Quote:
Originally Posted by YYC in LAX
What do you mean in buying a rental unit? I'm confused. Is your sister wanting to buy a condo that is currently being rented?
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I am sure he is looking for a unit to rent out, with or without a tenant as he can always find one. The core is a very tricky market for rentals and positive cash flow when the times are different. Ive done a ton in and out of the core and personally find better returns on condos in the burbs but close to a c train. In the long run, re sale will be better inner city.