The most obvious advantage of buying any income property is having other people pay off the debt on your investment. And with interest rates remaining at all-time lows, there's never been a better time to jump in.
There are a number of decisions to be made with regard to owning a multiple-unit property. From property management to occupancy rates, being an owner carries a lot of responsibility. It's a good idea to discuss your options with a financial advisor, a lawyer and an accountant before you start the process.
Mortgages for multiple residential properties are often subject to specific government regulation and government-backed programs. As these are constantly changing I suggest booking an appointment with us directly to discuss your options.
With our experience working with these types of properties we can provide advice on financing and help you shop the market to ensure you get the best mortgage to meet your specific needs.