LOOKING FOR A WAY TO RECOUP YOUR STOCK MARKET LOSSES?

What a GREAT time to purchase an INVESTMENT PROPERTY in Nanaimo!

There are EXCELLENT buys IF YOU KNOW WHERE TO LOOK.

DID YOU KNOW?

Prices are more negotiable and the selection is the best that it’s been in many years!

Investors looking for rental properties should consider the following:

1.      Selection is good -prices are weak.

2.      The vacancy rate is still low and rents are high.

3.      Interest rates are very attractive with current 3 year rates as low as 3.79% (that’s 
    under $425.00 for every $100,000 worth of mortgage).

Investment portfolios have done poorly for the second time in the last 9 years.  Conversely, single family home prices have gone up from $147,000 in 2000 to $368,000 in 2008, an increase of 248%!

IMAGINE THIS SCENARIO:  You invested in a rental property in 2000 for $147,000, with 10% down, and it is now paid down to $100,000, largely from the rent paid by your tenants.  You pay off the mortgage and are left with a profit.  Your initial investment of $15,000 (the down payment) has grown to $268,000 – a whopping increase of 1768% !!