Hey Cory,
Thanks for your input. I agree that there are always cyclical aspects in every market. I live 1hr from Leth and 3 hours from Cgy. I have great connections in both cities. We are now breaking down and weighing neighborhoods against each other in the two cities.
Cheers
Mr. Beyer,
In my first question I was labeling cities as "markets" I didn't give an example of a cyclical market/city. Lethbridge is what I would label as a linear market because it is not heavily reliant on the oil and gas industry. Fort Mcmurray would be in my opinion a cyclical market.
I...
Hey Martin,
Thank you for your post!
Our system would be as follows: Investing in single family properties that are zoned for basement suites that have enough positive cashflow to support second mortgages. (Detached garages/Carriage homes) Thus structuring our business so that it can support...
I like to break down markets into three categories: Cyclical, Linear and Hybrid. As a rookie I am staying away from cyclical markets. I want to geographically specials in either Calgary or Lethbridge. (Hybrid and Linear) Buy and hold is our strategy. If a property fits our system and goals...