Many Canadians intend to make real estate investment a part of their financial future. According to the Royal LePage 2023 Real Estate Investors Report, 23% of Canadians who do not currently own a residential investment property say that they are likely to purchase one in the next five years.
The process of buying a property for investment purposes may feel different than purchasing a home for personal use. There are many business decisions to be made, including selecting the right property type, location, tenants, and deciding whether or not to hire a property manager.
Are you thinking of becoming a real estate investor? Mike Heddle, team lead and principal broker at Royal LePage State Realty, breaks down the fundamentals every residential investor should know in order to be successful.
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