All Forum Posts by: Maksu Ize

@Brock Bonnicksen

Spend 10 minutes, and educate the tenant what does NOT go down the drain.

Theres only 2 items that should be going down.

Great read, lots of endless information.

Also looking at a property in Nanaimo, interested in picking up a house and renting it out.

As for the topic of positive / negative cash flow: nothing wrong with negative cash flow in Vancouver. This is not america where properties idle in price, but you can be cashflow positive. 

Almost all properties purchased in Vancouver today, are cashflow negative at 20% down. Its simply impossible to find a cashflow positive property today. Like others have said, your banking on the property appreciation. Two completely different markets, and its okay to be cashflow negative.

At the end of the year, your mortgage is still being paid off, and thats a win