Quote:
Originally Posted by seven
By buying a high rise apartment complex and renting it out. You pay millions initially but by doing that you get each apartment for less than 50k, considering some apartments may stay vacant some months of the years and stuff you average the cost to 50k per apartment. My cous from Boston wanted me to invest in real estate in Boston is how I know that.
If you're paying 1300 for an apartment in montreal you got a very nice apartment in a very nice neighborhood (i'm trying to figure which neighborhood it would be since average apt in montreal cost less than half that amount) and if you're spending 500 on top of your rent you either got a bad habbit of wasting money or you're renting a condo that has security and other levies but either way that's a needlessly and worthlessly expensive living you should look at buying a house with front and backyard and ample of privacy which would cost you less than you 1,800/month 
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Ok so your $50k is kinda a false premise based on the fact most people don't have access to millions of dollars to buy a multi unit property and average down the cost per unit.
For the basis of this thread your idea is pretty out of place.