Chaotic Times Real Estate Investing: 12 Suggestions & Tips | Trade War, Real War, Pandemic, Interest rate increasing, more and more strict policies.
Trading War, real war, Crazy Inflation Rate, Pandemic, Interest Rate, More and More government policies. How to invest in smart way? How to protect your wealth.
Morning lee is me, I will share my suggestions and tips to you.
The last suggestion is very important, please don’t do that
This is only for investors buyers and only for residential properties. if you are going to live there or commercial properties, farms, it’s not for you. I will give separate suggestions for them.
1 My suggestions are not about what you like,
they are about what’s good for your money your invest.
So forget what kind of property you like, Color, Big, New,
Stop it.
2 Cheaper Properties
Absolutely Cheaper
Single house less than 1M
Apartment less than 500K
Relatively Cheaper
Greater Vancouver around 1M, less than 1.5M
Vancouver West around 3M, less than 4M
I don’t suggest buying relatively expensive one in this area. For example, most of them are 3 million, but you are buying the best one in this area, 10M.
Not for investing. Maybe for home
The prices I mentioned will changed along time, taken or given. I only want to tell you the idea
Why
Cost less money
Easy to rent or sell
Easy to have capital gain
3 Good locations
Easy to rent, where the job si
Higher rent, where the school is
Convenient for train, bus, high way
Close to shopping center
4 Have developing potential
Maybe Not immediately, cause it’s expensive already
This one must follow the above two tips, and usually it’s on the major road, with noise problem.
5 Corner is better than the middle one
6 Frontage is more important than depth
7 Old one better than new ones
But must be liveable
No need repairing, unless you are in construction or renovation business
8 More rooms better than less rooms
9 No Legal trouble for the house or construction
10 It’s better to have back lane
11 It’s better don’t have a lot of big and old trees
12 Don’t keep cash, if the inflation rate is very high. Invest, Invest, Invest. Unless you really know what you are doing.