Cashflow in BC?

[Singh]

Hey I have been reading `Real Estate Investing In Canada` with a passion, when this book came out in 2002, this book was gold. I dont think its even possbile to find cashflow in the lowermainland, I have been looking for 2 months. Its like the most I can find is a property thats about $500 that I would pay.

Any help - please feel free to pm me, I am looking for joint ventures, investment groups, like minded mentors who can assist me in my real estate journey.

 

[DonCampbell]

Hi,

At the Vancouver Quickstart last weekend, Brent Robert team had a whole list of cash flowing properties in the Lower Mainland and Fraser Valley. Plus we do see a number of cash flow properties being bought by Members.

You may wish to contact Brent Roberts (a realtor based in Surrey) as he does extensive work with investors.

 

[EdRenkema]

I`ve been there, boy have I been there. Your greatest assett in this business is networking. Watch the forum, go to a Quickstart and/or join REIN. It took me a while to realize it but the benefits of REIN far outweigh the minimal cost. Don`t just take my word for it, ask others.

Ed R

 

[nepoez]

I contacted Brent Roberts last week and he told me that there are no cash flow properties in lower main land. He told me to look at Edmonton instead...

 

[Mitch Collins]

Hi Singh;

There is definately cash flow available in BC - it`s just a matter of where to look. For example, look at CMHC`s rental statistics - Greater Vancouver and Victoria have the highest rents in BC, while Fort St. John and Dawson Creek are in the 3rd and 4th spots on their latest chart.

This is at the same time properties in this area cost about half what they do down there, and rents are rising faster! Grande Prairie is also very similar, and should be able to provide cash flowing properties as well. If you`d like more information about the NE BC area, drop me a PM and I`d be happy to share some details!

Thanks - good luck!

Mitch

 

[Geoff1BC]

Hi Singh, I bought two properties in Kelowna, BC within the last 2 months. Both are producing positive cashflow. One is just over $200 per month and the second is about $600 per month. They are out there...just tough to find sometimes.

I think Kelowna is still doing well for the next few years but I would appreciate anyone else`s feedback on this area as a fresh perspective is always welcome.

 

[markl]

Hi Singh,

We do Lease To Owns in the Surrey Maple Ridge Area. Positive Caqshflow from the day of close on a single family home.

If you would like more information please email me. [email protected]

Regards,

 

[jarrettvaughan]

I just purchased a property with a JV partner in the Fraser Valley that will cash flow. I have also found 2 more that I am looking for partners on. They are definetly out there but can be a bit challenging to find. Go east and you will find what you are looking for. Venture outside of the GVRD and into the Valley.


If you are interested, I would be willing to create a deal to assign one of them to you or partner in purchasing them. I am looking for $22,000.00 - 25,000.00 investment for 50% ownership. 604-793-3669, [email protected]

 

[invst4profit]

Proof once again that there are cash flow properties everywhere.
This is the true advantage of networking.