Saturday, July 3, 2010

Merritt


For a long time Merritt was just a dot on a map, and a sign on the Coquihalla Highway, which we were passing every time when were going for our traditional Christmas vacation with children to Fairmont Hot Springs. Later, when we were passing it through on a way to Sun Peaks, where we bought a ski chalet, Owl's Nest. At that I became a interested in real estate. Richmond, where we lived then, did not promise any positive return on investment. Neither did Lower Mainland, or Abbotsford, or Mission. That's how I came to the Interior, just to discover that Kamloops or other big cities in the Interior would not fit into my investment criteria either. The price of real estate was too high comparing to the rental income, which could be obtained from the property. Then one day we decided to stop in Merritt and check it out. It did not take us a day to find a property which would perfectly fit into my investment criteria. It was a triplex on Pine Street. We made an offer, and after a short negotiation, quickly bought it. That's how our Merritt saga began.

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