Congratulations on making the decision to buy an income property. As your accountant will attest, investing in real estate can help you build wealth in a number of ways. On a personal note, I’ve learned a lot about buying and owning multiple residential and commercial properties in my years as a Real Estate Broker and landlord.
In fact, it’s because of my own first-hand knowledge and experience in this area that I am particularly well suited to assist investor clients along the same path (it’s actually one of the aspects I enjoy most about my role). The best part: with the right team in place, it’s not difficult – we can do it together. I recommend consulting with an accountant and lawyer before purchasing; their professional advice will set you up properly to mitigate personal and financial risks.
Not sure how to compare which investment property will provide the highest return? Take a look at the table below. It provides a high-level overview of some of the most common calculations investors use to determine which will perform best.