Hello Everyone,
So I have been looking into RE in Calgary for a while now (7 months) and have a little question for the experts. I notice that the cash flow on rental properties in the not so good areas of town (Forest Lawn etc) are better than say the South Calgary area since the houses are much less and the rental income is moderately lower. My question is does the fact that South Calgary has a lower vac rate (I assume this, correct me if I am incorrect) and have better tennants (also an assumption) negate the fact that the cash flows are better in a worse neighborhood? Basically are you investing in Forest Lawn or South Calgary? This is going to be in the context of a duplex for the sub $600K range, would be sub $470 in Forest Lawn. Also will appreciation be equivalent or at least within a few %? Trying to get the better accuracy of potential cash flow in both areas.
thanks for the input,
Aiden
So I have been looking into RE in Calgary for a while now (7 months) and have a little question for the experts. I notice that the cash flow on rental properties in the not so good areas of town (Forest Lawn etc) are better than say the South Calgary area since the houses are much less and the rental income is moderately lower. My question is does the fact that South Calgary has a lower vac rate (I assume this, correct me if I am incorrect) and have better tennants (also an assumption) negate the fact that the cash flows are better in a worse neighborhood? Basically are you investing in Forest Lawn or South Calgary? This is going to be in the context of a duplex for the sub $600K range, would be sub $470 in Forest Lawn. Also will appreciation be equivalent or at least within a few %? Trying to get the better accuracy of potential cash flow in both areas.
thanks for the input,
Aiden