How To Buy Your First Investment Property
Do you want to buy your first investment property but you’re not sure where to start? If you’re anything like me, buying in the GTA was intimidating, not only because of the price but also because of the Landlord Tenant Board.
I took advantage of the exchange when the dollar was at par with the United States back in 2013 to buy my first investment property in Florida. This allowed me to buy a property for cash, and during the period of time that I owned it, not only did I benefit from market appreciation, but also on the exchange when the dollar was no longer at par.
How to buy your first investment property doesn’t need to mean you’re simply buying a single family home that you’re managing. As long as you have the right property management team, the world is your oyster. You can consider different markets, short term, mid-term or long term rentals, or multi-family. There are a wide range of strategies you can consider.
The most important thing is simply GETTING STARTED.
If you want to learn more about these strategies, make sure you tune in to my episode on The Everyday Investor with Rav Toor. To watch, click here.
Do you want to buy your first investment property and have questions? Let’s connect? I can be reached at 647.896.6584, by email at info@serenaholmesrealtor.com or by filling out this simple contact form.
In addition, make sure you’re connected on social @serenaholmesrealtor and you’re subscribed to my YouTube Channel.