Why You Should Consider Investing into Multi-Family Properties in Waterloo
Buying a single-family investment property in the Waterloo Region can be difficult, but not unachievable! Another strategy to consider is Multi-Family Properties. With the new mortgage rules, some investors are cautious 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. Sometimes paying full market value for rental properties is required to grab to get top quality rental properties in an excellent area.
Here are A few good reasons to look at Multi-Family Properties:
1 — Cash Flow
Multi-family properties are likely to provide more cash flow. Switch your attention on diversifying your portfolio with multi-family properties. Multi-family properties do good in all parts of the real estate cycle.
First-time buyers are not ordinarily shopping for Multi-family properties. You will have fewer competing offers, especially with four-plex’s and more. Buyers that are searching for multi-family properties are, in most cases, other investors. Investing in multi-family property gives you even more time to come up with a strategy ahead of putting in an offer. Most investors can have the opportunity to add conditions like home inspection and financing.
3 — Deals
The benefit you have when you are not fighting against other buyers is the seller is very likely to take your offer seriously. Working with a realtor is going to give you some insights. Realtors do their due diligence with comparable properties that have sold in the area. Once you give the seller with all the crucial facts, they usually listen to you. This will give you much more room for you to get the home under market value.
Work with Mike Bolger for real estate investing. I will help you discover properties in the KW Area that will be a wise investment. I will do the research and present you with all the important facts to consider. The market is always changing, having the best insights will help you see an opportunity where no one else does. Contact me today to discuss your real estate investment ideas.