Real Estate Investing

by Abdul
(BC)

I work full time in a company and get a monthly pay cheque. I have my own house, with 50 percent of the mortgage balance on it. I have 50k that I would like to invest in buying properties. Should I pay the whole amount as a down payment and reduce mortgage interest, rent the property to have steady income monthly coming until I pay off the mortgage, then I will own the property.

I pay lots of taxes in my current job how can I save it.

Thanks
Abdul

Comments for Real Estate Investing

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Jan 18, 2013
 RE: Real Estate Investing...
by: Tom Karadza

Hi Abdul,

This is a BIG question.

I would advise that you sit down with someone on our team (if you're close to us) so that we can better understand your situation and your goals. With this much information it's difficult to provide a complete answer.

You can meet us at an upcoming introductory training class by registering at http://www.CanadianRealEstateTraining.com

If you're not close to us then I would make an appointment with a very experienced financial planner to get your questions answered.


Tom.

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