All Forum Posts by: Yulin Wang

@Roy Cleeves Thanks. NS looks interesting. Can you recommend some local realtors so I can find out more?

Hi All, I live in BC Canada and it just seems that the property prices around here no longer make sense for investment. Also looked at WA and OR and they both are getting out of whack. I was encouraged to break the geographic barriers so here I am. Would love to connect with some real estate professionals in Kansas to explore investment opportunities.

Would love to find out:
Why are property prices so low and rental prices still decent?
How are vacancy rates especially during the pandemic? Are your tenants still paying? (In BC there are talks about eviction ban and rent freeze until the end of the year - it's a tough life landlording here that if you buy now for most properties rent barely covers mortgage and property taxes...)
What challenges have you encountered with investing in the Kansas City?

Thanks, Yulin

@Account Closed Thanks for the insight. I'm also eyeing out northern BC like the Prince George/ Prince Rupert/ Terrace strip. Will need to do more research and call up some realtors/ property managers in the areas before making a trip up :)

Hi my fellow Canadians! I was wondering whether any of you have experience investing out of province within Canada or across the border in the US. Looking to buy a multi-plex with a maximum 200k down (including down payment, closing cost, renos, etc.). I'm located in lower mainland and clearly priced out. Been looking at Kamloops/ Kelowna BC and can't even find anything that fits the bill - never mind the crazy bidding wars going on all over the place. It seems like the only options are either out of province or across the border.

Here are some of my thoughts: Washington/ Oregon states are still accessible by car once the border opens back up, prices look workable, but definitely raises challenges in financing and taxation, as well as poses exchange rate risks; out of province - the closest would be AB and that's further than a weekend quick trip, while any other provinces would definitely require flying which I would much rather avoid (husband is extremely afraid of flying lol).

Care to provide some insight if you have experience investing out of province or across the border? Thank you!

Would be interested in a meetup! I'm in Langley.