All Forum Posts by: Victor Zhou

@Kash Jawed  For low rises, do you mean that you are looking at multi-family?  you have mentioned that it's around the same.  Is that the cap rate of around 0.7-0.8%?  I think 07-0.8% is normally good enough for cash flow purposes.  

@Nathan Chase  @Luc H.  For sure!  I work in downtown, maybe we should grab a coffee or lunch sometime and share our research?  Luc, how's your Edmonton place coming along?  What's your rough cap rate for the property that you are closing in Edmonton?

I am interested in Edmonton and the island as they are still the capital, so the medium income will support rental income / growth.  I am a bit more interested in Edmonton as it's more isolated from the Vancouver market.  It will be a better hedge compared to the island as the island's price is somewhat correlated to Vancouver.  I have a place in Vancouver, so I don't want my net worth to cut in half by one single event, being the crash of the Vancouver housing market.  

@Kash Jawed What about residential rental?  Is the vacancy that high as well?  For cap rate, will it be able to achieve like 0.7 or 0.8% as a rough ball park in Edmonton?  My impression is that housing price took a bit hit after oil price crushed a few years back.  Is it still in a down market (buyers' market)?  

@Kash Jawed  Thanks for the suggestion.  Do you know what's the core industry there, and if there are any up coming plan for Hamilton and St. Catherine?  

I am looking at Ottawa and Edmonton.  Research from the web suggests that their average home price is now.  I am sure a government town paid decent?  Not sure...  Anyone from Edmonton and Ottawa can comment on their income property potential?  

Hello fellow Canadians, 

I had been investing in US mainly due to their good web infrastructures on finding deals and managing them through property managers.  However, with the financing structure of being a Canadian and tax filing requirements, I am looking for a Canadian location that has potential and cash flow.  I live in Vancouver, so the Greater Vancouver Area is totally out of the equation.  I am not as familiar with other parts of Canada, so I am excited to learn more!  

Hopefully this info will be useful for other Canadians as well as it's not easy to navigate through all the financing and tax complications.

Thanks, 

VZ

Hi both!  I don't live in Kelowna (live in Vancouver), but I am wondering what's the market like in Kelowna?  I am wondering if it is a good location for buy and hold and if the cap rate there meet the 1% rule?

@Patrick Britton

How's the price to annual rent ratio in Bellingham?  Vancouver is up in the 30s, so it is almost impossible have positive cash flow.  Would love to have more info on Bellingham!

My friend just mentioned cross-boarder shopping, and I am thinking if Bellingham will be a good target as it's quite close to Vancouver, just south of the boarder?

@Tom Stromar

We are open to SFD/MFD/apartments and any other vehicles that can have a good cash flow after management fee/factoring reserves and vacancy rates.  

For the properties you mentioned north of Victoria, are you referring to Nanaimo, or any specific town?  What are these properties going at roughly?  We are looking to get something before the year-end.  

Thank you for the sharing again!!!

Hello all! 

My name is Victor, and this is my first posts at BP! Great to see so many like-minded people here for real estate investing!

I am searching for cash flow properties near Vancouver, BC. As the Vancouver market has been red hot, I wasn't able to locate any cash flow positive property. I am a big believer that cash flow is king, and it is the best risk mitigation factor in real estate investing. I currently have some spare cash that I want to invest in one, but I want it to be relatively close by, so I can better manage them.

I am wondering where will be the best cash flow properties close to Vancouver? I saw people mentioning Nanaimo, Kelowna, Comox, Prince George, and south of the boarder (Seattle?). Which one of them are the best?

Thank you so much in advance! I am excited to be part of this forum!

VZ