Investment properties are income-producing properties, such as rental properties. These are purchased to create another stream of income while also increasing an investor’s net-worth and equity position in the real estate market.
Although it is true that mortgages for investment properties are slightly less attractive than owner-occupied properties because they usually come with higher interest rates and stricter down payment requirements, this is offset by the additional stream of income created, tax write-offs, and increase in net worth. These can be so attractive that we’ve even worked with clients who own 17 different investment properties!
Contact us to learn more about these types of mortgages, and how you can benefit from them.
