My Personal Real Estate Investment Strategy

So you are considering investing in real estate, but don’t know where to start. While there is technically no right or wrong way to begin your real estate investment journey, there are definitely things to consider and weigh prior to jumping in.
In today's video, Surrey Real Estate Specialist, Steve Karrasch of Macdonald Realty walks through his personal real estate investment strategy and what he looks for in an ideal investment property.
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The opinions expressed herein are solely that of Steve Karrasch PREC and not Macdonald Realty or the FVREB and should not be misconstrued as advice or the basis of an agency relationship whatsoever. Please consult your professional advisor prior to taking action on any decisions relating to the matters discussed in these videos. This communication is not intended to cause or induce breach of an existing agency agreement.

[@SteveKarrasch]

Are You an investor in the Fraser Valley?
Book A Call: calendly.com/stevekarrasch

[@Shadowjedi007]

Agree with your common sense, conservative approach.

[@DummMoney-rr1fi]

I do too, but where do you put that high-risk 5% of the portfolio? I'm eyeing GME this week

[@vikingvancouver9832]

Steve, i enjoyed your video. Thanks for sharing your thoughts. In a future video, can you elaborate on the financial part? Given the cost/amount involved with a purchase ($500,000 plus) i would imagine the numbers are a (THE?) critical piece of the purchase decision - for something being purchased as an investment. What do you include? What kind of a return are you after?

[@SteveKarrasch]

Thanks for watching and commenting. I like to break even on cash flow. Lower taxes and asset pay down.

[@GencoupeVan]

I guess when you are investing it doesn't really matter, but with low-rise wood frame buildings, aren't noise from above an issue if the unit is not a penthouse unit?

[@SteveKarrasch]

Not usually an issue.

[@Matt.k864]

I hear preconstruction condos is the way to go right now

[@mgdubya27]

🤣 good one.

[@SteveKarrasch]

Pre-con has never been the way to go. It’s a casino, not real estate.

[@artemzheman5417]

Based on what you are saying bere. You are primarily investing for appreciation if you are considering break even or low cash flow deals?

[@SteveKarrasch]

I invest for someone else paying off my investment and having a paid off asset in the future.

[@DummMoney-rr1fi]

@@SteveKarrasch refi is a real good way of scaling your real estate portfolio. Do a show on The Smith Maneuver

[@vert911]

After yesterday I'm considering selling everything if SpaceX IPO becomes a reality.

[@SteveKarrasch]

I still want to live down here.🚀🌝

[@vert911]

@@SteveKarrasch But "First Realtor on Mars" would look mighty cool in your email sig.

[@SteveKarrasch]

There is an even worse housing shortage on Mars.

[@gregpendrey6711]

Ellon is a genius

[@mgdubya27]

That launch was very impressive.

[@anythingwewant604]

Condos suck Steve 😅

[@SteveKarrasch]

I think you missed a " , "