Income Properties (Multiple Kitchens)
History suggests that when you hold properties for long periods of time you will build equity and when a renter is paying your mortgage it is money in the bank. Purchasing a property with multiple kitchens in a good neighbourhood is ideal when choosing an effective income property. There is no reason you cannot realize income from a property with one kitchen but having two kitchens usually means more potential income and more renting options. Not to mention, a property with two kitchens is usually easier to sell if that became necessary. Having an exit strategy should be a part of every real estate investors plan.
If you are considering investing in real estate or purchasing an income property I can help you create an effective plan to realize the most out of your investment. Please “contact me” anytime to discuss any questions or concerns you may have.