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2 Great Tips for Beginner Investors of Real Estate

Blog by Diane Cardoso | March 21st, 2016

Here are 2 great tips if you are thinking of becoming an Investor in the Real Estate Market:

1. Think about future expectations and ask an accounting expert for advise:

  • Are you looking for a rental property with positive cash flow?
  • How long do you want to hold the investment property?
  • What is your expected return on your investment?

Banks in Canada typically require 35% downpayment on Residential Investment property purchases.  They will also take some of the rental revenue into consideration when purchasing.  Connect with a Mortgage Broker or Banker and get the details you need to know.

2. There is lots and lots of affordable property around Greater Vancouver and British Columbia:

Don't just look in your own backyard, instead broaden your search area and type of property.   Look at the great potential in a variety of properties, including Residential and Commercial properties both inside and outside the Greater Vancouver area.