Updated over 7 years ago on . Most recent reply
Potential province move. As good as it seems?
hello you smart real estate investors!! I have been running over this scenario and it just seems too good to be true so im hoping for a third party to guide me further.
We currently live in Ontario Canada with two duplexs. One currently worth 350k and our farm currently worth 700k. The duplex cash flows $600 and we live in one side of the farm but the other brings in $1400.
We are very seriously considering moving to New brunswick. Property over there is much cheaper, our dream home which trumps our current is $200k. There are also rental properties starting at $45,000. The one i have just budgetted would cash flow the same as our $350k duplex here. My only concern being appreciation values as we seem to be going up serious percentages here in Peterborough Ontario and there is just no way NB has the same rate of increase. That said...i could sell our duplex here and buy our dream home outright, buy a duplex perhaps two and then sell our farm and invest it in NB. helping us to perhaps semi retire??
What am I missing here?
Im open to all suggestions, negatives and go for its!
Big move with two kiddos under two but much better lifestyle for our family.
Much love!!
Charlie