Spot The Speculator #37 – “A guy I know owns 6 “investment” condos. He claims that they are all cash flow positive, but when you ask him for details, it turns out that he is losing hundreds every month.”

bubbly at VREAA 17 May 2011 10:41am – “A guy I know owns 6 “investment” condos. He claims that they are all cash flow positive, but when you ask him for details, it turns out that he is losing hundreds every month on each of those condos before condo fees. However, according to him, because he will make money once he sells, thanks to the rising prices, his properties are really cash flow positive. I wonder whether he knows what cash flow means.”