A customer was in town from Houston. A few of us, including a sales guy who moved from Vancouver to Houston, and a FAE also from Houston went out to dinner to court him of course. So we were talking about Real Estate and how cheap it is in Houston.
A very new place, single house. Smallish just over 2000 sq.ft. Looking at under 200k USD. Once you put down minimum amount of down payment (20% to not incurr insurance in that part of the states) for mortgage. I'm told you hit the ground with positive cashflow immediately. Anyone who buys in Vancouver to generate rental income is a fool.... Just what I'm told.~ |