Quotes of the Day

A good example of a core investment (lower-risk investments with lower return potential) is buying a brand-new home in an established, mature neighborhood with a thriving rental income. The tenant is already in the home and has a stable income and a good history as a renter. You also have a thorough understanding of the expected appreciation over time in that area. Core investments are suited to investors who want stable rental income while minimizing risk as much as possible. [2020] - Symon He

Most owners when renting their unit will go the easy route and rent it unfurnished and ask for a minimum one-year lease. But there can be many advantages to renting the unit furnished. Furnishing your unit requires a large capital outlay that can be $10,000 or more, depending on the furnishings and size of the condo. Not only would you be bring furniture, but also the accessories, art, lighting, kitchenware, etc. The benefits of doing so can translate into higher rents. Corporate clients, travellers and individuals in between homes are willing to pay the premium for a furnished condo. The downside of a furnished condo can be the short lease terms. While the rent may be higher during months of occupancy, you may also have many months of vacancy where you have to carry your mortgage costs. It's important to evaluate your market and the demand for furnished condos to determine if this would be the right route for you. [2012] - Brian Persaud

Clients don't buy products or services; they buy end results. [2000] - Jay Abramham

If you have any desire of being rich, you must focus. Put a lot of your eggs in a few baskets. Do not do what poor and middle class people do: put their few eggs in many baskets. [1998] - Robert T. Kiyosaki

If you are a property investor, the lender will also look at your rental income and may be able to use that income to offset your debt. However, most lenders will not give you any credit for this rental income unless you have been a landlord for more than two years. In addition, no matter how long you've been a landlord, you likely will never get 100% of the rental income counted toward you. They will likely give you 70%-80% just to be safe on their end. [2015] - Brandon Turner