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The Best Places in BC to invest in Real Estate

As released by the Real Estate Investment Network Nov 2011

 

The report, titled Top British Columbia Investment Towns 2011 analyzes the current and future prospects for real estate investment opportunities in the province, and identifies the top regions that will outperform in the coming decade. The findings are based on in-depth research, analysis of the latest statistics, economic and social trends, and on-the-ground reports from REIN™’s research staff and members, along with reports and statistics from organizations such as Canadian Mortgage and Housing Corporation (CMHC), Statistics Canada, Multiple Listing Service (MLS), Canadian Home Builders Association, city and regional real estate boards, and local economic development offices.

 

 

#1

Surrey

#7

7. Kelowna

#2

Maple Ridge/Pitt Meadows

#8

Comox Valley

#3

Kamloops

#9

Penticton

#4

Abbotsford

#10

Prince George

#5

Fort St. John

#11

Vancouver

#6

Dawson Creek

 

 

 

Ever considered an investment property?

 

An investment property can help provide financial stability and long term growth for your portfolio. When investing in Real Estate, here are a few key rules to follow:

 

1. Never sign anything that’s inaccurate. “A lot of people are being told to sign documents indicating that they’ll be moving in to their rental property, because it’s easier to secure a mortgage as a homeowner. Never, ever do that because it’s pretty tough to manage a portfolio from jail.”

2. Never fall in love with a piece of real estate; only fall in love with the numbers. “Those who fall in love with a specific piece of real estate usually have their lunch handed to them. Or eaten.”

3. Buy older resale properties because they’ll generate greater cash flow; they cost less than new properties but rent for not much of a discount thus creating more cash flow. Older properties can be renovated to add value to the property.

4. Only ask for real estate investment advice from somebody who knows the industry. And never, ever buy based on a “Hot Tip.

 

Are you or anyone you know interested in learning more about how you could own an investment in real estate? Contact me today and we will point you in the right direction. Darin Germyn 604-374-6145

 

 

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