I have about 50K in pounds to invest, Where, when and what is best to invest in, I have access to expertise, barrels of enthusiam and that amount would be a completed price as I don’t wish to have a mortgage. Any useful property websites would be great. I am considering buying to rent and buying to renovate to sell.

I live in Canada and I think the economy here is well. Now I am planning on buying and flipping a house for the first time. Would it be better to buy a house or condo? Also if I pay downpayment on a house/condo that is still under construction, and then decide to withdraw from the transaction, are there any risks involved? When the house/condo is complete and the value has gone up or down, will I always get all my money (downpayment) back if I decide to sell? And in terms of returns, what is the median percentage I could expect to make flipping the house/condo in let’s say a year?

I talk with people young and old on a daily basis and most say a home is a great investment. However, I’ve found that the older
owners will never see there investment as they die with the home only to pass it on to there kids or relatives, thus in my eyes they never seen their investment they died with it? As for the younger folks, they talk of buying and selling for a profit only to buy a bigger home, a home in which they will most likely die in someday as the older folks a referred to above. So is a home really great investment or a giant material mass that you die with?

Most of my friends are living to pay off there mortgage. While I take vacations and enjoy my fleeting youth. I think people fail to invest in there life and soul……