Quote:
Originally Posted by 320icar
Use the money to buy a new apartment. Charge rent the same as the mortgage payment. Just about everything in a new build has a 10 year warranty so as a landlord it’s pretty low risk. Sell after 10 years and bank the appreciation
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I don't think there are any cashflow positive condos in the lower mainland right now are there?
$100k > $500k condo > Mortgage will be around $19xx before taxes, strata, insurance.
https://gyazo.com/3fea8442e623176305d599f54ae09cb9
I'd toss it into VTSAX(Total Market ETF) if you don't need the money for 4-5+ years. Despite the possible bear market incoming soon.