Expertise
A strategic approach based on concrete data and an in-depth knowledge of the multiplex market.
Investing in Multiplex
The multifamily real estate sector is a timeless investment offering unparalleled benefits, catering to the perpetual need for housing. It allows for financing up to 95% of the property's value. Let's explore together the wealth potential of rental properties.
Your Partner in the Purchase of Multiplex
With unparalleled expertise, unwavering support, years of built trust, and a straightforward process, I am here to assist you at every step of your real estate journey in the purchase of your multiplex.
Trustworthiness
Over 5 years of successful experience, marked by superior customer service and unwavering dedication.
Profitability
A commitment to optimizing the profitability of your investments, with a clear vision focused on tangible results.
Tips for Beginner Buyers
Here are three essential tips for a beginner buyer looking to invest in a multiplex.
Assessing Your Financial Situation
Determine your budget based on your borrowing capacity and the money you can contribute as a down payment. Calculate additional costs such as closing fees, taxes, insurance, and any necessary renovations.
Mortgage Pre-Approval
Obtain a mortgage pre-approval to understand your actual borrowing capacity. This gives you an advantage in negotiations and demonstrates to sellers that you are a serious buyer.
Defining Your Search Criteria
Decide on the number of units you want to acquire. Consider the location, local amenities, and the neighborhood's growth prospects. Seek the guidance and advice of a real estate broker to assist you in the process.
The Advantages of the Path to Financial Independence
One of the primary advantages is the ability to generate rental income to offset mortgage payments, providing financial stability. When purchasing collaboratively, investing in a multi-unit property leads to shared finances, thereby reducing acquisition and maintenance costs, making homeownership more attainable. Moreover, it serves as an excellent starting point for building a profitable rental portfolio.
Multiply Your Income Through Investment
Investing in a multi-unit property provides you with the opportunity to generate a stable rental income. Rental payments from tenants become a reliable source of income, helping you strengthen your financial position and achieve your financial goals. It's an effective way to maximize your real estate investment by ensuring regular income.
Investing Together: Share Costs, Maximize Gain
One outstanding advantage of investing in a multi-unit property is the opportunity to share costs with loved ones. You can purchase a building with family members or friends, reducing financial pressure and responsibilities on a single individual. This enhances financial stability while creating opportunities for collaboration among property owners.
Seizing Affordable Real Estate Opportunities
Multi-unit properties provide an affordable real estate investment option. Compared to buying multiple individual properties, a multi-unit building can be more cost-effective in terms of acquisition costs, property taxes, and maintenance. This allows you to enter the real estate market with a lower initial investment while benefiting from significant rental income potential.
Because Sometimes It's Better to Discuss It Over the Phone
Considerations for a Purchase
01. Reside or Lease
Take control of your destiny by choosing to be an owner-occupier or investor. Regardless of your choice, consider future tenants. Prepare to draft listings, conduct credit checks, lease agreements, and assume the responsibilities of a property owner.
02. Maximize Your Income
At the time of purchase, ascertain the income generated by the duplex. Are they stable with long-term leases, or are the units vacant? Explore local rental prices to accurately estimate potential income and set rent
03. Budget and Peace of Mind: Acquisition Costs
Analyze the full spectrum of costs, from the initial purchase to fees, including insurance and closing costs. Consider legal fees, tenant selection, and maintenance expenses. Ensure everything aligns with your budget, as a more affordable property could be the key to your success.
Jamil Demers
Residential Real Estate Broker
- Phone
- Address
180, Peel street, suite 100
Montréal, Quebec, H3C 2G7
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