Time to invest in real estate?

[sweetpear]

http://www.canada.com/edmontonjournal/news...87-f7e5a7547dc1

According to this article, this summer or fall would be the time to enter the market, say if I am thinking of buying a house in Orlando or San Diego and renting it as vacation home?

Any suggestions? Because of the better exchange rate with USD and price drop, it seems better to buy in the States, right?

 

[navaz]

Understand that there are no perfect buying or selling opportunities -there are pro`s and cons. In addtion there are cross border taxation issues. Take a look at the fundamentals -is the population growing? are new jobs being created? are people`s earning going up? are companies investing? what is your objective and time frame? If all those line up -yes then there may be a buying opportunity, if not it is not!

 

[sweetpear]

Thanks for the inputs. But I guess I am still lost as I was... So, if I want to invest in real estate, where should I look? One thought is, I am thinking about living in Vancouver after I retire (in 15-20 yrs). so maybe buying a condo over there?

 

[GarthChapman]

Suggest you read Don Campbell`s book, then set some goals and begin from there.

Real Estate Investing in Canada: Creating Wealth with the ACRE System by Don Campbell
http://www.amazon.ca/Real-Estate-Investing...9115&sr=8-1

By the way, buying in the US creates a whole new set of complications. If you decide to do that send me a PM and I will recommend a book for you to read first.

Hope that helps get you started,

 

[KevinSolomon]

[quote user=sweetpear]Because of the better exchange rate with USD and price drop, it seems better to buy in the States, right?





Yup!

 

[Thomas Beyer]

Complex problems have simple, easy to understand, wrong answers.

 

[Neil1]

Sooner or later you will find out that when you never sell, there is no better time to buy.