Consider Investing into Multi-Family Properties in Waterloo



Buying a single-family investment property in the Kitchener Region can be challenging, but not unattainable! Another strategy to consider is Multi-Family Properties. With the new mortgage rules, some investors are hesitant to risk their cash for a higher down payment giving you more opportunity. Investor’s that are putting 20% down have a better chance of securing a mortgage. Often times, paying full market value for rental properties are required to take to get high-quality rental properties in a major area.

Here are several points to look at Multi-Family Properties:

1 – Cash Flow

Multi-family Properties have a tendency to provide more cash flow. Switch your attention on diversifying your portfolio with multi-family properties. Multi-family properties do really good in all parts of the real estate cycle.

2- Competition

First-time buyers are not commonly investing in multi-family properties. You will have less competing offers, especially with four-plexes and more. Buyers that are seeking multi-family properties are generally other investors. Investing in multifamily properties will offer you much more time to come up with a strategy before putting in an offer. Most investors may have the opportunity to add conditions like property inspection and financing.

3 – Deals

The power you have when you are not fighting against other buyers is the seller is more inclined to take your offer seriously. Working with a REALTOR® actually will give you some insights. REALTOR®s do their due-diligence with comparable properties that have sold in the area. Once you present the seller with all the critical facts, they usually listen to you. This will give you much more room for you to actually get the home under market value.

Work with Mike Bolger for real estate investing. I will help you locate properties in the KW Area that will be an ideal investment. I will do the research and present you with all the important facts to consider. The market is always changing, having the best insights will help you see an opportunity where no one else does. Contact me today to discuss your real estate investment ideas.


Mike Bolger, Sales Rep
Chestnut Park Realty Southwestern Ontario Ltd.
The Shops at Waterloo Town Square
75 King Street South, Unit 50
Waterloo, ON N2J 1P2
+1 (519) 616-2656 

https://www.mikebolger.ca/

Comments

Popular posts from this blog

Crucial Questions to Ask Before Buying a Home

When Buying a Home, Look Out For Foundation Issues

Increase Your Chances of an Offer With These Staging Recommendations