Quote:
Originally Posted by Gerbs
On a side note with $75 - 150K for RE Investment which areas/cities/builds would you guys consider at 5-5.3% interest?
My friends had success in Calgary, but it's volatile in the sense that you could be making close to 8-13% back on rent + Cash flow. But one small special levy could wipe out 2 years of rental gains.
Fortunately they got some capital gains but it's pretty minimal, SPY came out ahead.
|
Isn't a special levy just part of the risk though? You can't really predict a special levy unless you see it in the AGM docs. Or you know a big maintenance issue is coming up.
I've also been looking for an investment property and Saskatchewan, Edmonton, and Winnipeg by the numbers looks to be cash flowing. Many parts of Texas also cash flow. But I don't know how owning American real estate works.
Just the thought of real estate though, it scares me because I'm not that familiar with it. I'm much more comfortable with the stock market.