3 Common mistakes people make when buying investment property
1. Bidding too high or getting into bidding war. If you over pay on a property, it already seems like a bad investment.
2. Buying a fixture upper that’s a great price but ends up costing more than it’s worth with renovations
3. Not getting a pre-approval. Just because you have 20% downpayment saved doesn’t mean you’ll be approved for the mortgage amount you’ll still need.
Info Provided by:
The Mortgage Centre-Hometown Financial
Lic#13028 Independently Owned & Operated