Investment options

[Robin Brown]

Hi folks!

First post here - Have been lurking for about a week, since I discovered this forum. Loving it as a resource so far!So, brief background - English guy living in Vancouver. I want to BRRR a few places to hopefully have 10+ over the next few years.

I have a place in the UK that I'm going to sell and use the money to invest. The Vancouver market has such a high market price I'm looking at areas in Ontario, however from reading here I see that it's easier to hit the 1-2% rent 'rule' in the US and as I could potentially transfer my GBP money to CAD or USD it got me wondering about investing in the States instead.If you were in my position and likely have to get teams together that aren't remotely local, what would you do?Also, if anyone has recommendations of areas local-ish to Vancouver that have a lower cost of entry and good for rental, I'd love to hear options.

[Elliott Sulz]

Hey @Robin Brown , welcome to BP! I'm currently invested in Nanaimo here on Vancouver Island, and I think it's a great up-and-coming market to be in. Much cheaper than Vancouver or really most places in the lower mainland, and also mostly cheaper than Victoria (though you can also find cash flowing deals there). I'd say though that if you're going to be living in Vancouver, I would look into investing in the states as much as I would investing here on the island. The ferry is kind of a hassle, and especially if you have to be going back and forth fairly often it's not cheap. Might be just as easy/profitable to invest in the states. 

Also if you're interested in ontario markets, I have a buddy who's currently digging into those from long-distance as well, I'm sure he'd love to chat with you about it. Shoot me a PM if you're interested and I'll send you the details :)