Cash Flow in Suited Properties

[nepoez]

Hi all,

As my last post stated, I`ve changed my strategy to start looking for suited properties(from town houses as they won`t cash flow). I wonder what a sweet spot is, as looking for an up-down suite I`d think you`d expect about 1300 up, 1000 down, and anything past 350k would give a negative cash flow, like this last one I analysed here:

http://myasset.no-ip.org/realPort/asset/ed...11db08eabaf0017

And anything in that price range is usually pretty crappy too. Would you guys think that if one goes for suited property, he should look at something much bigger, like a triplex 4-plex that`s 700k giving 4k/m or is there still good market out there for 2-suiters.

Thanks again,

Nepoez

 

[Thomas Beyer]

Indeed ..

Hence, usually smaller centres, like Airdrie, StonyPlain, Okotoks, Camrose, Chiliwack, Spruce Grove, Wetaskiwin, .. i.e. smaller urban hubs close to big cities with big city rents (and often lower vacancies !!) but small city house prices may more sense !

 

[nepoez]

Perhaps the banks will offer prime again later...

QUOTE (thomasbeyer2000 @ Nov 19 2008, 09:18 AM) Indeed ..

Hence, usually smaller centres, like Airdrie, StonyPlain, Okotoks, Camrose, Chiliwack, Spruce Grove, Wetaskiwin, .. i.e. smaller urban hubs close to big cities with big city rents (and often lower vacancies !!) but small city house prices may more sense !