Best areas to invest in buy and hold on Vancouver Island
I'm curious to hear from other Vancouver Island investors to see if you have been able to locate any buy and hold opportunities with cash flow? I'm over in Courtenay and not having much luck here lately. My wife and I bought a 1/2 duplex last year that brings in a bit of cash flow @ 20% down with a conventional mortgage, but not enough to get really excited about. I'm still keen to find something here but am starting to look a bit further afield on the island. There seems to be opportunity in Port Alberni, but I wonder about it's population stability. Nanaimo and Parksville seem to be a bit expensive after a good run up, but what about the Cowichan Valley? I'd love to hear from anyone else around who is doing buy and hold and/or BRRR. What are your numbers looking like? Do you have an awesome contractor to recommend? Let's see some Vancouver Island content on the blogs!