Are you looking to improve your investment portfolio? The real estate market in Canada is a great place to look and Valko Financial is here to help!
Currently 1 in 10 Canadian homeowners in Canada’s largest cities own multiple properties. But did you know that 40% of these secondary property owners used equity from their primary residence to make the purchase? You’ve worked hard for the equity in your home and with home values continuously on the rise it could be in your best interest to utilize it to your advantage to increase your cash flow and improve your investment portfolio.
By refinancing your primary residence’s mortgage with Valko Financial, you could get enough cash for a down-payment on a second property with enough rental income to cover the mortgage payments plus extra for your personal use.
Investing in a rental property is an enticing option for many people. Here are some of the reasons why:
- Passive income. Passive income means a source of money coming in on a regular basis with relatively low effort. If you’re looking to make some extra money on the side, this could be a good option.
- Property appreciation. It’s likely that property will appreciate in value as time goes on. You can invest in a rental property for the time being, wait for it to appreciate, and then sell and make an even larger profit.
- You can use it when you want. If you invest in a vacation home or an apartment in a city you enjoy, you can enjoy it yourself as well. You have the option of renting out the property while you won’t be living there to cover your expenses and the option of coming back whenever you please.
While buying a second property in the highly competitive housing market can be a daunting experience, Valko Financial will make you feel at ease with our creative mortgage strategies.
Reach out to our heart-centred team to discuss how you can use your mortgage for investing opportunities, today!