Multi Family Homes
Purchasing an investment property can often provide a good return on your investment, as well as appreciate in value over time.
There are many things to consider, such as the location, the condition of the property, the cost of any repairs, ongoing maintenance, finding tenants, rent control, property management companies, the impact of vacancy, the value of the property, its cap rate, etc.
It is best to consult with a mortgage broker, a lawyer, an appraiser before making a formal offer with a real estate broker. When making an offer, it is important to give your mortgage broker sufficient time to arrange the necessary financing, which could be several months depending on the asset class. The lender will likely require many documents and possibly third party reports prior to issuing a loan commitment.