Income Property Advantages

Another way of helping to achieve your home ownership dreams is to purchase a place with an income potential. By buying a home with income potential that you live in you still need only meet the borrowing guidelines for buying your home, vice an income property. To buy a personal home you need about 10% down, an income property requires 25% or greater and an income forecast to prove that this is a viable risk for a lender to take on. Then you can have some, most or all of your mortgage paid for. The home listed here has a one bedroom suite with individual hot water and electricity for the tenant. It is located about ten minutes from the Middleton Campus of the Nova Scotia Community College, which offers a rental pool that you can access.


There are no comments

Thank you! Your comment has been submitted and is awaiting approval.

Randy Stevenson

Randy Stevenson

CENTURY 21 Acclaim Realty Limited
Contact Me