Investing in Southern Ontario
My wife and I are looking to buy our second investment property in Southern Ontario. We still have about $120,000 in capital to use and know that we can get approved for $500,000. We like Windsor and maybe Cornwall. Any other good locations or strategies that others have found profitable?
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@Ron Faller
Hi Ron, both locations have benefits for there locations. As Roy said St Kitts area is exploding and appreciation is great. With $500k you'd get a nice place. I can't speak the the cash flow as I'm not familiar with rents there. Scott mentioned Windsor, which I like, because for $500k you might find a 4plex and get great cash flow. Really depends on your motivation. Me, I think appreciation is speculation and should only be the icing on the cake. Cash flow is King in my books. At the end of the day both are good locations. I would also look at Hamilton.