Advertisement
Cash flow is king when it comes to an income property
Of course, it’s always best to do your own research. For instance, do you want more information on whether or not a rental property is a good idea? What about information on whether or not a TFSA can be used to purchase a rental property? You may also want to educate yourself on how banks calculate debt ratios and how rental income is factored into these calculations. If you’re in the market to buy an investment property, you should also learn when to sell that property you may also need to ask yourself some hard questions, like are you really ready to be a landlord?
Read more from Romana King at Home Owner on Facebook »
Share this article Share on Facebook Share on Twitter Share on Linkedin Share on Reddit Share on Email
Would swapping a house for cash from a corporation save on taxes? And is this tactic worth it in...
Partner content from
Zensurance
Here’s how to get your free ticket to attend the MoneyShow virtual expo.
Sponsored By
Coast Capital
Created By
Canadian Financial Summit
If you have an uninsured mortgage, it’s about to get easier to look for better interest rates elsewhere.
Vacation or rental property, or both? Here are the taxes you can expect on a secondary property in Canada,...
We look at four common ways of financing the purchase of a second property using equity built up in...
Second homes and rental properties have their own down payment requirements. Here’s what to expect when buying a second...
