With the volatile nature of stock markets in previous years a great alternative to investing is purchasing income producing properties and becoming a landlord.
Real Estate historically has always been a sound investment in the Ottawa area as evidenced by steady increases over the years.
While real estate is a great investment and always increases, there is a negative side to this type of investment. Real Estate is a tangible asset and needs time to liquidate, while on the other hand, stocks, an intangible asset, can be sold within the same day.
However, if you have the staying power to hold on to your income producing property or properties it can become a great retirement fund.
The Advantages of Becoming a Landlord
Becoming a landlord can be one of the best, most profitable decisions you'll ever make. If done correctly, the reasons for becoming a landlord are many. You can generate cash flow through rental income to pay for carrying costs, repairs and replacements while building equity for free. Your best bet is to invest in newer properties to limit costs associated with repairs and replacement.
There are various options available for funding income producing properties and your Royal LePage Sales Representative has the expertise to help. They will provide you with information on preferred areas, financing options, finding and qualifying of tenants and so much more. For a Cost Benefit Analysis contact one of our trained professionals today.