Investors are always looking for ways to get the best deal on an investment property. Some might argue that the best time to buy an investment property is whenever you’re ready to make the move. As long as you’ve got the money for a down payment, it’s best to jump in, right?
Real estate investment is a lot easier when you hire a property management company to take care of all the little details. Sure, you have to pay for their service, but you get to be pretty hands-off with your investments.
Of course, hiring the right property management company is essential. You want to know that they’re taking good care of your property and that everything is flowing smoothly in a way that will match your investment lifestyle.
Naturally, when you decide to buy an investment property, you’ll want to select a home style with plenty of features that will appeal to renters. Envision potential tenants touring your suited home, garage suite or duplex. What features will they be looking for?
Learn about eight appealing features for renters so you can garner an investment property that stands out from the crowd.
Once upon a time, there was a little girl named Goldilocks. She went for a walk in the forest. Pretty soon, she came upon a house. She knocked and, when no one answered, she walked right in.
At the table in the kitchen, there were three bowls of porridge. Goldilocks was hungry. She tasted the porridge from the first bowl.
"This porridge is too hot!" she exclaimed.
So, she tasted the porridge from the second bowl.
"This porridge is too cold," she said
So, she tasted the last bowl of porridge.
"Ahhh, this porridge is just right," she said happily and she ate it all up.
Last week, we wrote about the Tenant from Hell and how to spot, and avoid, putting one in your investment property. We told you that the tenants you put in your properties will make or break your investment, and bad tenants can turn your investment journey into a financial and management nightmare. But is it really possible to avoid problem tenants?
Is your investment property old, worn out, or run down? Is it sucking you dry with outrageous maintenance bills and problem tenants that require tons of management time? We know how frustrating this kind of property can be, especially when you think about the impact on your potential ROI.
So we’re happy to tell you that you don’t have to be stuck with one of these faulty properties. That’s because right now is the perfect time to sell your old investment properties and buy new construction. Here’s why:
Once you’ve made the decision to invest in real estate, the next thing you have to decide is which type of property, and which location, to invest in. This can be a difficult and confusing decision to make, but luckily, you don’t have to do it alone. TriUrban can make sure that you get an investment property that best suits your goals, and maximizes your potential ROI.
As most of you have probably already heard, Canada’s banking regulator, the Office of the Superintendent of Financial Institutions (OSFI) has announced significant changes to the qualifying rate for uninsured mortgages will come into effect on Jan. 1, 2018.
TriUrban’s team of professional investors has been hard at work analyzing just what exactly these changes will mean for property investors. We’ve come to the conclusion that the effects will have a substantial impact on investor’s ability to buy property. Despite this, we’ve actually discovered a hidden benefit to investors.
Read on to find out what the effects of Canada’s 2018 mortgage rule changes on property investors will be, why you should be buying property before the changes come into effect, and how you can “cash in” on the hidden benefit.