Monday, October 07, 2013

Real estate Investment Strategies & Thoughts in Mississauga and surrounding areas

There are many different methods to invest in real estate in the Mississauga and surrounding areas.

Let's look at investing in real estate rental properties.

I am ruling out the option of a flip. With this out of the picture you would be looking at a rental property.

The options below are as follows:

1. You can buy a property for short term investment where the resale is very good so you will get maximum return when you resell in 4 years. Best bet is probably a town home in Churchill Meadows or Erin Mills of Mississauga or near Square One. These are great rentals as well!

2. You can purchase a maintenance free condo. For this I would recommend one Mississauga, Mimico or Toronto. For new-5yr old condos in Square one and Mimico - the rent would depend on the unit and area, but for an idea, sq one 1 beds go around 1350-1400 per month and 2 bedrooms $1600+.

3. You can buy a home in a high rental area, such as Mississauga or Brampton, where it is split into two units (ie: upper and basement) rented separately and get maximum rent and make a monthly profit.

Email me and I'll send you a list of Properties of Interest for you to view in this style

(As you will not make a profit on the above 2 options - you will just break even)

With a down payment of $90,000 you are looking to purchase in the $400k or below range.

The area is dependent on which of the investment goals you choose to purchase in as for

(1) you need a high resale area like certain Mississauga pockets,

(2) would be good by square one or downtown (although the downtown condo market is pretty saturated right now and prices are decreasing - great to buy but risky cause it is unknown if they will inflate again), and

(3) would be best in Brampton. I personally am not a fan of "student" rentals as the turnover is frequent and the wear and tear is sometimes high.

Please let me know if you have other questions or need more information.

Thank you,