Deal or No Deal? Would YOU buy this Vancouver investment property?

On this episode of Bamboo - Vancouver’s Property Management & Investment Podcast,we’re putting an investment deal under the microscope and you get to make the call before hearing the verdict. The property is a $270,000one-bedroom condo requiring approximately $20,000 in renovations, with an expected post-renovationvalue of $320,000, projected rent of $1,550/month, 20% down, and a 4.1%mortgage rate. Sounds like a deal, right? Not so fast. We break down the actual cash required, rentalincome, strata fees, property taxes, mortgage costs and the thinner positive cash flow before factoring in insurance, repairs, management and unexpected expenses. We also dig into the question every investorshould ask: “If I couldn’t refinance this property,would I still want to own it?” Finally, we look at strata documents, depreciation reports, potential special assessments, renovation costs, rentalassumptions, and whether this could be a longer-term play rather than an immediate Buy Renovate Rent Refinance Repeat aka BRRRR So… Deal or No Deal? Listen to the entire episode, run the numbers yourself, and decide before you hear our final call. Haze Hartwig - Host Facebook: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.facebook.com/hazerealtor⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Instagram: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.instagram.com/hazerealtor⁠⁠⁠⁠⁠⁠⁠⁠⁠ Website: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.hazerealtor.com/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Email: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠[email protected]