How Do You Know What’s REAL: Ask for Clarification
It’s easy to get lost in the jargon when it comes to researching and evaluating if a real estate investment is right for you. This next part of our blog post series will help you find out what’s REAL in real estate investing by asking for clarification or for additional information.
Before you commit to participating in a real estate investment, be vigilant and ask questions along the way. Do your due diligence and ask the following questions:
- Who is selling you the investment? Are they who they say they are?
- Be sure to conduct a background check, ask for a resume, or ask to see credentials.
- What does the investment entail and what is your responsibility?
- Read and understand the disclosure and/or sale documents and find out whether you have direct or indirect ownership of the real estate-based security.
- Where is the investment located?
- Find out, and if possible, go see it.
- Why do you want to invest in this real estate-based security?
- Be clear about what your investment goals are and assess if this is the right investment for you.
For more information on real estate-based securities, visit our new Private Real Estate Investing page.
If you have any concerns about a person or company offering an investment opportunity, please contact BCSC Inquiries at 604-899-6854 or 1-800-373-6393 or through e-mail at [email protected]. You can also file a complaint or submit a tip anonymously using BCSC’s online complaint form.
InvestRight.org is the British Columbia Securities Commission’s investor education website.