Updated almost 11 years ago on . Most recent reply
My First Post
Hello everyone,
Well I guess the time has come to dive in and start writing my first post. I've been reading with a lot of interest the amazing information that you have contributed to this site. What a fantastic community this is.
I live in Halifax, Nova Scotia and my wife and I have been looking at buying our first income property for about a year now. We have fallen victim to analysis paralysis. It's a combination of not being entirely sure what we should buy and thinking the next best opportunity is around the corner.
In order to help us through the process, I was hoping, though this first post, to ask a question. Would you consider buying a multi-unit property in a smaller community, with positive cash flow from the start, even if you knew that your property would likely not increase in value over time (or very little)?
I'm probably not giving you enough information to make an informed response, but I'm curious to find out what you think.
And thank you so much for making BP a wonderful business community.
Stephan