Quick background. I have been approved for a max purchase price of $250K with a 20% down payment. This will be my second investment property.
I am torn between buying an apartment in east vancouver or a house in a neighbouring community like Chilliwack or Nanaimo. Does owning a piece of land really matter if the property cash flows? It seems owning land would be better than owning a portion of a property.
Thanks for any feedback.
I am torn between buying an apartment in east vancouver or a house in a neighbouring community like Chilliwack or Nanaimo. Does owning a piece of land really matter if the property cash flows? It seems owning land would be better than owning a portion of a property.
Thanks for any feedback.