Investing In Properties
It is quite common to invest in real estate, but before making this decision, consider the following:
- Is your goal to rent out or to resell?
- Are you purchasing this property as a second home or for more income?
- Will you need to renovate?
- Have you done research on the time and capital it may involve?
- What other resources will you need? Lawyer, accountant?
We can help you consider all these decisions and figure out which path is best for you.
Advantages
- More control than an intangible asset
- Improve real estate portfolio
- Increased income
- Finance multiple properties
Disadvantages
- Time and upkeep of property
- Difficult or messy tenants
- Liability
More Info
Investment properties will require a minimum 20% down payment for a 1-4 unit property, unless you reside in it. Amortization still can be up to 30 years depending on your investment. You will still get the best rates! Whether you’re looking for vacation property, a second home, or a rental property, we can help.
There may be some people looking into commercial real estate with 5 or more units. We can work with you to plan your multi-unit project that can generate you greater income.