i am looking for an investment property or land. Like a house fully rented, any ideas
Sure it is possible. where is your preferred area. What is your ivestement budget? do you have Mortgage pre-approval. you should start with financing and then property hunting. feel free to call me or email for more info.
The best is look for a real estate broker in the location you will like to buy,or someone you trust, you can buy a duplex or triplex, check the revenue of the property, that helps to pay your mortgage!!
Have you had your financing pre-approved yet?
Investment properties are insured financed at 80% max.
Land is a different thing all together.
Peter K Yeung
Broker-Accredited Mortgage Professional (AMP)
Voted “Top Mortgage broker by Metro News”
Real Mortgage Associates Inc
Lic # M08000585 - Brokerage # 10464
You're best bet for a rented house is either somewhere in the downtown area or near York University or any major university, depending on the kind of tenants you're looking for. If you need help with your search, please either email me at email@example.com or call me at 416-707-1209 to further discuss your needs.
If your budget is high enough, I'd recommend a commercial property since businesses who lease do t have the residential tenancy act to protect them.
Hi, there are tons of oppurtunities in the Toronto Real Estate marketplace when searching multi residential properties. keep in mind that banks are only willing to finance dwellings that have 4 units or less, properties with 5 units and up are considered and deemed to be a commercial transaction which in turn will have upfront costs such as broker fee's appraisal fees plus a much higher interest rate. If you would like to read a great article about investing in Real Property in Toronto please visit this link. http://www.mytorontorealty.com/blog/p/the-annex--should-i-invest-in-a-multi-unit-home
I would recommend speaking with a Commercial REALTOR® about your needs. These specific REALTORS® deal on a day to day basis with such properties you are thinking of investing in.
Investing in Real Estate is the best move you can make!
Good Luck with your search
Your first step is to "get into the network". There is an informal network throughout Ontario of the scant few of us that truly focus on income property sales.
My focus is Windsor -- where incidentally we're BOOMING at present, the highest GDP growth in all of Canada predicted for 2011 at 4.1%, #7 on the Financial Times' "Cities of the Future" in the Americas 2011, a Top 7 finalist for most intelligent city in the world 2011, while still holding onto the 5th highest average family incomes throughout the recession -- higher than the GTA. (Yes I realize a few heads exploded in Toronto while reading this paragraph)
Please peruse our website at www.ontariorci.com for all the information you need. If you want to invest closer to Brampton, which is understandable, I can easily refer you to one of my income property specific peers.
I am TREB Commercial Member Pls call me to find out more about investment propoerties. I have helped my clients do that and they r very happy
There are many opportunities in the GTA for income producing properties. Kindly email me and I will find you the right income property for you.
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