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Written on June 15th, 2016

Every good plan starts with building a foundation, the plan will rely on the foundation for years to come. Now that you have decided to pursue the acquisition of real estate (property #1 purchased and successfully rented…check!) as your vehicle to build wealth it’s time to stay the course and add the next layer. We will continue on from Part 1 and build upon it. The information here can be duplicated for property #3, 4…and so on.

For this scenario we are considering the acquisition of property #2 at the end of year 3. Based on the estimated market value, the subject property will cost $245,863 to purchase and (in the perfect world) we are buying another one in the same building. Sticking with a simplistic scenario the current market value of property #1 is $245,863. The plan that had been laid out in the beginning comprised the combination of leveraging equity from other rental properties and savings to acquire the ‘next’ property.

 

For Full Details Visit Link: https://dominionlending.ca/news/creating-a-pension-plan-part-2/

 

Brought To You By:

Dave, Cindy and Amanda Walker

The Walker Real Estate Team

19 Year Emerald Medallion Members

HomeLife Benchmark Realty

#1 1920 152 Street

South Surrey, B.C. V4A 4N6

604-889-5004 or info@WalkerRealEstate.ca

www.WalkerRealEstate.ca

Kimberly Walker, Mortgage Broker

Cindy Walker, Licensed Assistant

14 Years Mortgage Experience

Dominion Lending Centers

Valley Specialists

#111 20434 64 Avenue

Langley, B.C. V2Y 1N4

604-889-5004 or cindywalker@shaw.ca

www.WalkerMortgages.ca