Great question. Even though this question is 4 months old. It's great to see that someone sees the great opportunities there can be in real estate. The numbers must work to cover your costs or at least most of them. Even if you couldn't cover the entire mortgage and say you had to pay $100 or $200 of your mortgage thats still ok. The point is to get it rented out. There are great deals to be had. You just have to be patient. I would also suggest that you get the financing taken care of before you hit the streets to search for your new investment. The last thing you want to happen is to find a great deal but lose out to some other buyer who already had their financing already in place. I work with investors all the time and know this area very well. I'd love to answer any further questions you may have. I hope this helps.
RE/MAX ACTION REALTY
the typical rent price for a townhome in that area is between $1,500 and $2,000 per month. Depending on how much you're paying for the property, you might barely break even. But if you want to see all available listings in Ridings of Northampton, please visit the following page on my website.
... and if you have any questions, please don't hesitate to contact me.
Iris Segal, Century 21 Alliance, e-mail address is firstname.lastname@example.org