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Updated almost 9 years ago on . Most recent reply
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Full Time Real Estate
Hi - i am a full time investor and Broker of Real Estate. Started buying in 1996, have owned passive rental properties in North Bay, Sudbury, Timmins, Toronto, Hamilton and now in Niagara Falls.
Checking out Windsor Ontario now for future rental property investments.
Would like to buy in Florida, but the currency is not an option, to make an investment which will immediately see a 30-40% loss, due to dollar exchange - makes investing in the USA not an option right now.
Most Popular Reply
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Hi - thanks @Jill DeWit for the welcome and great smile!
As for Windsor @Matt Geerts and @Samuel Sedore - i would guess similar to any areas, there are Dumps and there are hidden opportunities (Gems), we all like to target the growing, popular areas - as with Stocks, but best time to buy is when the markets are struggling or ready to rebound, not when they are popular.
Sudbury was Hot in the 2007-2013, when lots of markets were struggling, but for the past 3 years has been very slow. Some might even say time to Sell it is so slow...but i just bought two more properties - one for $150K(4plex) which was bought in 2013 for $240K. Fully rented and at a 12-16%ROI.
Windsor will rebound - just a matter of when.
AS for Sault SM - the Steel mill (Essar) @Kellan P. is up for sale and will likely Close. They are one of the last big employers. It too, similar to Windsor has been struggling, some opportunities, but other than the Schools - it will have a harder time to rebound. Not as many companies want to invest in the North unless it is Govern't Asst or Resource Based.
From the Great White North - Brent signing off and Thanks, Eh!!