Long Term Gains in Real Estate
Reading an article about the Queen Victoria Hotel in Victoria that was sold last year for $19.25 million.
It was built in 1965 for $650,000.
Sure there has been investment added in the interm.
But that is how to make money in real estate.
Buy a good location; earn a cashflow and give it time.
I see this over and over. People who give their real estate time; make money.
Site design is Copyright© 2013 myRealPage.com Inc. All rights reserved.
The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.
MLS®, REALTOR®, and the associated logos are trademarks of The Canadian Real Estate Association.