Report: Ottawa Real Estate Investments Growing in Popularity Again
Evidently, investors are increasingly seeing the financial viability of investing in properties on the Ottawa real estate market. This is, of course, breathing new life into the housing market, which we really appreciate!
What You Should Know About Recent Ottawa Housing Trends
According to the recent article I was reading, more and more people are looking in purchasing properties for investments. In other words, they own the properties but they’re renting out to others as a means of income.
The key to doing this is to only finance enough of the property so that the rental property is self-supporting.
Ideally, you would purchase this rental property after your main residence is already paid off.
But here are some things you should be aware of if you take this route:
- Make sure you’re working with an experienced and knowledgeable real estate agent who can effectively represent your needs as the buyer.
- Make sure you’re investing in a quality home that is going to increase in value all on its own overtime.
- Make sure you community with a top-notch lawyer to make sure you’re protecting any equity draw for investment purposes.
Learn More About Ottawa Home Investments Now!
Contact us, Geoff and Bobbie McGowan, now to learn more about how the investment process works when purchasing a second home.
We would love to answer any questions you may have as well as provide you with some incredible home buying tools, including our mortgage calculator and moving tips
Until next time,