What to do with a cheap rental property in Calgary?

[S-FLY]

Cash is king. Finish the reno and sell. The reno will set the property apart from the other units for sale, just price it aggressively and it should sell.

[bjstare]

This quote is hidden because you are ignoring this member. Show Quote

Well, you have to consider the entire post.

Sure, the value has increased 65%, but that's over 13 years or so... But then you have to also consider the other parts of the post - like the part where she's paying ~$600 per month in condo fees and taxes. That's ~$7k per year, or over $90k over those 13 or so years... So, how far ahead is she really?

But, at least she had that initial run up in value... Lots of Calgary has seen near enough to 0% increase in property value over the last decade...

I never said it was a good investment. I said the property appreciated.

Regardless, I agree with your last post. OP should dump it. If it hasn’t been a good investment through two booms over 15 years, sure as shit won’t start performing better now.

Also, if you aren’t living in a place, selling it is zero work for anyone but the realtor. Pay someone to clean it and stage it, call jordan and be done with it.

[The_Rural_Juror]

High competition, low income. If $TSLA isn't your jam, you can lever up more like KJump and put it all on the Greasers 50/50.

[kJUMP]

This quote is hidden because you are ignoring this member. Show Quote

fuck ya! Lever that shit up!

Then go get yerself a Robinhood account and start posting Stonks memes.

This quote is hidden because you are ignoring this member. Show Quote

High competition, low income. If $TSLA isn't your jam, you can lever up more like KJump and put it all on the Greasers 50/50.

there's only room for one of us at the bleeding edge to insolvency!

[The_Rural_Juror]

So are you going to love it? Or are you going to list it?

Gillian