Getting into the investment property market can be a lot of work, and it takes a lot of know-how to be successful.

To purchase your first investment property, you must first pinpoint a property, determine how it will be financed, and underwrite the deal before it can be purchased. Lindsay Joanne Real Estate has vast experience in purchasing rental properties, and will guide you through the process from selecting the right property to securing financing and underwriting the deal.

As with any investment, the biggest part is determining your potential risk and reward.

Before you commit to investing in a rental property, here are a few things to consider:

  • Purchasing an investment property to earn rental income can be risky
  • Buyers will usually need to secure at least a 20% downpayment
  • Being a landlord requires a broad array of skills, which could be as diverse as understanding basic tenant law to being able to fix a leaky faucet
  • Experts recommend having a financial cushion in case you don’t rent out the property, or if the rental income doesn’t cover the mortgage

We’ll help you navigate through these considerations to make sure this investment is right for you.

Most importantly, we’ll help you through the following considerations to help ensure that your investment will be a success:

  • Determining what you can afford for a rental property
  • Finding the right property, in the right location, to maximize your investment return
  • Guiding you through the necessary paperwork

Many homeowners may be surprised at how easily they can afford to enter the investment property market. If you’re considering purchasing a rental property, we invite you to contact us. We’re ready to help!

Questions? I’d be happy to answer them!

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