Episode 34 Transcript – Live @ Red Square talking about out of town investments

This is Jessi Johnson. {Can you talk about the whole vodka house concept of Red Square?} [Are you going to post this on You Tube?] Yeah, we are. [I'll make my manager come over and do it. We are an Eastern European Tapas bar with over 8 different kinds of vodkas. Everything’s made in house and is fresh.] What is the name of where we are? [We are at Red Square Restaurant at 1216 Granville Street.] Well done! Thank you! I’ve got to talk business here for a second. I’m going to tell you both about something. You’re both going to be very rich in probably about, you in two years, you in what do you think? {A year and a half?} No, no, in 8 years. Anyways, in a few years when you’ve got some money to invest one of the strong things, right now you’re not getting very good rental returns in Vancouver downtown. The amount of money you buy in a house, you get piddly change when it comes to how much money you get in rental comparison. Where as, if you actually purchase in Prince George, for example. I’ve got a number of people who are buying property in Prince George for $170,000 to $180,000 but yet getting $1500 to $1600 rental income. Instantly cash flowing with 10% down, you can’t go wrong. I’ve got a slew of out of town realtors you can contact and make some instant money. You can’t go wrong. You can reach me at www.firsthomeinfo.ca.