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 If you've been thinking about buying an investment property, market conditions are certainly in your favor. Mortgage rates are at 30-year lows. Numerous properties are available. According to CMHC (Canada Mortgage and Housing Corporation), EREB (Edmonton Real Estate Board), and the GEHBA (Greater Edmonton Home Builders Association) high demand for both resale and new homes is expected to continue well into the future
In fact, the Lawless Home Team suggests that if you have equity in your present home, buying a second property places you at a financial advantage:
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Secondary home ownership is an attractive investment option because it gives you even more leverage than you have with your principal residence. |
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The more leverage you have, the greater the financial return on your down payment becomes as the value of your property increases. There are very few other investments which can be purchased with such a small percentage of your own money. |
As an investor himself, Bill Lawless has learned many helpful tips which he is happy to share with his clients:
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How do you get started?
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How do you ensure that you get the right tenant?
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What's fair in the making of improvements to your property?
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What forms do you need?
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As an experienced professional, the Lawless Home Team has an entire team of resources available to assist any investor. From mortgage approvals, legal referral service, to quick and easy access to all available properties via the website, the Lawless Home Team is an investment in your future. Even better, the Lawless Home Team can give you some tips on how to set yourself up with a pension income that is indexed to the cost of living. Call the Bill now (780) 966-6997.
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