New to this, starting in Vancouver BC Canada. Looking for help

[Ryan Valdes]

Hi there, I am a firefighter in Vancouver, and have been wanting to get into real estate investing for a while now, but prices here are very expensive with mortgage rates that can only be fixed for 5 years. Is there anyone here who is doing real estate investing and is able to help? 

My wife is American, and we have been thinking of looking at doing some down there as well but unsure how that would work. 

Thank you,

Ryan 

[Account Closed]

Originally posted by @Chris Baxter:

Hello Ryan,

Metro Vancouver is not a great place to invest for cash flow unless you really want to under-leverage (i.e. large down payment).  Our biggest challenges are 1) tenant friendly (impossible to increase rents to keep pace with market) 2) High price per door 3) Poor rent to price ratio 

If your approach is to gamble on appreciation, Metro Vancouver may be a fit, but I've found better overall returns elsewhere.

I second that Chris, that is why I'm looking at other markets, where are some markets that you have found success in outside of Vancouver? Currently I'm looking at chicago ill. and columbus ohio.