Cash flow properties near Vancouver, BC

[Victor Zhou]

Hello all! 

My name is Victor, and this is my first posts at BP! Great to see so many like-minded people here for real estate investing!

I am searching for cash flow properties near Vancouver, BC. As the Vancouver market has been red hot, I wasn't able to locate any cash flow positive property. I am a big believer that cash flow is king, and it is the best risk mitigation factor in real estate investing. I currently have some spare cash that I want to invest in one, but I want it to be relatively close by, so I can better manage them.

I am wondering where will be the best cash flow properties close to Vancouver? I saw people mentioning Nanaimo, Kelowna, Comox, Prince George, and south of the boarder (Seattle?). Which one of them are the best?

Thank you so much in advance! I am excited to be part of this forum!

VZ

[Patrick Britton]

@Victor Zhou because Bellingham does not have a plethora of MFRs, to give an average would be misleading.  Let me say that it's not uncommon to get 5% - 6% cap rate in Bellingham and a little higher in the surrounding towns.  To cash flow down here is much, much easier than the Lower Mainland.  Connect with me offline and I can give you a couple of examples of the better deals to be found down here.