Advise with pur condos

[Elizabeth Gregorio]

Good morning guys! We need advise inregards with condo units here in BC. 

we have condos that are currently getting rented right now but not cashflowing due to high strata fees. 

we're planning to sell our condos and pivot in buying single homes. Is that a good strategy? 

Can we even sell our units even if someone is living in it? Still under contract.

[Chris Baxter]

@Elizabeth Gregorio it's likely not just the strata fees that are causing negative cash flow, but also the low rent to price ratio. Regardless, you are providing subsidized housing for your tenants if you aren't cash flowing.  SF in the lower mainland isn't going to be any better unless you can create legal duplexes. Consider looking at other markets where there is no rent control and where the numbers make more sense.