Originally Posted by the indigo

I usually don't post in no-business thread, but this is really ridiculous.

A lot of self-made millionaires are from real estate.

Fact #1: Everyboby need real estate to live.
Fact #2: Very low % of the population know the market.
Fact #3: You can buy any real estate below the market value.
Fact #4: You can sell any real estate more than the market value.

It's all about location, "home staging" and financing. The bank support most of the deal.

Tip #1: Forget high-class properties. No appreciation there (Westmount) Go with Hochelaga Maisonneuve.

Tip #2: Your offer must be minimum 20% lower than the sell price. Why not 30%? After 10 offer, you might get one that really needs to sell (see Fact #1 and #2)

Tip #3: Do some minimal home-staging in strategic area of the property. A simple $5k investment can boost the value of a $100k property by 15%.

Tip #4: Sell back the property that you bought $80k instead of $100k (-20%) @ $115k and you made a quick $35k profit in a few months with a cashdown of $20k for mortgage (25% of $80k)

$35k profit on $20k investment within 6 months = 175% profit.

There are plenty of ways to make money with real estate. (...)

Shhhhht, there is no money in real estate.