14 Real Estate Investing Principles To Live By
The Canadian Real Estate Investor
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Number 10: Buy It Less Than Replacement Cost
Buying below replacement cost is more often the best indicator of value. When you own assets at less than replacement, newly built competitors will be at an inherent disadvantage. You can depreciate the value of a building by four and a half percent a year. The house in Cornwall that we just bought actually would be a great example; it was insured for 415,000 but worth 215 grand.
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