Investing in local real estate is a relatively comfortable way to get started in the real estate investment market. However, depending on where you live, the potential to build strong, cash-flowing portfolios may be limited by the property values and real estate near you – or maybe you have dreams of investing in cities like Toronto or Vancouver from the comfort of home. This is where long distance real estate investing comes into play.
There are plenty of real estate investing niches that you need to keep an eye on. From buying distressed properties, to pursuing luxury commercial housing, your options are open. However, one option that many investors wind up overlooking is how rent to own homes come into play.
The cost of living in Canada today has grown rapidly over the last few years, edging many Canadians out of their affordable rental options and into more expensive properties that are harder to manage. This has created problems for renters and investors alike as more and more people struggle to qualify for rentals. So, to combat this issue, people are turning to rental guarantors for assistance.
Housing affordability and rental rates are constantly dominating the headlines with concerns about the average Canadian’s ability to afford a place to live. We are living in a time where average market rents have risen and mortgage rates are slowly climbing. However, this is not a worst-case scenario.
One of the core elements of any great real estate investors toolset is a strategy that allows them to grow and build wealth in a flexible and reliable way. For some, that strategy is house flipping. For others, it is commercial properties and investing in larger properties. However, for many, the BRRRR method is the way to go.
The real estate market is constantly shifting and evolving year-round as supply, demand and borrowing costs constantly change in order to create a sustainable balance that is good for the economy. This means, that sometimes mortgage rates are going to rise and lending costs are going to spike.
Lender PoliciesTalk to a Mortgage ProfessionalWatch it: Why Are Lenders’ Policies Important? Lender Policies When we’re providing rental property financing for your investments, it’s super important that we understand the…
Shelter PaymentsTalk to a Mortgage ProfessionalWatch It: Understanding the Importance of Shelter Payments Shelter Payments It is very important to factor in a shelter payment when we’re running your application.…
Room RentalsTalk to a Mortgage ProfessionalWatch It: Will Lenders Use Room Rental Income? Room Rentals All right. So today we’re talking about room rentals. Not every single lender, actually, most…
Rental WorksheetsTalk to a Mortgage ProfessionalWatch It: Using a Rental Worksheet Rental Worksheets One of the things we need to do while running your application if you own multiple rental…
Rental IncomeTalk to a Mortgage ProfessionalWatch It: Add or Offset Rental Income Rental Income This here is super important for real an investor. The lenders have either an ad to…
A lot of people don’t realize that when you’re calculating a mortgage, you have to factor in a heat payments as an expense on the property.
