11 responses

  1. Miss T @ Prairie Eco-Thrifter

    If you ask me location is the most important. You can always fix up a house to look like how you want it but where it is really matters. No one wants bad neighbours, a lack of safety or to have to drive for an hour to get anywhere. When we bought our house, location was a huge factor.

    • Shaun

      My grandparents have always said to buy the worst house in the best street, I think it is pretty good advice.

  2. cashflowmantra

    Location is important but so is buying at the right price especially if you want to profit. Obviously getting into a bidding war is not a good idea.

  3. krantcents

    I don’t think I have the vision for Real estate development! Ehen I bought income property, I tried to buy the best location I could find at a price that made sense. For me it is all in numbers.

    • Shaun

      To be really good at it I think you do need to have a passion for real estate, vision can be learned over time but some people are better at it than others.

  4. Shaun @ Smart Family Finance

    Location and style. A house needs to be the right fit for the community. You don’t want a three story in a market of retirees.

  5. My University Money

    I’ve always shied away from investing in real estate because of the high pain-in-ass factor that it has. I do invest in REITs within my portfolio in order to get widespread exposure to real estate.

    • Shaun

      It can be a nightmare if you get the wrong tenant or a house full of problems, which is why I think new houses with higher rents are generally a better way to go. As you say though, you don’t really have to buy a house to invest in property.

  6. Ron

    Another thing to aspect to is look at is future interest rate movements. When the fed will move rates up the national housing values are set to fall. It would be bad timing to buy a new property just as the entire market embarks on a new downward trend.

  7. Doctor Stock

    Great ideas… depending on the market conditions, you may need some extra strong incentives for people coming in to look. Sometimes, location or yard size, etc. can be that stand out feature.

  8. YFS

    For a property developer it is location location location. For a income property the “bad locations” are typically the areas with the best cap rates. Great post none the less

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