Hi everybody,
My wife and I just moved to Ottawa.
We`re interested in real estate investing but we`re really beginners.
Do you think it`d be wise to purchase a small property ($150-250k range - 20-25% down) in Ottawa (or on the Quebec side in Gatineau)? We would live in the property for a few months and then rent it while being posted overseas (3 years out of the next 5)?
My main worry is how to manage the property while abroad.
Since we`re new to the city, we don`t have any family/friends that we can rely on in case anything goes wrong.
A property manager would of course be hired but would this be enough?
Or would it be wise to wait and invest in papers instead? Are there any other alternatives we should consider?
Thanks for your help.
REIN seems like a really good network to be part of. I`m glad we found it.
- Vincent
My wife and I just moved to Ottawa.
We`re interested in real estate investing but we`re really beginners.
Do you think it`d be wise to purchase a small property ($150-250k range - 20-25% down) in Ottawa (or on the Quebec side in Gatineau)? We would live in the property for a few months and then rent it while being posted overseas (3 years out of the next 5)?
My main worry is how to manage the property while abroad.
Since we`re new to the city, we don`t have any family/friends that we can rely on in case anything goes wrong.
A property manager would of course be hired but would this be enough?
Or would it be wise to wait and invest in papers instead? Are there any other alternatives we should consider?
Thanks for your help.
REIN seems like a really good network to be part of. I`m glad we found it.
- Vincent