Invest

Guide to Investment Properties

Guide to Investment Properties Investment properties can be a great way to make extra income, and there are a number of ways to make money off of a real estate investment in Windsor-Essex. Terms: To start, there are a few basic things you need to know:   Financing: Like with any real estate purchase, you will need a down payment (20% for residential properties and probably 50% for commercial ones).   Taxation: Rent you collect is considered to be income in Canada and is taxed as such. If you sell your property, you will be subject to the Capital Gains Tax for the increase in value between the time you bought it and the time you sell it. There can be other implications related to investment properties and taxes, so make sure to speak to a professional to get the whole picture.   Term: It is a good idea to view a real estate investment as a long-term one - expecting to turn a big profit in a short time isn’t always realistic.   Returns: There are three main ways to generate income from a property: Cash Flow: When…

Guide for Landlords

Guide for Landlords If you want to rent out your house in Windsor-Essex, there is a lot of information you need to know first, and I have some great advice ready to help you make the most of your rental property.   Finding Tenants: There are two main ways to find tenants - on your own, or with the help of a REALTOR like myself:   On Your Own: There are some great ways to advertise your rental property on your own, like through Kijiji, but be ready to deal with a lot of people inquiring about the home, some of which may not be serious inquiries and some may even be part of a scam. Be cautious of prospective tenants that offer you something that sounds too good to be true.   With a REALTOR: A licensed REALTOR can help you rent out your property, with assistance for you on pricing, advertising, showing the property, screen applicants, and documentation. If you don’t think you want to handle finding a tenant yourself, or just want a professional to take care of it for you, get a REALTOR to take care of it…

 Albert Kantarjian
Albert Kantarjian Salesperson (519) 816-4222 (519) 251-1611

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