Are you interested in investing in Real Estate?
Your interest may be to rent the property for a few years, till the kids get older and they can move in to it. Can you imagine the cost of a starter home in about 10-15 years from now? Why not give the kids a head start while having someone else pay off your mortgage.
Maybe a fixer upper to turn around and potentially sell for a profit is more of what you have in mind.
One of two suggestions would be to focus on a home and area that would fall in the category to appeal to first time home buyers and/or high rental areas. For example, close to Universities, all levels of schools,shopping, community centers, bus routes, etc. Another option is to purchase a luxury home to rent to young professionals or relocation families that have contracts to live in Winnipeg for a few years. This also allows you to once again, evaluate the market at the end of their lease and choose to continue to rent or decide to sell.
Our vacancy rate for rental properties in Winnipeg is under 2%. Rental properties are high in demand and many families with children or pets look for single homes with yards, a larger space to live in and a place that allows them to feel like it's their own home.
Please give me a call to discuss any of these options and to email you properties that may be of interest.
Don't wait to invest in Real Estate.....invest in Real Estate and wait!
ALISON AND THE CITY