Quote:
Originally Posted by unit
buying an apartment as a rental property hasn't been profitable in some time has it?
lets say you rent out a small unit in a good area for 2k/mo.
cost of the unit is probably around 600k.. not including down payments, your mortgage + insurance and strata would be somewhere around 3500/mo.
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If you're going that route, I think the 2 br 70's - 90's condos for < $400k might be within $100 - 500 in covering all the costs