Clinton R
New Forum Member
- Joined
- Mar 26, 2017
- Messages
- 17
Hello everyone,
I've done a lot of research about New West for the past couple weeks and i love certain areas of New West and I believe they're quite promising in the next 5-10 years time period. However, i've been trying to crunch the numbers on different types of properties and have been unable to find cash-flowing properties. Many of these houses are older houses with smaller livable square footage on a bigger lot, which is not very favorable in terms of cash flow.
Does anyone have any experience on what type of properties provide positive cash flow in New West? It seems like the price of SF, suited houses have gone up quite a bit in the past 1-2 years. Rents in new west are still a bit on the lower side compared to other areas in the lower mainland, although i believe it'll slowly catch up soon.
Thanks in advance for the insights...
I've done a lot of research about New West for the past couple weeks and i love certain areas of New West and I believe they're quite promising in the next 5-10 years time period. However, i've been trying to crunch the numbers on different types of properties and have been unable to find cash-flowing properties. Many of these houses are older houses with smaller livable square footage on a bigger lot, which is not very favorable in terms of cash flow.
Does anyone have any experience on what type of properties provide positive cash flow in New West? It seems like the price of SF, suited houses have gone up quite a bit in the past 1-2 years. Rents in new west are still a bit on the lower side compared to other areas in the lower mainland, although i believe it'll slowly catch up soon.
Thanks in advance for the insights...