All Forum Posts by: David Lade

@Stanley Kong

Yea, the gentrification of Brentwood mall area seems very promising along with the revitalization of Metrotown since Vancouver proper is too expensive . I believe some condo's near the evergreen out in Coquitlam have potential although no where near 1%. Although its not as bad as it once was East Abotsford doesn't have the most ideal tenants, but that's changing evrery year. I beleive the cootneys are promising for an initial cashflow on SFH and eventually I believe a lot of middle-class baby boomers will sell their 5m tare downs in north van and move out there during retirement, but I don't drive. Even with these niche's I still can't help but be drawn to the fact you can scoop up a condo for 80k and flow it for 1,000-1,200 in the states.

I think i'll be looking outside of Vancouver. The market is just not my thing, I'm really interested in some markets in the US at the moment as far as SFH go, Omaha in particular. Not sure what a good cashflow market is for condo's however. Maybe FL.

I'd hazzard to say that Vancouver cash flow is impossible, and with our new taxation on foreign investors even speculation (a game I would never play) seems to be too dangerous for most right now. It should be noted that It's likely I'll become an expat at some point, but looking at other areas of Canada outside of Ontario is definitely an option.

 Hey everyone. My name is David and I am a 25 year old male originally from Vancouver Canada currently bouncing around the world, currently in Japan. After recently exiting a lucrative startup I am left with quite a bit of capital for investing in real estate which is something I've always wanted to do.

I have been lurking on the forums for quite some time and I am definitely interested in 2 approaches to investing at the moment;

1) Buying condo's as cashflow investments (buy and hold) as close to an affordable downtown core as possible to also hit a potential appreciation, although I'm aware i should never count on appreciation but being from Vancouver its in my blood I guess. This investment type is appealing for multiple reasons. I do not drive for one and I would like to take a stab at PM to start and I think that condo's are a great entry point for that. I am aware of all the BS that an HOA can cause.

2) Buying distressed SFH, rehabilitating them and then refinancing them.

I've decided to join bigger pockets in order to begin networking as I believe it is the most important aspect of RE. Currently my focus is geared towards Condo's in the states and Japan as Canada is extremely hard to cash flow in at the moment. 

Thanks for reading,

David