Investing in real estate is one of my favourite subjects
There is never a better time to buy than when the prices are soft
I do not want you to assume that I base my investment decisions on buying low, because that would assume that I sell high. I can buy during all types of markets, as my philosophy is simply not to sell and let the tenant pay the mortgage off. You might thing this takes a long time; however, if you buy a breakeven or cash flow property and manage it well for rental increases, you can pay it of much sooner than the standard amortization periods.
You can then apply the Six Rules for Purchase:
1. Can I own it forever?
2. Will it be break-even or a positive cash flow property after the first 12 months?
3. No short-term payments
4. No variable or adjustable interest rate loans
5. No horrible areas where pride of ownership is not practiced. A good school district helps in renting, too
6. Buy within a one-hour drive time from your home
I’ll do whatever it takes to earn your business
Vancouver Investment Expertise | www.HarrisFirst.ca | Harris@HarrisFirst.ca
Harris First | Call Direct 778-320-3782 Text message | Never too busy for You
Vancouver Realty Blog © www.VancouverRealtyBlog.com
Any content of this website and/or blog may not be reproduced without express written permission from Harris First
The views and opinions expressed by Harris First in this commentary are his own, and not of Oakwyn Realty
We do the work that actually works!

Never a Better Time to Buy Than When Prices are Soft