Updated over 4 years ago on . Most recent reply
Investing in Vancouver
Looking to buy a condo maybe in Olympic Village Vancouver for 500-600k. Want to rent it out as a short-term rental or airbnb. Probably cashflow negative, but I want to try something. What do people think?
Most Popular Reply
Why would you buy it if it is cash flow negative? Keep in mind that it will require time, effort, risk, and maybe even a bit of stress.
It is up to you to decide what makes sense for you, but just buying something for the sake of buying something to the tune of half a million dollars doesn't make a lot of sense.
If it were me I would be patient and look for a deal.