Condo Buying Strategy

by Richard Maczynski
(Kitchener, Ontario)

Hello,

I am in a process of buying a condo as an investment property. I plan to move in to this property after I retire in 8 years.

What strategy should I use? Mortgage or my line of credit (over $200,000 limit). I am considering buying more units.

Is there any great mentor in Kitchener-Waterloo that could help me?

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Apr 01, 2013
RE: Condo Buying Strategy
by: Tom Karadza

Hello,

Thanks for your question.

Without knowing more about your personal financial situation and goals for this move it's difficult to answer.

In general a mortgage is preferred over a line of credit.

We work in the Kitchener-Waterloo area if you'd like our assistance. Just reach out to Kayla@RockStarBrokerage.com

Tom.

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