Hi all,
I am a complete newbie here. Just read "the book" this past weekend and wrote my personal Belize yesterday. Still a bit lost, but trying to figure things out.
I'm looking for some insight into what experienced investors assign more value to when analyzing a property...... higher cash flow or potential future appreciation.
As an example, I've been looking (by looking, I mean on Realtor.ca) at some properties in Sarnia, ON and many seem to have excellent cash flow potential, when using the quick screening formula. I also have come to realize that Sarnia does not hit on many of the key driving factors for appreciation or a "boom" (I could be way off on this analysis).
Are higher cash flowing properties (with less upside appreciation) still a viable option to create long-term wealth, or am I being completely shortsighted here? Sarnia seems to have some really affordable properties that keep drawing me back to that region.....perhaps because I don't have much cash to get started with.
Any insight would be greatly appreciated!!
This is my first post..... I should probably celebrate this first step in my journey right?
I am a complete newbie here. Just read "the book" this past weekend and wrote my personal Belize yesterday. Still a bit lost, but trying to figure things out.
I'm looking for some insight into what experienced investors assign more value to when analyzing a property...... higher cash flow or potential future appreciation.
As an example, I've been looking (by looking, I mean on Realtor.ca) at some properties in Sarnia, ON and many seem to have excellent cash flow potential, when using the quick screening formula. I also have come to realize that Sarnia does not hit on many of the key driving factors for appreciation or a "boom" (I could be way off on this analysis).
Are higher cash flowing properties (with less upside appreciation) still a viable option to create long-term wealth, or am I being completely shortsighted here? Sarnia seems to have some really affordable properties that keep drawing me back to that region.....perhaps because I don't have much cash to get started with.
Any insight would be greatly appreciated!!
This is my first post..... I should probably celebrate this first step in my journey right?