How to buy your first rental property? (step by step)
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- Опубликовано: 3 авг 2024
- In our latest RUclips video, "How to Buy Your First Rental Property? (Step by Step)," we've broken down the essential topics for aspiring real estate investors. We begin with an introduction and delve into the two key reasons for buying real estate - appreciation and cashflow. Discover the strategies for today's market and learn if real estate investing is the right path for you. Don't miss the insightful insights we've packed into this video. Watch now to kickstart your real estate journey!
Link to rental analyser : www.growwithnav.com/money-tools
Buying properties and renovating for appreciation in Calgary - • Buy - Rezone - Demolis...
I am a licensed mortgage agent M21004312 working with Dominion lending centres, Valko Financial FSRA13047. I work with over 60 lenders including the top banks to provide an array of mortgage products that are suited to your needs. I can help you with your housing needs across all provinces in Canada (except Quebec).
00:00 - Intro
00:35 - 2 Reasons to Buy
01:13 - Buying for appreciation
10:10 - Buying for Cashflow
16:03 - How would I do it today?
23:30 - Investing is not for everyone!
25:58 - Outro
I help First time home buyers & investors make smart realestate decisions based on numbers and not emotion. Want to book a call 👇 (It's free 🥳)
www.growwithnav.com/book-a-call
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MORE ABOUT ME 👇
My mission is to provide you with actionable content that enables you to build your wealthand live up to your potential. I came to Canada with my wife (Simran), during the pandemic in 2020, started with very little money, no job - to today, where I recently quit my job after building my side hustle to a cool 6-figures in revenue. I have met so many amazing people and mentors along the way, and I want to bring everything that I have learnt and continue to learn to you via this channel.
Subscribe if you are interested in:
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DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion.
One of best video on rental properties.
Great job!
Keep it up👍🏻👍🏻
Perfect explanation as always! Thanks Navjot!
Just like everytime , amazing explanations
Thank you for putting out your market wisdom in a lot simpler manner. Appreciated
🙌
Hi, I like your videos. Very informative. Could you please make a video on credit cards. Which one is beneficial for who. Could not find much information on RUclips.
Check my latest video
Thank you for the detailed explanation
🙌🙌
@@growwithnav 🙌
Good Work bro!! You can easily get a no condo fees Townhouse in Calgary for about $500k and no rental control by the builders. I am against this Rental guarantee just for the reason that builder actually have the rental guarantee price included in the sale price.
Superb explanation 👏🏻 Navjoth
🙌🙌
Please make more vids like this!
For sure
Amazing explanation with numbers! What do you think will happen with real estate if govt changes in the next term as the leader of opposition is planning to ease the building permit process and make more land available for construction?
How can I generate a cashflow to support my mortgage by renting out basement? It is walk-out with finished full washroom but without any kitchenette. Do you have any suggestions?
Question: When you mention that almost 80% value of the property can be taken as loan and the bank will deduct whatever is due and provide 90k, why do we have to pay the mortgage if the new loan is paying for the previous ones? Or is it like the previous loans still stay and we will only get the seed money for the appreciation?
Great indepth information 🎉🎉🙏Thanks for all the research you do to share with us!!
If the expenses and mortgage match -break even - is it better to buy an investment property for having assets and may be some tax benefits
Great Insight Brother..!!
Sad to hear your US thing got jammed up..Dont worry Something will come up..
Q:- I am coming on work visa at BC, Can I bring my money from India and buy house in BC with that? Any insights ..
Do make video on such India to Canada transactions for freshers.
Thanks
Can you buy rental/investment property if you are still renting and have not bought your home yet? Can I delay first time home buyer benefits for my first home if I buy rental property first?
Cash is king for next 1 to 2 years as the world started seeing wars that will be polarised soon. Recession is already and worse in 2024. Will get good deals if people have patience
Who do you guys use for your property management ?
We have a property manager.
The number is there in our calgary video on cashflow.
Hey Nav,
I really appreciate the efforts you've put into creating this content.
Since I come from a finance background and have worked in real estate in Mumbai. it completely make sense to me why crunching numbers is so important.
I wanted to make a request.
Could you please consider making a video on what aspiring students should do when they are legally allowed to start investing in real estate? As a current student myself, I'm sure many others are also keen on owning property or investing in real estate, but we often lack a structured pathway.
In my mind, it could involve strategies like saving for a down payment in a TFSA (Tax-Free Savings Account) and gathering knowledge about real estate.
What's the right way to collect knowledge in this field? How can we stay updated on the latest trends and changes in the real estate market?
Your insights would be incredibly valuable for students like me who are eager to make informed investments in real estate.
Thanks in advance!
I am on a work visa, Can I purchase rental property in Canada? I am living in Canada for 2 years
What about the taxes on cashflow income and annual property taxes?
I have included the property taxes. Taxes on cashflow won’t make the cashflow negative. Ofcourse we will be taxed on Income - expenses.
Yar paa g app itni achi vidoe kio banaty ho?? Ab muje aik or investment property buy kerni perni
Why Calgary will grow when Ontario and Vancouver will crash?
Where are these houses that cost 450k and generate 4k in rent!?
Calgary. And you need to make some improvement to get those rents. As is, they would be about $2500 as the basements aren’t rentable yet.
You will get similar in Windsor, Sudbury, thunder bay etc too. But I like Calgary a little better for these.
good point.. and one of the fallacies of the whole argument.. other key things missed out are assumption of 10% rent appreciation, forced appreciation of property rates with reno and taxes are ignored.. this might turn out negative cash flow as well.
I think townhouse is not even worth 820k now
It’s a really nice townhouse :)
Wow, still drinking and selling Kool-aid. Realestate is bad investment.