Lisabelle Boudreau- Ottawa Realtor
2733 Lancaster Rd 121 K1B 4V8 Ottawa, ON, Canada

There were a total of 1,002 houses sold in December. With an average days on market of 28 days, I bet you thought the average days on market was much less! If homes were on the market longer than 28 days there are several factors that could have contributed to that; price, location, and layout. Do you have any specific questions on the local real estate market? Don’t hesitate to reach out! :)

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BRRRR Real Estate Investment This post is going to be a little bit longbut I wanted to share with you the BRRR strategy and our story. Before we start, I wanted to mention that every property is unique, every location is unique, and your skills are unique. I step aside and offer you some tips based on my storythings that you can start doing immediately in your own business. ... What is the BRRRR Strategy Method? Buy: You buy a rental property for a below-market price. This typically involves a property that needs a little TLC. {Tip No 1: Talk to your real estate salesperson and have them set you up with automatic email alerts for properties that meet your criteria.} Rehab: You then repair, rehab, or renovate that property so you can attract tenants who will pay the monthly rent to live in the property. {Tip No. 2: Don’t forget that this is a rental property, not a flip or a primary residence. You just need to get the house in as good a condition as other rentals in the area.} Rent: Once the property is rented to good tenants, the property starts generating income, which thereby increases the home’s value. Refinance: Once you can show a lender that you are making money from this property and that you have equity in it, you should be able to do a cash-out refinance. Repeat: Once you get your money back out, you can find another great deal to buy and repeat the process! Our story: we are currently house hacking by living in the basement of our duplex at a low rent while currently renting the upper level. We have started doing minor renovations and saving money so that we can do more renovations on the entire house during summer. We have encountered unexpected problems along the way (might not be over) but it’s all a learning process. Learn from your mistake, improve, and always look forward! It’s better to try and not succeed than not try at all. If you made it this far, do me a quick favor: Leave me a comment below. I’m happy to share more info if I can or clarify anything. #realestate #realestateinvesting #realestatetips #ottawarealtor #rocklandontario #wealthmindset #longtermgoals #couplegoals #workhardstayhumble

FREE, Custom Home Valuation! Thinking of selling your home, but not sure what it's worth? Tell us a bit about your home and we'll instantly provide you with an estimated market value. Click the link below :)