Quote:
Originally Posted by directfiesta
Doubled value in Pompano Beach .... plus a bonus 35% exchange rate .... Not bad ...
Paid during the crash : 170K
Same unit sold a month ago : 348500.00
Local real estate in Montreal is not the same as we did not have a crash ... My rental properties here increase of about 4% a year, stll giving me 45K$Cdn a year, aside from the cash flow and profit .
Can`t say the same of my mutual funds ...  |
We need to meet up and shoot the shit.
I've avoided buying locally because tenants have way too many rights in Quebec. All of my real estate holdings are in Phoenix, I bought during the crash. If a tenant is 5 days late I can have the sheriff remove them in under 30 days.
For me real estate is a long term play, buy and hold. If I sell it's to upgrade to a different property. Time will tell if that's the right move but anyone who bought real estate 30 years ago and held it has done quite well.... except those who bought in Detroit
