I have about $10,000 in cash and I wanted to know if now is a good time to buy a real-estate investment property? Are tenants hard to find? Is my down-payment enough?
I think you should talk to ZorroAMG
I wont speak on behalf of tennants....
however i can let you know $10000 is more than enough for a downpayment.
If you really wanted you could go 0 down (pending credit) until oct 15 08. After this CMHC has changed the rules and there will be no 40 yr mtg or 0 down.
Real Estate is one of the best investments in the world.
There are a lot of ways to invest in real estate without buying the property yourself. ZorroAMG has a good one, and there are also Real Estate mutual funds, REIT's etc.
If it was me, and I had only $10k, I would be checking these options out instead of looking at buying property.
If it's not going to be your residence, don't you need 25% down?
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No.Originally posted by ExtraSlow
If it's not going to be your residence, don't you need 25% down?
Originally posted by 89coupe
I do get great service there, especially when I mention my name, haha.
Hey Bobby_Lu, thanks for the recommendation
Bashir, I have a 10K min investment that will return 137%...PM me if you want the details.
Ummm did you mean to say 13.7% on $10k? If not, where do I send a cheque and who do I have to kill?Originally posted by ZorroAMG
Hey Bobby_Lu, thanks for the recommendation
Bashir, I have a 10K min investment that will return 137%...PM me if you want the details.
0% down on a rental property you're not going to live in, through CMHC? I don't think so...Originally posted by tm88
I wont speak on behalf of tennants....
however i can let you know $10000 is more than enough for a downpayment.
If you really wanted you could go 0 down (pending credit) until oct 15 08. After this CMHC has changed the rules and there will be no 40 yr mtg or 0 down.
Real Estate is one of the best investments in the world.
As far as real estate being one of the best investments in the world?
Well, sure. And one of the worst. People have made fortunes and lost fortunes. the OP is asking if this is a good time to buy... and I would say, if you're only playing with $10K, you can lose all of that awfully fast in this market...
+1Originally posted by bobby_lu
I think you should talk to ZorroAMG
I read up a little bit,.. his development plan
Good investment for future returns
Burn some serious rubber on your Wedding Night!!
Renovating a home the hard way:
http://propertysensei.wordpress.com/
LOL.... he doesn't say that 137% in how many yrs.... I won't be surprised if it's a 5-10 yrs dev. planOriginally posted by Civ2NR
Ummm did you mean to say 13.7% on $10k? If not, where do I send a cheque and who do I have to kill?
maybe the 100% means you get your 10,000 dollars back
Cos...
link posted says annualized return of 27% so looks like about 5 years
TRUTH: it's the new hate speech.
In a time of universal deceit - telling the truth is a revolutionary act. - Orwell
not badOriginally posted by broken_legs
link posted says annualized return of 27% so looks like about 5 years
2700/year return
so 100k would yield a 27k return every year
200k and you can live off the interest for 5 years ok
I don't know if you can just pull out the interest yearly in this project tho
Burn some serious rubber on your Wedding Night!!
Renovating a home the hard way:
http://propertysensei.wordpress.com/
Originally posted by bashir26
I have about $10,000 in cash and I wanted to know if now is a good time to buy a real-estate investment property? Are tenants hard to find? Is my down-payment enough?
Originally posted by ZorroAMG
Hey Bobby_Lu, thanks for the recommendation
Bashir, I have a 10K min investment that will return 137%...PM me if you want the details.
Bingo!
It's a solid plan. Nothing to worry about. Worry free investing FTW!!
I am user #49Originally posted by rage2
Shit, there's only 49 users here, I doubt we'll even break 100
Techinically yes but there are lots of people who commit find ways to put much less down and/or commit mortgage fraud. Lots of people move in for 1 mth and then move out and rent it out. That is one shady way to do it.Originally posted by ExtraSlow
If it's not going to be your residence, don't you need 25% down?
As for the 0% until Oct, isn't that only available if you have already been pre-approved? I thought if you haven't already been pre-approved it's too late for new approvals.
Hey all, sorry I didn't reply here sooner.....a flood of PM's for some reason!
No, 137% ROI for the 5yr bond maturity term.Originally posted by Civ2NR
Ummm did you mean to say 13.7% on $10k? If not, where do I send a cheque and who do I have to kill?
Thank you Sir! Where's your cheque?Originally posted by barmanjay
+1
I read up a little bit,.. his development plan
Good investment for future returns
5yr maturity term but more likely a 2-3yr project, as we are already way ahead in the development stages.Originally posted by ws_on99
LOL.... he doesn't say that 137% in how many yrs.... I won't be surprised if it's a 5-10 yrs dev. plan
You DO get the 10K back, followed by another 13KOriginally posted by The Cosworth
maybe the 100% means you get your 10,000 dollars back
Bingo!Originally posted by broken_legs
link posted says annualized return of 27% so looks like about 5 years
The interest is paid at the term for this phase. We are having a flex-bond offering investment for the second phase that will have different interest payment schedules.Originally posted by barmanjay
not bad
2700/year return
so 100k would yield a 27k return every year
200k and you can live off the interest for 5 years ok
I don't know if you can just pull out the interest yearly in this project tho
The truth, you speak, Sir! Stay tuned for a newsletter/update!Originally posted by max_boost
Bingo!
It's a solid plan. Nothing to worry about. Worry free investing FTW!!
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Is the 137% assured?
With the first link of chains forged, the first speech censured, the first thought forbidden, the first freedom denied, chains us irrevocably.
^^^^
Assured?
Did you want a blowjob with that too
Had to ask...
With the first link of chains forged, the first speech censured, the first thought forbidden, the first freedom denied, chains us irrevocably.
hahaha
Nothing is assured and there will always be risk but this is an excellent project. Good opportunity to diversify your investments away from the stock market.
I am user #49Originally posted by rage2
Shit, there's only 49 users here, I doubt we'll even break 100