Quote:
Originally Posted by afc wimbledon
if you wanted to invest in some rental property why woulddn't you invest in, say Calgary, where you can keep an eye on it?
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Price. Calgary does not fit any of the fairly standard three criteria for a good rental property investment - unless you have a boatload of cash and don't mind a small ROI. The only one you might hit on is comp value if you get a nice foreclosure. However, if this were the case I would probably just flip it anyways. The key one for me is the 1% rule - Calgary does not even come close.
Property management fees are simply a cost of doing business.