Financing Basics for First Time Rental Property Owners   Nov 5th

How to go about securing the best return for your investment in Canada.
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Financing Basics for First Time Rental Property Owners  Investing in real estate can be a profitable venture for many investors, assuming the capital can be raised to purchase a rental property. If you think real estate investing is the right choice for you, but financing your property is preventing you from jumping in, here are a few options to help you make the leap.
1. Down Payments
For many investors having difficulty obtaining a mortgage or other loan for a rental property, or if you’ve been offered interest rates that are too high to make the venture profitable, consider a larger down payment. At least 25 percent should help cut the interest rate considerably, and 50 percent can open the door to many other types of financing. Of course, this may also mean delaying your purchase while you save up the cash, but it may be worth it to be in a more favorable position.
2. Online Lenders
Local banks and credit unions can be excellent options for financing your real estate investment, especially if you already have a great relationship and history with an organization…

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