Description
Seller-provided details for this listing.
Ever consider investing into a second property? Thinking about a vacation or recreational
property? We can help you.
An investment property is an income producing property. The investment property can be a rental property,
a second home, a commercial, industrial or retail property, a leased residential, an office or even just
a property you plan to flip.
Many people are considering investment properties because of its stability. An investment property can
bring in a consistent income that a buyer can use for a retirement fund, their mortgage or just extra
income.
It is important to do your research. Finding the right investment property for yourself and your future
goals is important. Our brokers can help you come up with a plan that will make your investment even more
successful.
Down-payment requirements vary for each property and lender requirements. For example if you would like
to purchase a second home, the down-payment required is 5% on the A side of banking. If you are
purchasing a second home on the B side of lending, you will be required to use 20% as your down-payment
on a residential property. If its condo, you will be expected to pay 25% as your down-payment. The rules
are complicated but a good broker can work through the process with you.
Secondary homes can be tricky depending on the circumstances and income type, give us a call today to
hear your options. We can help you.
Call: 1-647-995-3918
Toll Free: 1-800-340-8339
property? We can help you.
An investment property is an income producing property. The investment property can be a rental property,
a second home, a commercial, industrial or retail property, a leased residential, an office or even just
a property you plan to flip.
Many people are considering investment properties because of its stability. An investment property can
bring in a consistent income that a buyer can use for a retirement fund, their mortgage or just extra
income.
It is important to do your research. Finding the right investment property for yourself and your future
goals is important. Our brokers can help you come up with a plan that will make your investment even more
successful.
Down-payment requirements vary for each property and lender requirements. For example if you would like
to purchase a second home, the down-payment required is 5% on the A side of banking. If you are
purchasing a second home on the B side of lending, you will be required to use 20% as your down-payment
on a residential property. If its condo, you will be expected to pay 25% as your down-payment. The rules
are complicated but a good broker can work through the process with you.
Secondary homes can be tricky depending on the circumstances and income type, give us a call today to
hear your options. We can help you.
Call: 1-647-995-3918
Toll Free: 1-800-340-8339