Hey, it was still in the "single family" bracket - I figured.
And it worked great!
Until about 2021, where again ...
Property values rose so high, so quick, without rents being able to keep up that THESE types of properties we're also impossible to cash flow.
So here we are now in Ontario and most of Canada.
NOTHING. FUCKING. CASH FLOWS!
Not if you want quality single fam and small multi properties that is!
I mean, large multi family buildings COULD still cash flow ...
But this is an asset class (really a tenant class) that I don't personally like AND ...
They cost a FUCK ton of money with super low and crappy cap rates.
"That's it!" - I said