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.