All Forum Posts by: Elijah ROberts

I think it depends on your goals as well. At least in my experience, cash-flowing properties are typically in less desirable neighborhoods. If you are buying in an excellent neighborhood, you might struggle to find a cash-flowing property. It might just be you are trading some cash flow for better appreciation in the long run.

That's Exactly my Problem. I haven't looked outside BC or other provinces simply due to my schedule. I might have to look at other less desirables. Only concern is that even after getting 2 more, I'm afraid I might still have trouble getting the big banks do it for me.

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Vancouver, British Columbia

Quote from @Anthony Therrien-Bernard:

Quote from @Elijah ROberts:

I looking at scaling up my portfolio holdings and wondering if anyone knows of a better strategy is this high interest environment. I have 3 rental units so far with tenants in them; I've looked at getting another condominium to make 4 units, but the bank would literally need me to put down about 40% as down payment to ensure its cashflow positive. Any thoughts?

To me, it sounds like you are probably buying the wrong property. I know Vancouver is probably very hard to cashflow positive if that is where you are investing. There are other markets like Alberta for example where you can find cashflowing properties for example semi-detached or detached houses with basement suites, or 4plexes. We just closed on a property that cashflow positive and the lender had no problem with 80%LTV

Thanks for the insight! I haven't looked at AB markets, I'm mostly on Vancouver Island for proximity. I don't think its the property, but the Market. I'll keep other markets in Mind!!

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Vancouver, British Columbia

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Vancouver, British Columbia

All Forum Posts by: Elijah ROberts

Elijah ROberts has started 1 posts and replied 13 times.

Post: Scaling up from 3 portfolios to 10 or more.

Post: Scaling up from 3 portfolios to 10 or more.

Post: Scaling up from 3 portfolios to 10 or more.