12 04, 2019

How to price the rent for your Vancouver income property

By | 2019-01-25T14:09:29-08:00 April 12th, 2019|Investment Properties|

Before buying any Vancouver income property, you need to look at the rent you could charge. Would you be able to cover your expenses? Or make a profit? Figuring this out will allow you to assess if you should buy a certain Vancouver income property. Not sure how to make this assessment? Today we will teach you the way to do it! The costs of your Vancouver income property The first element you need to look at in relation to your potential Vancouver income property is expenses. Make a list of all the expenses you need to consider. Here are a few items to get you started… 1.  Down payment Think about the size of the down payment you will be making. Remember that the more you put down, the smaller your mortgage will be. 2. Mortgage How much will