1️⃣
Find a MORTGAGE BROKER you can work with… make sure you are clear about what your vision is and your goals. I always suggest a mortgage broker when you’re looking for investment properties because Mortgage Broker’s are specialists in knowing what banks offer the best products for what you’re looking for. After all you’re getting into this business to make money so you want to make sure that you have the best option for products
Your REALTOR can help you find somebody That will be a match for you and I will help you achieve your goals.
2️⃣
LOCATION
look for property you can easily add equity.
You want to have A great location that is walkable and is in a community or city that has holding value-
MAKE sure you look for a community that has full services — such as schools, hospitals, banks, Dr, Dentist as well as places for people to work- commercial & retail
This is integral because many renters need to be able to maximize on their incomes and live close to amenities.
3️⃣
MAXIMIZE SQUARE Footage
to get most revenues
So whether it’s a rehab That you were able to put some sweat equity in… And then has the ability toto maximize your square footage Including the yard and the ability to put a garage in… Garages are another great way to maximize rental income
⬆️ Increase cash flow by ➕➕➕
1-Suite out basement
2- Rent garage separately
➡️If you are someone who has equity in your current home you are a prime candidate to be able to start working on your investment portfolio.
➡️If you are looking for your first home… And know that you don’t quite need all the space that you’re looking for it’s a prime time to add value to your property… And look at adding a little extra cash flow to help with your mortgage either by adding a suite, Or renting out your garage
#becomealandlord #rentahouseout #rentalmarket
#lovewhereyoulive ❤️❤️
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