What you Think?

[ronaldk]

For Experienced Real Estate Investors:



What's your opinion on Canadas(EDMONTON) RE market?

What you think about the interest rate?remain same for a while?

Good time to buy(invest) in Edmonton or wait for a year?

Where to put 50000 cash in this RE market?What property?JV?



Thank you,

RK. Edmonton

(780)9907253

 

[Thomas Beyer]

Edmonton is a great place to buy NOW .. as prices have fallen from 2007 to 2009 .. and flatlined in 2010 .. and are now starting to rise again with rising OIL prices and bottomed out gas ..



Interest rates will slowly slowly rise ..but not much above 5% for a 5 year fixed term .. or variable around 4% !



50K cash (+ 150K mortgage) buys a townhouse with more or less break even cash-flow .. or a 2BR or 3BR condo .. or a small small house !!



Yes, time to look and to buy .. but not at any price and in any location either !! Do a thorough due diligence !



We're looking to buy in Edmonton and area right now .. after we sold a ton of properties into the crazy boom prices of 2007 !

 

[housingrental]

Sell

Do not buy

 

[jarrettvaughan]

Buy

Do not sell

 

[Thomas Beyer]

[quote user=housingrental]Sell

Do not buy


Why ? With oil over $100, a newly announced huge upgrader and employers ALREADY unable to find workers in AB again ..



Where is it better ? AZ ? FL ? NB ? ON ? GTA ? BC ?

 

[housingrental]

In cash... waiting for opportunity to present itself....



[quote user=ThomasBeyer][quote user=housingrental]Sell

Do not buy


Why ? With oil over $100, a newly announced huge upgrader and employers ALREADY unable to find workers in AB again ..



Where is it better ? AZ ? FL ? NB ? ON ? GTA ? BC ?