I have always invested in real estate locally in my area however I have found over the last few years that my area just doesn`t lend itself to purchasing properties that generate a positive cash flow from rentals because the prices are so high. I have found another area and I am very interested however I am wondering for all of those who have used the ACRE system, this aforementioned area has experienced a slightly better percentage average income than the provincial average from 2001- 2006 but below Canadian average income; it has experienced one transportation expansion with several others planned for and I believe the area and reputation is in transition for the better. If I find a property that falls within the 10% cash flow zone within this area, close to the univeristy as a student rental would any of you fellow investors recommend to seriously consider the property given the above factors of the ACRE system?
Choosing an Investment Area
- Thread starter fmonaco
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QUOTE (fmonaco @ Feb 25 2009, 07:24 PM) I have always invested in real estate locally in my area however I have found over the last few years that my area just doesn`t lend itself to purchasing properties that generate a positive cash flow from rentals because the prices are so high. I have found another area and I am very interested however I am wondering for all of those who have used the ACRE system, this aforementioned area has experienced a slightly better percentage average income than the provincial average from 2001- 2006 but below Canadian average income; it has experienced one transportation expansion with several others planned for and I believe the area and reputation is in transition for the better. If I find a property that falls within the 10% cash flow zone within this area, close to the univeristy as a student rental would any of you fellow investors recommend to seriously consider the property given the above factors of the ACRE system?
sure .. IF it can be well managed !
Did you look at the REIN Goldmine Scorecard ? It has several factors only 2 of them being income and transportation .. there are others ..
sure .. IF it can be well managed !
Did you look at the REIN Goldmine Scorecard ? It has several factors only 2 of them being income and transportation .. there are others ..
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Its tough to beat a good student income property. Everybody should have at least one.
QUOTE (fmonaco @ Feb 25 2009, 09:24 PM) I have always invested in real estate locally in my area however I have found over the last few years that my area just doesn`t lend itself to purchasing properties that generate a positive cash flow from rentals because the prices are so high. I have found another area and I am very interested however I am wondering for all of those who have used the ACRE system, this aforementioned area has experienced a slightly better percentage average income than the provincial average from 2001- 2006 but below Canadian average income; it has experienced one transportation expansion with several others planned for and I believe the area and reputation is in transition for the better. If I find a property that falls within the 10% cash flow zone within this area, close to the univeristy as a student rental would any of you fellow investors recommend to seriously consider the property given the above factors of the ACRE system?
QUOTE (fmonaco @ Feb 25 2009, 09:24 PM) I have always invested in real estate locally in my area however I have found over the last few years that my area just doesn`t lend itself to purchasing properties that generate a positive cash flow from rentals because the prices are so high. I have found another area and I am very interested however I am wondering for all of those who have used the ACRE system, this aforementioned area has experienced a slightly better percentage average income than the provincial average from 2001- 2006 but below Canadian average income; it has experienced one transportation expansion with several others planned for and I believe the area and reputation is in transition for the better. If I find a property that falls within the 10% cash flow zone within this area, close to the univeristy as a student rental would any of you fellow investors recommend to seriously consider the property given the above factors of the ACRE system?
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QUOTE (fmonaco @ Feb 25 2009, 09:24 PM) I have always invested in real estate locally in my area however I have found over the last few years that my area just doesn`t lend itself to purchasing properties that generate a positive cash flow from rentals because the prices are so high. I have found another area and I am very interested however I am wondering for all of those who have used the ACRE system, this aforementioned area has experienced a slightly better percentage average income than the provincial average from 2001- 2006 but below Canadian average income; it has experienced one transportation expansion with several others planned for and I believe the area and reputation is in transition for the better. If I find a property that falls within the 10% cash flow zone within this area, close to the univeristy as a student rental would any of you fellow investors recommend to seriously consider the property given the above factors of the ACRE system?
Many factors need to be considered when investing in a market that you are not familiar with. The best advice is to work with an investment specialist that can provide sound advice and research on the macro and micro markets. Student rentals are definately a good option provided it is affordable, you can get a good property manager and the student rental market is not saturated.
I always recommend to clients, do the research first on the areas that have the most potential for long term growth, and that can provide financials that work in the short term. Then find a rental that meets the requirement for what the local market calls for.
I hope this helps.
Many factors need to be considered when investing in a market that you are not familiar with. The best advice is to work with an investment specialist that can provide sound advice and research on the macro and micro markets. Student rentals are definately a good option provided it is affordable, you can get a good property manager and the student rental market is not saturated.
I always recommend to clients, do the research first on the areas that have the most potential for long term growth, and that can provide financials that work in the short term. Then find a rental that meets the requirement for what the local market calls for.
I hope this helps.