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Rental Properties

What’s better than paying off your mortgage?

Having someone else pay it off for you! If done properly, buying an income or rental property is possible with no money out of your pocket and without having to personally repay anything. In fact, with the right mortgage broker and real estate agent, you can actually make money every month.
Rentals
Couple Looking At Rentals

Benefits to buying an income or rental property

Helping people achieve their goal of owning a rental property is a big deal to us. Don’t get us wrong, we love helping people get into their first home, but we also really love helping people buy their first rental property. Let us guide you through the process and find the best mortgage solutions for your goals.
Invest in your children’s future by securing their first home at today’s prices
Buy your retirement home now, and have someone else start paying the mortgage for you
Start to diversify your investment portfolio with real estate.
The right income property can see 45+% annual return when factoring in principal payment, market appreciation and cash flow

Rental properties have proven to be the best investment over time.

Why? It comes down to numbers. Instead of owning just one property that increases in value over time, you own two that increase in value over time. 

All of this is done by the power of “leveraging.” Leveraging in this case is borrowing money to your advantage – the bank is lending you the money which enables you to purchase and own that rental property. All you need to start is your own home that has a decent amount of equity!
Realty investor sipping coffee
Curious about your ability to purchase a rental property?
A 15 minute conversation with us could change your financial future.

The rental property mortgage process

Pre-Approval

Getting pre-approved helps you understand how much you can borrow and strengthens your position when making an offer.
Finding the Right Income Property
Work with a real estate agent to find rental properties that fit your investment strategy in Victoria.
Mortgage Application
Submit your mortgage application with all required documentation.
Closing
Finalize your mortgage and complete the purchase of your rental property.
David and his team walked us through the entire process with ease. He showed us how much extra funds we could comfortably borrow, and what our monthly payments would be. He also helped us develop our strategy for purchasing a rental property, all by using our existing equity and without additional monthly costs. I did not think this was possible before we met David!
Tammy and Ryan Lancaster
No matter where you are in the buying process, its always the right time to setup a call with a mortgage specialist!
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At Olympic Mortage, we want the best for the people around us. We care for our clients, whomever they are, wherever they’re from. Everyone gets the best of us, because that’s what we want to be putting out to the world. So go ahead, try us.

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