Investments – Rental Property
Looking for a way to generate a monthly income, create capital gain, start a personal retirement pension or create an investment portfolio full of diverse investments? Investments come in all shapes and forms, but if you’re in search of a solid Return on Investment (ROI) then a new rental property is just what you’re looking for.
Halton Team Mortgages wants you to invest with confidence, that’s why we’ve made it our goal to educate on the topic of investing in a rental property.
It can be intimidating to finance your first rental property and we want you to know that you’re not alone. We are here to help you figure out how to pay your down payment, how much to borrow and if you should use your home equity to buy your rental property.
How to Make Money as a Rental Property Investor?
The most effective way to make money as a rental property investor is to use money that isn’t your own, to create a negative cash flow. Your cash flow is your rental income, less your allowable expenses. Although a negative cash flow may not sound good to an inexperienced investor, it actually is quite opposite. Negative cash flow can create a few positive outcomes:
- You can deduct your negative cash flow from your rental income, which decreases your personal income tax.
- You can free up your down payment monies and have more to leverage to reduce personal, non-deductible debt or invest in a new rental property.
Knowing how to invest and understanding the investment process are the keys to making a profit. Without experience you’ll be shooting in the dark and are very likely to lose.
How Can Halton Team Mortgages Help You?
Halton Team Mortgages will now lend you up to 80% of the purchase price of your rental property. You can also access your home equity without delay if you have an existing secured mortgage with a line of credit. A good credit score is also something to consider, because this will determine your interest rate. A better credit score equals a greater ROI.
To become an efficient borrower, you need advice from an expert. Choose an agent at Halton Team Mortgages and get in your home now.
When your finances matter, we’ll be there for you!