Investor · Vancouver · Member since 2017 · 44 posts · 9 votes
There just seem to be better deals and better positive cashflow in the united states. Has anyone here invested into American property on their own? Or have you worked with another JV partner who lives in the states to make it happen?
Unfortunately, being from Vancouver BC - getting into the investment game here is out of my current reach.
I agree, from browsing the american side of this forum it seems like the ROI and cashflow is fairly high in some parts of the states, especially in the 50k-100k price points a lot of people are talking about.
I haven't personally invested south of the border but I do know of a few fellow investors that have had success investing in the florida markets. Investing in the states obviously comes with its major risks. You cannot actually monitor your property so you had better hope that you have an A+ property manager. Also, not only are you monitoring your property & market performance, but you also have to take into consideration the exchange rate, especially at the initial buy or final sales point. That being said there is more than likely some spots where you can make a lot of money, just depends on your risk and tolerance levels.
Have you invested in any of the BC or Alberta markets? Have you found any areas maybe slightly outside of BC that are cheaper and have greater potential for cashflow? I'm not sure about this forum, but I know on the REIN forums there are a lot of investor from out west. May be beneficial to try and link up with a few!
@Troy Pirsich thanks for your reply. I agree about monitoring your properties from 1000's km away is a bit worrisome. Another alternative would be to JV with someone who lives in the state side so at least 1 partner isn't too far to keep ane ye eon it.
I have a property out here in BC Vancouver, but that wasn't done deliberately to be an investor... good thing I lucked out on appreciation, but to get into the market here for a neutral cashflow or slightly positive just doesn't make sense to me.
I do plan to attend some upcoming local meetups and check out the scene (first time!)
@Jessey Kwong Don't completely ignore your own backyard. You have a unique opportunity for lease options. Since the average home price in the GVA is above $1 million, they don't qualify for CMHC insurance, which means there are lots of people who can afford the payments but can't get the $200k+ together for the down payment.