- Joined
- Oct 10, 2007
- Messages
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Sure Moe
For the future though you might want to reduce your concerns on saleability (might)
I can`t speak to Ottawa specifically but most other Ontario towns have significant student investor markets where properties are valued by the bedroom.
QUOTE (surfermoe @ Apr 27 2009, 12:28 PM) Thanks for the dissenting opinion, Adam. I appreciate your advice.
We`ve decided to pass on the deal, regardless. Our concern is potential exit strategies. Due to where it`s located, it`s hard to imagine how we could sell this property to anyone but an investor.
The strategy we started out with was to buy duplexes that can be rented out to working professionals - and would have a large market of potential buyers when we want to sell. The feedback in this thread has made us realize that by getting into student rentals, we would be deviating substantially from our strategy.
Moe
For the future though you might want to reduce your concerns on saleability (might)
I can`t speak to Ottawa specifically but most other Ontario towns have significant student investor markets where properties are valued by the bedroom.
QUOTE (surfermoe @ Apr 27 2009, 12:28 PM) Thanks for the dissenting opinion, Adam. I appreciate your advice.
We`ve decided to pass on the deal, regardless. Our concern is potential exit strategies. Due to where it`s located, it`s hard to imagine how we could sell this property to anyone but an investor.
The strategy we started out with was to buy duplexes that can be rented out to working professionals - and would have a large market of potential buyers when we want to sell. The feedback in this thread has made us realize that by getting into student rentals, we would be deviating substantially from our strategy.
Moe
