- Joined
- Aug 22, 2008
- Messages
- 428
QUOTE With RE the investor has the option to ADD value to their investment at any time (ie. distressed properties made nice, additional suites, modify the zoning, condominiumiztion etc.). This value-added process can be quite lucrative AND hands-off if the right relationships are forged
ABSOLUTELY!
Control of investment/change of use is one of the best allures of real estate. On that note, let`s get one thing straight - I am not debating "real estate" as an investment vehicle! If I didn`t think that it could provide me a quicker path to wealth & free time, there`s no way I`d be paying $200/month to be a REIN member, that I can assure you. My only debates surround Alberta. To so many members here, it`s pretty much the only province/option in Canada, and I think that`s the wrong attitude. Here I am offering a more bearish opinion on the province, with some pretty good supporting evidence, and I get slammed, sometimes at the personal level.
ABSOLUTELY!
Control of investment/change of use is one of the best allures of real estate. On that note, let`s get one thing straight - I am not debating "real estate" as an investment vehicle! If I didn`t think that it could provide me a quicker path to wealth & free time, there`s no way I`d be paying $200/month to be a REIN member, that I can assure you. My only debates surround Alberta. To so many members here, it`s pretty much the only province/option in Canada, and I think that`s the wrong attitude. Here I am offering a more bearish opinion on the province, with some pretty good supporting evidence, and I get slammed, sometimes at the personal level.