My case study of the city of British Columbia

Nov. 11, 2018

Introduction

It is time for me to do my own study and then figure out what is going on in terms of Vancouver area, how people buy flip and repeat brand new condos. One of 15 ways to make a million is to buy and flip, I like to show how it works in the city nearby my home.

Case study

It is important to understand the average salary is around $30,000 - $40,000 Canadian dollars, a person works near 10 years, savings can be up to $40,000 dollars. If he decides to invest a condo in the suburb of Vancouver, in 3 three years, he can make $120,000 dollars. Here is the story:

That is what I did only first part, go visit the construction site for the new condo community in 2014. But I did not get loan and made a purchase. I wrote my loan story here in a blog.

If I purchased a home in 2015 January, I could  have paid around $150,000 dollars, then in 2018 I can sell them around $280,000 dollars. What I have paid down payment around $40,000, and then I can find renters and then let it sit off the market two years.

My investment will start from $40,000 Canadian dollar, the return is 3 times more than $40,000 dollars.

I like my case study, I did a few hours in one weekend. I talked to my smart elder sister and then I know that I have some weakness in my personality.

A table as a reference

Here is the table I like to copy here for a reference: