All Forum Posts by: Suzanne Laird

Wow!!! Can I reach out to you?? I want to learn how to do this!! I have the downpayment.

@V.G Jason how so very helpful of you.

@James Hamling Amazing response, I love it! thank you so much for the analogy. 

Thanks @Christopher H. I'm hesitant to look into Edmonton because I don't know the neighborhoods well enough but I have to admit those fourplexes that seem to be everywhere are enticing. I know Saskatoon so I feel more confident looking there. I would love to buy in Chilliwack, closer to where I live but that would be a gamble for sure, it would be tough to make it cashflowing. Anyway, thank you for taking the time to respond to my query. 

@Vincent A. Hey Vincent, thanks for the response. I have a duplex in Saskatchewan, Prince Albert and it's been hard. It cashflows nicely but it barely appreciated in the last decade and the tenants have been rough. I'm looking at Saskatoon because I'm originally from Sask and now the areas. I have been looking in Edmonton as well but again its not an appreciative market but it cashflows. Do you think I'm better off looking in AB or SK rather than Chilliwack or Abbotsford? It would be negative cashflow but just until the rates go down.. might be able to risk it. Or get a condo instead of a detached house with more down payment. Just feels like a waste of my cash though. Anyway, thanks for the response. It's a hard decision to make!

Thanks @Nick Sansivero, I appreciate the feedback. My problem is that there is no positive cashflow in the area I'm looking at that has good appreciative value (West coast homes) that's why i'm looking to go east (midwest) where it can cashflow but it doesn't have that same appreciation as the westcoast. So, I'm a bit stuck on what to do. 

I've been debating this for so long and I just can't decide what's best. I live in Greater Vancouver, Canada.. Would it be best to invest in a non-appreciating duplex that cashflows well (in Saskatoon or Edmonton- compare to midwest for US folks) or a non-cashflowing detached home in the coastal region of Vancouver area (think Seattle!) where there is tons of appreciation but NO cashflow. We would have to supplement the rent for a few years, but these properties are million dollar homes with great value. I'm so torn. what would you do? We have a decent amount to put in for a down payment (200k) but would stay with the 20% downpayment if going with a cheaper property (400-600k). We want to maximize our money to go as far as possible. Help please!! thank you so much for any responses!!!