Real Estate Blog

What to Know About Investing in Multi-Family Rental PropertiesLooking to expand your real estate portfolio? Investing in multi-family real estate might be the right choice for you. Purchasing a multi-unit dwelling to stuff with tenants could provide reliable passive income and property appreciation as long as you hold on to it. The process isn't as simple as buying a building and filling it with tenants. However, when you break it down into smaller steps, purchasing a multi-family rental property can be one of the most straightforward and reliable types of real estate investments.

For informational purposes only. Always consult with an attorney, tax, or financial advisor before proceeding with any real estate transaction.

Minimum Down Payments for Multi-Family Investments

First and foremost, you must

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Vacation Home Buying Guide

Considering buying a vacation home? If so, there are plenty of factors to consider before taking that financial (yet potentially fruitful) leap. After all, vacation homes are different from first homes. A homeowner's application will be reviewed differently by lenders. They will likely have a much better experience the second time around if they have been able to repay their mortgage steadily and consistently.

The responsibility of owning a vacation home cannot be underestimated, regardless of the purpose for which it was purchased. Some Canadians take steps to invest in property—like a single-family home or a condo, for example—to create passive income streams. For others, a vacation home away from home is all they need. Vacation homes for personal

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How to Maintain Your Vacation Home From Afar

Vacation homes can be an excellent investment for those who plan to rent them out and those who intend to keep them unoccupied. Having a dedicated place like a condo to visit each year is a delightful benefit, especially if the home provides a unique surrounding to the primary residence. However, managing a vacation home from a distance is not as easy, but it can be manageable. With the following tips, owners will know what to do to maintain their vacation homes when they aren't there.

Install a Security System

Home security is a factor of the structure itself, and there are security systems homeowners can install. People can tailor their options to their goals when choosing a home security system. Common systems include:

  • Doorbell cameras
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What it's Like to Live in Upper Mission

The Upper Mission neighbourhood in the city of Kelowna has a lot going for it. Uphill from much of the rest of the city, Upper Mission offers some incredible views of Okanagan Lake. From the new construction homes at the peak of the hillside to the waterfront properties next to the lake, residents have easy access to some great local parks, several wineries, and proximity to Kettle Valley Village Centre. Here are all the reasons to love living in Upper Mission, Kelowna.

Proximity to Kelowna Parks

The Woodhaven Nature Conservancy Regional Park is bordered on its west and south sides by Raymer Road in the Lower Mission community. This 30-hectare park is home to four natural ecosystems:

  • Black cottonwood
  • Douglas fir
  • Ponderosa pine
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Why Should You Love Living Near Myra Canyon?

Between the local hiking trails, golf courses, water recreation, natural landmarks, and wineries and vineyards, there are always many fun things to do in Kelowna. Among its landmarks, Myra Canyon is popular with locals and visitors alike. Located approximately 25 kilometres southwest of downtown Kelowna, it's home to several attractions that make it an outdoor lover's paradise. Discover four reasons why people love living near Myra Canyon below.

Myra Canyon Adventure Park

Explore the area's natural beauty high up in the trees at Myra Canyon Adventure Park with aerial courses, zip line routes, and more. This outdoor high ropes and zip line park is surrounded by gorgeous, steep-walled Myra Canyon and is less than 30 minutes from the city of Kelowna

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What to Know About Buying Your First Rental Property

Investment properties can be profitable, come in many forms, and are a solid addition to one's financial portfolio. These investments can establish a steady influx of cash, tax breaks, and capital appreciation.

Because real estate investment endeavours can be labour-intensive, selecting the correct route is essential. With that in mind, here are some solid tips to get started with buying your first investment property.

Consider the Common Types of Investment Properties

There are four primary properties to explore before investing:

  • Flip and turns
  • Residential rentals
  • Vacation rentals
  • Commercial properties

Here are their pros and cons to help investors go into the project with open eyes.

Flip a House and Turn It for

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Why Should You Love Living in Kelowna?

Many people who come to the city of Kelowna for a vacation move here permanently—it makes quite an impression on them! From sandy Kelowna beaches on Okanagan Lake to the beautiful weather and the arts and cultural destinations, the city has much to offer. The winters are warmer than in most other parts of Canada, making year-round activities possible. Nearly half of the grape vines in British Columbia are here, too, making the Okanagan Valley the "Wine Capital of Canada." Here are five reasons to love living in Kelowna, British Columbia.

Easy Access to Okanagan Lake

Okanagan Lake is the center of activity in Kelowna during summer. There are several kilometres of sandy beaches on the lakeshore, with easy access for residents to get out and enjoy

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Should You Manage Your Property or Hire a Property Manager?

Multi-family housing can be an excellent way for people to diversify their investment portfolio while generating passive income. However, before purchasing a multi-family property, buyers should consider how they want to manage it. Will they become an on-site landlord or live elsewhere and hire a property management company?

These are big questions because not everyone has the desire or time to be a hands-on landlord. While some buyers prefer using a property management company, others may be thrilled at managing their property. Here's a comparison of these two methods.

What Is a Property Management Company?

A property management company is what its name suggests: a company that manages properties. When someone hires a property manager, the

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How to Market Your Investment Property

One of the keys to successfully investing in a rental property is to avoid extended vacancy periods. Therefore, the way to keep a high tenancy rate is to market the property correctly. Several things factor into this, from crafting a great listing to simply being a good landlord. Here are some tips on how to market your investment property.

Craft a Great Listing

Creating an excellent listing is the first step in marketing an investment property. The single-family property, condo, or multi-family home should sound as enticing as possible. The owner should consider what they would most want to know about the property if they were looking for a rental and highlight those features in the ad.

A great listing should include the essential features

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Design Tips to Maximize Space in a Condo

If there is one thing that urban condominiums have in common, it may be that they are sometimes short on square footage and light. This isn't necessarily a problem, but it may be challenging to choose furnishings and lighting that add to the illusion of spaciousness. You'll want to focus on comfort and style, make an effort to maximize storage, and arrange furniture in a way that doesn't crowd existing space. Here are some creative ways to increase space in your condo.

Small Condo Design Ideas: Choose Furniture Wisely

Using furniture that does double duty is one of the best ways to boost functionality and gain visual space in a compact condo. Make use of vertical space by using wall space to compensate for limited floor space. Tall, narrow

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