- Joined
- Jan 22, 2017
- Messages
- 235
This is a momentary blip of a worst case scenario timing wise. I can look at the same 4 years (2003 to 2007) and say wow, I'm a genius! Go short and you'll either lose, win, or break even. Stretch this to any 20 year investment time-frame and it's a win, and chances are Calgary or Edmonton will have outperformed most smaller centers.
Exactly my point, your unfortunately at the worst part of a 10 year cycle, things will improve and be much better in 2-5 years from now. Every decade looking back since the 80's has had a major downturn every 10 years, some uglier than others but they have always came back. It has been said many times on here, but leveraged real estate in general has no real cash flow at the end of the day. Your Alberta properties look like duds now, but they won't a few years from now.
Your seriously stating you would sell these properties at the bottom of the market?
Didn’t you buy in Red Deer? Why? What’s in it for you? Nothing for sale in Edmonton or Calgary?
If that market is good enough for you why not for others?
Seems like Cash flow is a dirty word for some. Believe me......cash flow is a lifeline for ANY business, incl Real Estate. Like in any business, try investing your hard earned money without seeing a return (or a very lousy one) after the initial years, and I can tell you right now you will get very bored with that pretty quick. (Quote is based on experience) Real estate is no different.
Remember, Revenue is vanity, Profit is sanity, but Cash is King.
(Seems like some on the forum are pushing their REITs, now that they have moved on to their next stage in their Real Estate investment business........)