Real Estate Is a Great Place to Invest
The spring market has already started.
The fact that interest rates remain low and housing prices have balanced out make it a perfect time to buy.
Remax is forecasting an increase average of 3% for 2011.
The day I wrote this article, the posted Bank of Canada rate was 1.
25%.
Now you don't need to be a mathematician to figure out that Real Estate is a great place to INVEST.
There are so many options to invest in right now.
For example; there are some great condo projects being built in the GTA.
If you purchased a condo for $300,000, by the time it was built, based on a 7 % appreciation a year over three years, that would be more than a 100% return on your 20% down payment.
This is an exciting time in Real Estate; there are so many amazing opportunities to leverage! Personally I do not agree with RRSP's and RESP'S as being your best investment choice.
I know that will not sit well with many people who think inside the box.
Why not take $30,000 equity/savings or line of credit, purchase a townhouse in one of the top 10 places to invest in Ontario, wait for five years and have someone else pay your mortgage during those 5 years.
Plus make a profit each month that you can use to pay down your line of credit, and write off the interest.
One investor I know has this definition of a tenant: "A partner in business who will open up the shop each morning and lock it up at night.
They will look after security & inform you of potential problems in the business.
They will cut the grass, rake the leaves, shovel the snow, and pay all the utilities.
They will even pay all your mortgage payments and taxes.
Then, in the end, they will relinquish all monetary interest in the business and walk away, leaving you with the profits.
" The basic housing prices have consistently increased over the decades.
We have the GDP rate of just over 3 percent, and a population growth to support the development that is occurring in Ontario.
This only leads to increased rental demands.
So I ask you; is 2011 the time to buy your first investment property?
The fact that interest rates remain low and housing prices have balanced out make it a perfect time to buy.
Remax is forecasting an increase average of 3% for 2011.
The day I wrote this article, the posted Bank of Canada rate was 1.
25%.
Now you don't need to be a mathematician to figure out that Real Estate is a great place to INVEST.
There are so many options to invest in right now.
For example; there are some great condo projects being built in the GTA.
If you purchased a condo for $300,000, by the time it was built, based on a 7 % appreciation a year over three years, that would be more than a 100% return on your 20% down payment.
This is an exciting time in Real Estate; there are so many amazing opportunities to leverage! Personally I do not agree with RRSP's and RESP'S as being your best investment choice.
I know that will not sit well with many people who think inside the box.
Why not take $30,000 equity/savings or line of credit, purchase a townhouse in one of the top 10 places to invest in Ontario, wait for five years and have someone else pay your mortgage during those 5 years.
Plus make a profit each month that you can use to pay down your line of credit, and write off the interest.
One investor I know has this definition of a tenant: "A partner in business who will open up the shop each morning and lock it up at night.
They will look after security & inform you of potential problems in the business.
They will cut the grass, rake the leaves, shovel the snow, and pay all the utilities.
They will even pay all your mortgage payments and taxes.
Then, in the end, they will relinquish all monetary interest in the business and walk away, leaving you with the profits.
" The basic housing prices have consistently increased over the decades.
We have the GDP rate of just over 3 percent, and a population growth to support the development that is occurring in Ontario.
This only leads to increased rental demands.
So I ask you; is 2011 the time to buy your first investment property?
Source...