Whether you are a novice investor or a seasoned pro, there is something to benefit from working with our team of experts. From the articles and tools that you have at your disposal as a client of the Calum Ross Team, we also have access to more than 30 lenders where- once you are considering an investment property- we can help you leverage other financing channels to finance rental properties. In some cases- we can help you secure residential financing on rental properties with up to 6 units. The difference in interest rates and terms when compared with a commercial mortgage could save you thousands of dollars over the term of your mortgage.
This collection of articles and tools is based around four rules that we recommend and abide by for investing:
(1) Understand your finances and the level of risk you can tolerate. Planning upfront and knowing all the costs and risks are important in analyzing the overall performance of an investment. (a) Long term capital appreciation, (b) accelerate paying down the mortgage, (c) increasing your monthly cash flows and (d) tax planning are four ways you can offset investment costs. Being able to manage these four categories will help you determine what time horizons are realistic for a positive return. Also, the more you know and plan, the more risk you can take on and still have a good sleep at night.
(2) Eat, Breathe and Live the Market: Now that you know where you stand financially, you need to find out where the market stands. Understanding vacancy rates and market values will assist in making a successful decision. [For examples on how to get more acquainted with the market, refer to our articles: ‘Foundations for Investing’ and “The Golden Rule of Investing” as a place to start.
(3) Align yourself with a professional real estate agent: Along with a good mortgage professional, a good real estate professional will have a strong understanding of what locations and types of properties to avoid and what locations and types of properties have provided the most return in the past. For a list of realtors with a proven record of success that our Team recommends please contact our office.
(4)Focus on making the deal, not wasting time over minor details. Ensure that when you are buying investment property that you are buying on the basis of returns [please read our article on criteria “Foundations for Investing”]. Our Team can help map out your financial goals and pave the way to help you get there. You will see that being prepared will translate into tremendous satisfaction especially when you know that you will be profiting from buying right at the beginning of the deal.
If you would like to learn more about these opportunities and how to structure your investment financing, then please do not hesitate to apply on-line or call our office and schedule a consultation with one of our mortgage consultants. In the meantime, please do not hesitate to review the material presented here: read the articles, map out scenarios with modeling tools and consider many of the references that we have accumulated to make investing in real estate that much easier for our clients.