If you’re a newer house flipper, you have probably heard about the 70 percent rule. Here’s your guide to the investing rule that can prevent you from spending too much money on an investment.
Grosses-Roches Home Price
Across the country as a whole, Grosses-Roches is in the cheapest 20% when all of Canada’s suburbs are listed in order of real estate listing prices.
The $92,700 price tag on the median Grosses-Roches home means that it is very cheap in comparison to the rest of the nation.
2 bedroom properties are the most common available for real estate investors this month in neighbourhood.
Quebec has the second most amount of properties available to property investors, with Grosses-Roches having 703th most in the province, out of a total of 1047.
As one of Quebec’s many potential real estate investment neighbourhoods, Grosses-Roches needs to be carefully researched before investing in – and remember to check especially the locations within an area before spending - the old estate agent’s mantra of location, location, location has never lost its importance.
In Grosses-Roches, housing stock has stayed the same over the last three months, which would tend to mean that home supply and demand are equal.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Grosses-Roches will hopefully provide an indicator to help you where to research in-depth
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