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.