Is it a good time to buy a house as an investment property?
In real estate circles, an “investment property” is one bought with the hope of cashing in on the increase in the property’s value in future years. An example would be buying farmland in Richmond Hill in 1980, or my friend Chris who bought a house in Markham when it was still a sleepy little village surrounded by farms out in the country, or buying vacant land in 2008 in Collingwood, or Wasaga Beach. (I’m not saying, I’m just saying….:) Many people consider a rental property to be an investment property, but that’s really an “income property.” There are many landlords living off of their rental income. They’re a great way to make money, but are much more complicated than buying an investment property. To profit from buying real-estate, or any investment, you have to buy it for less than you sell it for. To make your real estate investment decision today, you have to calculate the odds that your “investment” will be worth more than today’s value in future years. Real estate values hav
In real estate circles, an “investment property” is one bought with the hope of cashing in on the increase in the property’s value in future years. An example would be buying farmland in Richmond Hill in 1980, or my friend Chris who bought a house in Markham when it was still a sleepy little village surrounded by farms out in the country, or buying vacant land in 2008 in Collingwood, or Wasaga Beach. (I’m not saying, I’m just saying….:) Many people consider a rental property to be an investment property, but that’s really an “income property.” There are many landlords living off of their rental income. They’re a great way to make money, but are much more complicated than buying an investment property. To profit from buying real-estate, or any investment, you have to buy it for less than you sell it for. To make your real estate investment decision today, you have to calculate the odds that your “investment” will be worth more than today’s value in future years. Real estate values hav
