Thinking of investing in a rental property? Done right, it can be a very effective way to increase personal wealth and achieve your financial goals sooner. There are short and long term gains to be made with the right investment and arrangement of financing, including income tax reduction, residual income streams, and capital gains on future sale.
The Power of Leverage
Lenders will consider up to 80% loan to value, which means you could get started with just 20% down. But before you empty your savings, think again!
Wise investors know that financing 100% of their investment is the most effective way to keep more money in your pocket in the short and long term. While each lender may have slightly different rules, using an existing line of credit or borrowing equity from an existing property are common sources for satisfying the minimum downpayment, priming the flow of rental income.
Tell me More…
If you want to know more, let’s chat. And if you’d like more insight into your local rental market, certain realtors in my network have demonstrated particular expertise with investment properties and I would be happy to share their contact information with you (particularly if you are looking in the Greater Vernon / Okanagan area).
No, I do not receive any kickbacks or finders fees for referring you these select realtors. I am constantly building and refining a network of genuine people who will help me take care of your best interest in order to earn and maintain your business.
Let’s get in touch today! Call me (Tim) at 250.550.8272 or use the contact form on this page.