Boy am I ever tired of talking about this one issue I see at least three times in today’s video. Wake up sellers! It got so bad, I had to bring in some guests to talk about it! Plus, we look at the meaning of market value in today’s episode, plus there are 18 homes to review, including one of the largest homes built in Milton at more than 4,000 square feet! Our listing on Hobbs is down to a measly $404,900, and we’ll also see a clever technique an agent used to hide an ugly yard!
Oh, and as a part 2 from yesterday’s post… investors make money in real estate because of these three things: equity paydown, appreciation and cash flow. As time marches on, the equity gets paid on the house, so that’s almost automatic. Appreciation is not guaranteed, and real estate markets go in cycles. So your best measure of success is cash flow. What’s the profit/loss? How much goes into my pocket every month? If you can find a cash-flow positive home, that trumps everything. And the best ones generally aren’t found within an hour of Toronto… if you want to talk more about investing (aka “get the money, dollar dollar bill y’all!”), just give me a call. I’d be glad to help. 🙂