If you've been thinking about buying a revenue property, now may be an ideal time.
Interest rates have dropped to historic lows and this should help you secure financing for your revenue property.
Although the Real Estate market slowdown has seen prices drop and interest rates dip, rental income has not wavered - making now the optimal time to develop your revenue property portfolio.
During a buyer's market, sellers are much more flexible. You often avoid being bogged down with multiple offers, plus if a property has been on the market for a longer period of time, negotiating a sales price should offer you even greater flexibility.
When it comes to choosing a revenue property, remember that it is also a great time because the inventory of available properties is plentiful. This simply means that you won't be rushed into making a hasty decision as in a seller's market.
Another bonus would be if you required any renovations to your revenue property. Tradesmen aren't as busy as they used to be and as a result are offering much more competitive prices.
The key is to take advantage of this opportunity and the key is to work with me. Both my team of mortgage professionals and myself have the knowledge and information to help you make an informed investment decision and feel at ease throughout each purchase.
Please give me a call today and we will either start or enhance your revenue property portfolio.
Brad Stevenett 905-407-7381 Realtor
Steve Chittick 905-407-7071 Mortgage Professional