Should You Still Buy a Rental Property in Vancouver? | the Vancouver Special Podcast
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- Опубликовано: 21 авг 2024
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In the second episode of the Vancouver Special Podcast, hosts Hasan & Michelle discuss all things regarding buying a rental property in Vancouver.
From how to choose the right property, to how to select the right tenant, and tips and tricks for navigating the Rental Tenancy Act, this episode will leave you more prepared to purchase your first rental.
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Also, don't forget to hit the "Like" button if you learned something from the video as well.
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Looking to buy or sell real estate in Vancouver, Burnaby, New West, or its surrounding areas? Connect with me through any of the channels below :)
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VIDEO RESOURCES:
🔹 Costs To Buy A Home in Vancouver, BC: • 🏠 Costs To Buy A Hous...
🔹 How To Review Strata Documents: • How To Read Strata Doc...
🔹 Soaring Strata Insurance Costs - Explained: • 🚀 Soaring Strata Insu...
🔹 Top 5 Places to Live In Vancouver, East BC: • TOP 5 BEST Neighbourho...
🔹 Top 5 Places to Live In Burnaby, BC: • TOP 5 BEST Neighbourho...
🔹 Top 5 Places To Live In Surrey, BC: • Top 5 Places To Live I...
🔸 Download my Mortgage App and find out for yourself, how much you can afford: cma.me/hasan-juma
ABOUT ME:
I am a real estate agent in Vancouver BC, licensed with Oakwyn Realty Ltd., and am currently working with new clients in Vancouver, Burnaby, New Westminster, Surrey, and other areas of the Lower Mainland of BC. Send me a message if you are looking to move to the area, I've lived in the Vancouver area for over 35 years and know all the ins and outs of the local market!
Please Note: The views and thoughts expressed in this video are my own thoughts & opinions, and this video is designed to be educational and insightful in nature. As every person's real estate journey is different, I recommend you connect with your real estate agent and/or mortgage broker of choice to get more specific real estate advice based on your personal situation and goals.
I really enjoy your podcast!! I'm glad I found it. Also thanks for having it on apple podcasts, super convenient. Also the RUclips format is great too.
Thanks so much!
Great podcast and thanks again for also posting on spotify my preferred format.
Thanks! 🙏🏽
Hasan...a very interesting, informative and entertaining video ....i didn't think I would watch the whole thing but I loved every minute of it....Michelle is great as well👍👍
Thank you Leanne, I appreciate the kind words! 🙏🏽
Interesting podcast. I currently rent myself in Burnaby and own 4 investment properties (2 in Fleetwood and 2 in Abbotsford). They are all condos and they were bought between 2015 and 2019. They are all cash flow posivitive (thank goodness). I also manage the properties and it takes maybe 5 hours a week. Renting myself in the lower mainland and buying outside the lower mainland has worked for me. Wondering if anyone else is doing the same...
Thank you! I have a few clients that do the same and it has also worked out well for them! Generally, they are renting in higher COL areas but just don’t have interest in purchasing in these areas.
Great Podcast!
Thank you! 🙏🏽
Good podcast you guys ! Real estate in Vancouver is expensive but if you could rent out a unit or two , that would be a great future for someone to have in your possession!
Thank you! 🙏🏽
Nice podcast.
Thank you!
property managers take too large a cut for passive income after the tenant selection. Much better to suffer the short term interviews in the beginning and keep 100%
This is true, especially with newer buildings still under warranty that don’t generally have as much maintenance to coordinate.
Time in the market beats timing the market.
Very true! 💯
If your putting 60-80%, you’re destroying the most powerful advantage in real estate with the use of leverage. Your tying up too much capital, the numbers don’t work anymore. Rents have peaked and prices need to come down for it to make any sense unless theirs a significant capital appreciation which their is no catalysts. Dt condos have been stagnant since 2017. Condos are a bad investment.
gee should you make another video? we have heard it all before
You should not buy anything in Vancouver.
Nobody should buy in Lower Mainland ,period .Inflated by 75% ,paying that much for cardboard box in area that has 3 feet of rain per year?
I mean you could move to Calgary, I think it snowed there last week though.
@@vancouver.realestate people should be paid to live there?