Investment options
Hi folks!
First post here - Have been lurking for about a week, since I discovered this forum. Loving it as a resource so far!So, brief background - English guy living in Vancouver. I want to BRRR a few places to hopefully have 10+ over the next few years.
I have a place in the UK that I'm going to sell and use the money to invest. The Vancouver market has such a high market price I'm looking at areas in Ontario, however from reading here I see that it's easier to hit the 1-2% rent 'rule' in the US and as I could potentially transfer my GBP money to CAD or USD it got me wondering about investing in the States instead.If you were in my position and likely have to get teams together that aren't remotely local, what would you do?Also, if anyone has recommendations of areas local-ish to Vancouver that have a lower cost of entry and good for rental, I'd love to hear options.
First post here - Have been lurking for about a week, since I discovered this forum. Loving it as a resource so far!So, brief background - English guy living in Vancouver. I want to BRRR a few places to hopefully have 10+ over the next few years.
I have a place in the UK that I'm going to sell and use the money to invest. The Vancouver market has such a high market price I'm looking at areas in Ontario, however from reading here I see that it's easier to hit the 1-2% rent 'rule' in the US and as I could potentially transfer my GBP money to CAD or USD it got me wondering about investing in the States instead.If you were in my position and likely have to get teams together that aren't remotely local, what would you do?Also, if anyone has recommendations of areas local-ish to Vancouver that have a lower cost of entry and good for rental, I'd love to hear options.