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Updated 10 months ago on . Most recent reply

User Stats

7
Posts
2
Votes
Amy Kim
  • Investor
  • Orlando
2
Votes |
7
Posts

Keep it !? or sell it !?!?!? Jesussss

Amy Kim
  • Investor
  • Orlando
Posted

Hello folks!

I have a condo in Vancouver, Canada.

It cashflows CAD $13/month.

I know.. sucks..

I bought it $373k in 2018, and now similar units are sold for $450k. 

The tenants are awesome.

But mortgage maturity date is coming this June. Now, our rate is 3.5% but I'm not sure what rate I would get then. (Canada has a bit different mortgage system. We chose 2 year renewal thing..)

I think we need to sell. But my husbi wants to keep it as he thinks it'd appreciate gradually. 

Any recommendations please..

If we keep the condo, then we would need to pay mortgage as it minus cashflow...

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