vancouver income property Archives

The pros and cons of buying an income property in Vancouver in 2019

18 10, 2019

The pros and cons of buying an income property in Vancouver in 2019

By Vaughn at Flipside Homes|2019-10-02T16:59:23-07:00October 18th, 2019|Investment Properties|

With Vancouver's real estate market returning to "more typical levels", now may be the time to consider investing in an income property. Not sure if buying an income property in Vancouver is right for you? We have put together some pros and cons to help you decide. The pros of buying an income property in Vancouver 1. Predictable monthly income An income property in Vancouver can be a reliable source of revenue as long as you have tenants in the home. Who would not want to make additional money every month? The best part is that when you are done with your income property, you can always put it back on the market. 2. Increasing property values Property values are generally trending up. That means if you can buy the right property at the right price, you are going to

How to price the rent for your Vancouver income property

By Vaughn at Flipside Homes|2019-01-25T14:09:29-08:00April 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

The 5 types of Vancouver income properties you should invest in

By Vaughn at Flipside Homes|2018-08-07T10:37:01-07:00August 31st, 2018|Investment Properties|

Having a Vancouver income property can already be lucrative. And with housing becoming increasingly scarce, the cash flow generated by a Vancouver income property is only going to grow. In order to get the best return, however, it is important to select the right property for you, your neighbourhood, and the types of tenants you are hoping to draw in. 5 types of Vancouver income properties In order to select the right Vancouver income property for your situation, it is important to know what options are available to you. That is why we have not only laid out five key types of Vancouver income properties, but have created a list of the pros and cons for each one. 1. Secondary suites Secondary suites are booming in Vancouver. Why are they so popular? First, they allow you to enter the Vancouver