SHARI JOHNSON Realtor - Tradewinds Realty inc Email: Shari@novascotialiving.ca
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Investing in Income property

Remember, the resale and the rental markets can be cyclical and can experience major fluctuations over time.

On the income side, your plan should include provision for times when your property may be vacant between renters as well as possible changes in the rents you may need to charge to attract tenants. On the expense side, you should have provision for increases in interest rates after your current mortgage term expires and also be prepared by starting a fund to cover repairs and other major expenses such as roof repair or furnace replacement when such large expenditures become necessary.

Once you have researched and decided that purchasing an investment property is for you, I will be happy to help you find a property that meets your needs, and get your investment started today.

 
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