Refinancing your home to purchase a rental property

With the prolonged surge of real estate markets across the country many Canadian homeowners are considering cashing in some of their home equity to purchase a rental property. The transaction may seem daunting at first, but with a carefully laid out plan and a real estate action team in place, one will realize just how easy it can be. Before reading through and internalizing the following step-by-step checklist, the first, and in my opinion, the most important task is to align your mindset to that of an investor rather than a homeowner. Transform yourself to be shrewd in your property selection, decision making and overall analysis of the transaction. Avoid being emotional. Instead, maintain a sense of logic and due diligence. Once you have entered this mindset, let your plan and the guidance of your real estate action team see you through the process...Click Here to read the rest of the episode. Contact Marko, he's a Mortgage Broker! 604-800-9593 direct Vancouver 403-606-3751 direct Calgary homefinancingsolutions.ca Facebook @markogelo (Twitter) Hosted on Acast. See acast.com/privacy for more information.