When Dave and I bought our first real estate investment a little over seven years ago, the market on the West Coast of Canada was a mess. Most of the properties we looked at had been on the market for over a year. As new real estate investors, we couldn’t help but think “There must be something wrong with this property if nobody has bought it yet.” But, it was just the market at the time. Nobody was buying anything… and that was a great thing for us!
In this article, Why Current Market Conditions Shouldn’t Stop You From Buying Real Estate, written for Early to Rise’s fantastic daily e-zine I talk about the first property Dave and I bought together in that depressed market, and how it made us $300 positive cashflow within the first 12 months. Today it is paying us nearly triple that every month and is worth twice as much as we paid for it – even with the market dropping recently!
Please check it out and let me know what you think.