Types of Real Estate Investing

The following are the types of real estate investing we do:
A. Purchase and hold
B. Rent to Own
C. Broker Deals
D. Joint Ventures

Purchase and Hold
We're not strong believers in flips. We do believe in purchasing long term. The equity can later be used to further finance other properties. We have properties that we intend to pay down completely so we later have a greater cash flow.

Rent to Own
I enjoy doing rent to own as it helps people who need time to repair their credit scores or build their down payment. Most of the time, they need to do both. Another positive is that it's very profitable and provides a good profit in a period of three to five years.

Broker Deals
I match tenant and investor together. I charge 1.5% of the value of the property. I either set it up as a rent to own or a rental. In some of my agreements; I'll manage the property for an agreed period of time

Joint Ventures
Always looking for investors to work with. Most of the time, the investor supplies the investment and in turn, I put the deal together and manage it.

Building Your Credit Score

I provide my clients with a simple formula to build their scores:
1. Pay all existing bills on time
2. Pay more than minimum on credit cards - preferably the full balance each month 
3. Develop a relationship with a credit union - they're more flexible than a bank and might be needed
4. Develop two trade lines - a credit card and a loan for a RRSP or GIC (forced savings)
5. Avoid having your score pulled up too often