Quote:
Originally Posted by riff raff
I believe long term condos will be a good investment. More and more people can't afford to buy homes, hell some can't even afford to buy condos because they can't come up with the down payment so they're renting. The thing with condos is it's all about the area and the building. Downtown is a no brainier if you're looking for a good investment with a nice monthly return but even in DT the monthly rent varies quite a bit depending on the area. If you're in and around YT than you'll get a nice rental income and you won't have issues renting. other parts it's harder to rent.
I own a few units right now in DT, my goal is own at least 10 rental units within the next 5 years and expand outside of DT into Richmond, Burnaby and other parts of Vancouver.
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How old are you if you don't mind me asking.