Shannon with the Marin Marketing Team meets with Jesse, a mortgage specialist from Scotia Bank, to discuss ownership and investment. We learn more specifically about investment properties, ownership, and how your current equity may be able to grow your portfolio.
First things first, talk to a professional about requirements, for buying, down payment options, as well as potential availability for increasing cash flow with rental revenue. It may be possible to grow your portfolio if you currently own a house and have equity.
With minimal availability for renters in multiple communities along Vancouver Island, now is the perfect to look into getting into the market, or adding one more asset!
Be sure to find a good valued investment, if a rental property, consider purchasing with two suites to double revenue. And don’t forget with rental units, the possibility for write-offs when tax season comes around.
Call Shannon at 250 202 0160 for more information, or Jesse at Scotia Bank at 250 797 4249 to talk to a specialist today.