All Forum Posts by: Christopher Leong E

@Jason Shackleton @Roy Cleeves with my budget of ~$300k, It seems very difficult to find an adequate cash flowing property in an area known to appreciate. 

So, I'm wondering if I should just grab a property that has a decent cashflow, but in an area with little to no appreciation or continue to wait it out in an area that is more known to appreciate. 

I'm leaning towards just getting a cash flowing property... Probably because it'll be my first property and I just want to get my foot in the door.

@Kevin Sobilo

That's a really good point. All of my uncles and aunts have houses in Vancouver and they have over $1M in equity in the house, but to access it they'll have to take a loan out and pay it back.

Cash flow can add so much value, pretty much everything you said. 

I'm looking to buy my first investment property. 

I found some rentals in Alberta and Sask., but the appreciation in these markets are close to zero.

Provided they are cash flowing, are places like this still favourable? I am assuming 0% appreciation. I understand there is forced appreciation as the my mortgage is being paid down, but is that good enough?

Should I avoid places where appreciation is flat or close to zero? or if the cash flow is positive, that should be good enough?

My goal is to expand my portfolio and increase our wealth as a family. I want to get an investment property because I like the idea of leverage and I guess in 25 years i'll have a small cash cow or I can sell the entire property for a lump sum and use that to help fund my retirement/other plans.