Need your input on this pre-construction in Kitchener ,Onatrio
I have a condo town house pre-construction and to be completed in late 2022, the price is 400K , based on 2000 rent and 25000 closing fees the cache flow will be -143 per month , now I know it is in negative , but my bet is more on price appreciation, also the hope of rent will go up in couple of years and it will turn to positive. Now I clearly know buying real estate with positive cache flow is the ideal situation, but that is not option for me in Ontario with <20% down payment .
I know nobody know future and all said here is opinion , but from your experience, knowing this realestate is in Kitchener Ontario , do you think it is good investment for buy and hold ?
