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Investing in property: a young person’s game?
January 9, 2012
You buy a duplex, get a mortgage, find tenants and collect monthly rent cheques. What could be easier?
With stock and bond markets spinning their wheels, many Canadians are looking for alternative places to park their money. And while buying an investment property might seem like a good way to diversify, you should do your homework before jumping into the housing market.
"Real estate investing is not for everyone," says Vancouver-based Don Campbell, president of the Real Estate Investment Network.
"You cannot do it sitting in your basement in your pyjamas, like you can when you trade stocks. When you buy a property, immediately upon getting the key, you are running a business."