Purchasing a vacation property or a second home is a dream many Canadians share. We can help that dream come true for you.
Purchasing an investment property can make your short-term and long-term financial goals a reality. Whether you want a cash infusion each month, want to build equity and grow your net worth, or save toward retirement, your children’s education, or travel the world, buying an investment property can make it happen.
An investment property is any real estate property that you own for the purpose of earning a financial return, versus simply living in the property. It could be a detached home in Vaughan, a triplex in Woodbridge, a condo in the Discovery District, or a cottage in the Muskokas. Investment properties can be long-term and stay in the family for generations, or they could be short-term investments and flip the property for a quick profit.
Whether you want to own an investment property for the long-term or short term, Purchasing a property for investment can give you a lot of financial flexibility. Investment properties come with many key advantages. One of those advantages is that you can deduct expenses such as mortgage interest, property taxes, insurance, maintenance expenses, and property management costs from your income, thereby reducing your taxes owing. If your expenses surpass your rental income, you can also deduct that loss for tax purposes. Another Advantage is that an investment property provides stable, predictable monthly income that you can spend, save, or reinvest as you wish. Additionally, when you choose to sell you can capitalize on the growth in market value to make a further profit on your initial investment.
In Vaughan and Richmond Hill, Brampton and Mississauga, Markham and Newmarket, there is a wide range of properties ideally suited for investment. With a sizzling hot rental market for residential and commercial properties alike, many people are choosing to buy investment properties.
If you are looking to purchase an investment property, it pays to do your homework on the property market before you dive in. A mortgage professional can assist you when it comes to financing your decision and selecting a mortgage solution that makes the most sense for your financial goals in the long- and short-term.
Arranging your finances to your greatest advantages will put you on the best path to building your wealth through real estate. The better you manage your assets and the more your mortgage is tailored to your specific financial needs and goals, the best the returns you can expect on your investment.
We have simple, easy-to-use online tools to give you a clear idea of rates and affordability ranges.
Here at VERICO The Financial Forum Ltd., home mortgages is what we do. Book a consultation with us and discover how we do mortgages differently. We will listen to your needs and guide you through the process to secure the best mortgage options available.
Let VERICO The Financial Forum Ltd. assist you in making your investment property purchase a simple and stress free process. Call us at (905) 265-0246 or fill out the form below to get started now!
Let The Financial Forum Assist You in making your next home buying experience a simple and stress free processApply Now