Revenue Properties - The Best Investment?
- AndrewL
- Karin
- ChristinaN
- AndrewL
This archived discussion is "read only".
» AndrewL - Andrew Larder writes to ask if people are interested in revenue
Andrew Larder writes to ask if people are interested in revenue properties, in BC and Western Canada. Now that interest rates are so low, and larger revenue properties are just coming out of the doldrums, could this be the best time to buy? What about people saying that the baby boomers are done buying houses, and demand will drop off--no more big increases in property? Has anyone seen what David Baxter (local demographer) has to say vs. what the Eastern bestseller book says?I'm looking for tips on mortgages and revenue properties for my website
!Real Estate Investments - Western Canada!
If you have any tips to share with others--valuable ones, I hope! Email me at
Andrew Larder and pass them along.
Why is it that everyone will buy mutual funds and so few of us are interested in revenue properties? Any good stories, or really bad ones? I'll check back for feedback!
-- posted by AndrewL
» Karin - Mutual Funds are Liquid Assets. Real Estate is non liquid and ta
Mutual Funds are Liquid Assets. Real Estate is non liquid and takes maintenance, extra cash to keep it up, taxes, Rents must be collected, repairs, etc. Not many women can handle this responsibility. Mutual Funds are so much less trouble.-- posted by Karin
» ChristinaN - Good point Karin, Real estate investments are, by their very
Good point Karin,Real estate investments are, by their very nature, more demanding than paying out $1000 + a year in mutual funds. That is not to say that real estate investments are not a good idea, just educate yourself because you can get burned (The same can be said for mutual funds...They are simply a popular, overinflated investment tool that is going to experience a major correction in the next few years).
As to David Baxters demographic information and his rebuttle on David Foot's book Boom Bust and Echo...he says the age baby boomers are not going to cause a huge decrease in housing demands and asserts that Foot missed some very critical and very basic demographic facts. Demographics and the Future of Housing Demand in Canada: The Myth of the Vanishing Purchaser is an interesting examination of the future for ground oriented housing in Canada. There is a future in real estate investment in Canada.
-- posted by ChristinaN
» AndrewL - For anyone interested in highly leveraged revenue producing inve
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Nowhere else can you leverage your estate so much. You can buy $5000 worth of mutual funds or GICs, and hope to get 5 or 10% annually, but is $250 or $500 going to assure you a retirement, or even a good lunch in 2025? The alternative of buying a revenue property, worth say $100,000 with $5000 down, and enjoying an average 10% increase in its value each year, plus having the mortgage slowly paid off by tenants (whose rents rise with inflation), looks pretty good in comparison!
The one caution is that leverage magnifies EVERYTHING, so that just as a 5% increase in property values doubles your money, a 5% decrease in values creates the same 100% move, against you! You absolutely MUST have patient money which is prepared to stay in it for the long haul, just like your personal residence. You wouldn't even care if your own house was down by a few thousand over the last few years, because over the long term it will be the best investment that you will make. Now what if you had two houses, or three?
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-- posted by AndrewL
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