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Updated over 4 years ago on . Most recent reply

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Umang Rajyaguru
  • Halifax, Nova Scotia
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Real estate rookie, a complete begginer

Umang Rajyaguru
  • Halifax, Nova Scotia
Posted

Hey guys,

Myself Umang, since last 2 months i have been researching about getting into real estate as a business from investing point of view. Have so many questions that pops in my head while listening to the podcasts.

When analyzing a deal, we need to know rents we could get, what is the best way to know that and making a shift from primary residence to first rental property, how do you get financing done?

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687
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Roy Cleeves
  • Residential Real Estate Broker
  • Kitchener, Ontario
370
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687
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Roy Cleeves
  • Residential Real Estate Broker
  • Kitchener, Ontario
Replied

@Umang Rajyaguru You can get an idea of rental rates from Property Managers.  Select a couple and call them and find out what they say rental rates would be for the area you want to invest in.  And for approval for the financing talk with Mortgage Agents that specialize in rentals.  Keeping talking to many of them until you find the one that figures out how to help you.  Good luck.

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