Found 1 blog entry tagged as Buying Your First Investment Property.

Entering into the Canadian real estate investment market is a great way to boost your finances and generate passive income. However, there’s a lot more to it than simply purchasing a property, making a few changes, then selling or renting it out.

Here are a few first-time investment tips you’ll want to consider in advance.

1. Pay Down Your Debts

Credit cards, student loans, mortgage payments and other forms of debt will have a significant impact on your debt-to-income ratio – thus affecting your ability to save your down payment and obtain a low-interest mortgage. For this reason, we recommend significantly paying down (or clearing, if possible) any high-interest debts before beginning your investment journey.

2. Secure Your Down…

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