So lately the Canadian dollar and the US dollar have been floating pretty close to parity. Canadian dollar is a lot higher than back in the 70cent US for $1 CAD days. Also, the economic recession has tanked a lot of the US housing prices. I also remember looking at US housing prices for vacation homes and time shares, they have significantly dropped too! For about $100,000 CAD you could buy at least a 3,000 sq ft. monstrosity in the US at the peak of the recession. For investors, vacation lots like time shares may seem a bit risky because you are not always there to supervise your property but that's what property management is for. If you pick a retirement area there are always seniors going for vacation like golfing resorts. While prices are low, snatch a few and watch your residual income roll in. Reason why I said pick popular retirement areas is because there will always be somebody there so you get more consistent clientele. Now what is a popular retirement area is for you to figure out ;) Can't tell you all the secrets you know!
G.
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People have always said that real estate is the best way to invest money. As we know putting money in your savings account won't generate much income unless you invest it, "Getting your money to make money!" Find tips on how to succeed in real estate investing, whether it be buying your first home to developing large scale real estate projects and current trends in the real estate market.
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