Then be prepared for the competition! The rental market is fierce and prospective tenants regularly offer more rent in order to secure a property, and good properties often get leased within days. So you have to be all over it like a fat kid on a cake, and be prepared to pay up for ...
Areas like Coal Harbour, Yaletown, and Kitsilano attract high-net-worth individuals and investors looking for prime residential and commercial properties. With its mix of luxury waterfront homes, multi-family units, and commercial spaces, Vancouver offers opportunities for both steady rental income and...
Acquiring a rental portfolio of one or more properties to build income and equity Converting your current home to a rental property Purchasing a property for your child to live in How to Qualify for an Investment Property Mortgage To qualify for an RBC Investment Property Mortgage, you must have...
For renters looking to transition to homeownership, today's housing market can feel like a dream killer. Rising mortgage rates, high home prices and a shortage of properties for sale deliver a one-two-three punch. If you've been knocked out of one too many deals and need a timeout from...
For example, people seeking to buy for rental income tend to focus on the rent price the area fetches and nearby amenities such as an LRT station or shopping mall. You would care a lot less about the quality or developer workmanship of the house/unit. ...
When deciding what rent to charge, a landlord can either conduct some research themselves or allow a rental agent to tap into their resources for a more accurate view of the following: Competitive market analysis: Review the rental rates for properties that compare with yours in terms of ...
and every neighborhood has good properties. It takes a lot of footwork and research to line up all three. Keep your expectations realistic when you find your ideal rental property and make sure that your own finances are healthy enough to carry you until the property starts generating income. ...
Top 10 Tips for Buying an Apartment or Home in London We're often asked to share our tips and advice for finding the best properties that combine all the qualities of a comfortable home as well as an appealing vacation rental for travelers. From choosing the right neighborhood to all the ...
The investor: Townhouses can be investment properties, offering rental income with lower maintenance than standalone homes. A real estate investor bought a townhouse in a popular area and rented it out to tenants. While the investor enjoyed steady rental income, rising HOA fees ate into their pr...
Easier to get approved for a rental than for a mortgage Flexibility to relocate easily Not responsible for repair costs or property taxes Ability to build credit Cons Builds equity for the landlord, not you Landlord can raise rent or require you to relocate sooner than preferred ...