What are the four questions I should ask myself before becoming a landlord?
Many people don't know where to start, but they do know they would like to become a landlord and invest in real estate. In this month's Surrey Report, Steve catches up with Rodrigo Robalino of the Re/Max Smart Choice Team in downtown Toronto to talk real estate investing. In this video, Rodrigo covers the top four questions you should ask yourself prior to buying an investment property.
In our statistics review, prices seem to be continuing along the government-driven downturn. The numbers of sales are lower this month than the last few consecutive months of May, as the stress test and vacancy taxes seem to be taking their desired effect. These facts are enhancing affordability across the FVREB and pushing Sellers to look for a quick sale.
Benchmark Prices: (Surrey Combined)
?Detached = $1,061,400 / 267 Sales
?Townhomes = $566,600 / 239 Sales
?Condos = $434,200 / 191 Sales
For the complete stats package, please visit http://www.fvreb.bc.ca/stats/