The buying and selling of income property involves entering into a series of contracts and agreements. Every contract and agreement is important, but the three most important ones are the Purchase and Sales Agreement, the Lease(s), and the Mortgage (for the purpose of this commentary, the Mortgage and a Deed of Trust will be treated […]

At the same time you purchase a property, you need to have an exit strategy. That exit strategy should include the estimated length of time you expect to own the property. That information is critical for determining the type of mortgage you secure for the property. As an example, if you intend to sell the […]

There are two certainties with lenders: They incur a cost to the money that they lend, and they are in the business of making a profit. Their offset to lending at below market rates could be in the fees, penalties or new rates that they charge. Most of the time below market rates translate into […]

Managed correctly, a variable rate can be a useful tool. However, the lower monthly cost of debt service should not be the sole criteria for choosing a variable rate. Buying income property comes with expectations and demands: Investing in capital improvements, reducing expenses, raising rents and selling the property. These expectations should not conflict with […]