If you are considering an investment property, preparation and planning are key to success. We can guide you through the important questions to ask, and help you select the investment property that is right for you.
For example, BC Multifamily Properties are very unique and very lucrative real estate investment. We will help you to figure out the detailed return on investment and valuation calculations based on rental income and expenses and show you how you can obtain financing to purchase!
Here are just a few questions to get you started:
- Are you interested in BC Real Estate Investing in rental property? Are you financially ready to get in and stay in?
- Do you know the ‘golden rule’ of Real Estate investing?
- How hands on do you want to be?
- Are you aware of the tax implications? Check it here.
- Do you know how to determine the value of the larger investment properties (2 units or more) ? They are priced very different than the single family homes. Multi-unit properties value is directly linked to how much income or profit property produces. You can’t compare the price with another apartment building down the street because their rents might be very different. You have to know how to calculate the capitalization (cap) rate!
Consideration when buying Multifamily Property in BC
Calculate your Cash flow = Rent – Expenses
- Rent: You have to compare rental properties with similar square footages in the area. Contact us – we can help with this.
- Monthly expenses: In addition to the mortgage interest, you should include Taxes, Property management and an allowance for vacant units.
- Repair costs: You can get free quotes from contractors.
- Other expenses: Taxes, Utilities, building maintenance, lawn maintenance, etc.
Team Dana & Amar have the financial skills to analyze different possibilities to identify the ones that have the best possible returns. So let us help you with some of the most important financial decisions you will make in BC Real Estate Investing!
