Quote:
Originally Posted by IGTBAR
Here's a question - considering how crazy the market is, would any of you sell a 1 bedroom condo in Burnaby now, and eat the approx $8k cost of early mortgage repayment penalty? Or wait it out?
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What's wrong with keeping it as a rental property? If you bought it a few years ago, chances are with the current rental market, you'll be able to keep it cash flow positive for a while. Most of the buildings in Brentwood are coming up to the 10 year mark now, so there shouldn't be too many issues for the next 5-10 years. The 20 year mark is when the big things come up, such as new windows, new elevators, etc.
If I recall, you and your husband are high income earners. What's wrong with a bit of exposure to real estate in your portfolio?