First Rental Property

Hi Friend,

I hope you are doing well.

If you are just starting out in the real estate investing game, you are probably learning about the concept of Leverage.  You are also probably trying to figure out if leverage is good or bad.

The power of leverage in real estate is a great thing, and leverage should be used in order to buy rental property.

A common question that I get asked by new real estate investors is:

Am I able to use the equity in my home in order to buy a rental property?

A follow up question that I get asked after this initial question is:

“How do I do this?”

For starters, it all depends on where you live.  The rules imposed by Lenders differ depending upon which Country, Province, State, or Territory you live in.

If you reside in Canada, then you should know that most Lenders (Banks) will allow you to Leverage your principal residence (property you live in) up to 65%, 80% or sometimes even higher.

The percentage in which the Lender will allow you to Leverage your property depends upon the lending product that they are providing you with.

For instance, the percentage in which your principal residence can be leveraged will vary if you are requesting from your lender a ‘secure line of credit’ or if you are requesting a ‘re-finance’.

A question that experienced real estate investors begin to ask is:

Can I refinance one rental property in order to buy more?

The answer to this is YES.

Refinancing existing rental properties is a great way in order to purchase more rental properties.  This strategy is used by many successful real estate investors.

Bringing it back to basics, as a new real estate investor you need to determine if you have enough equity in your principal residence in order to leverage it so that you can buy your first rental property.

Don’t delay. The Power of Leverage is an amazing thing.  It can help make your dreams of buying a rental property reality faster than you ever thought possible!

Happy Investing!

Neil Uttamsingh

ps: I am an experienced Real Estate Investor and  licensed Realtor.  I help people like you everyday purchase their first rental property.  If you have any questions or are looking to buy a rental property, feel free to get in touch with me.  Send me a note at NEIL@FIRSTRENTALPROPERTY.COM and I will help guide you through the process!

Hi Friend,

I hope you are doing well.

The expert marketers at Nike once coined the slogan, Just Do It

What a great slogan this has become.

It is such a great slogan that it can literally apply to any aspect of your life.

What were the experts at Nike thinking when they came up with such a slogan?

Just do what?

Just buy Nike shoes?

I have no clue what they meant to be honest, and probably most people had no clue either.  What I do know is that this slogan is a perfect slogan for new real estate investors to  live by.

When a new real estate investor is on the fence and deliberating whether or not they should buy a rental property, I say…

Just Do It.

If you are a new real estate investor looking to buy your first rental property, you need to Just Do It  because:

• Most people don’t ‘Do It’
• Be different, and make things happen
• If you don’t ‘Do It’ and buy a rental property you will not benefit financially
• There will always be fear associated with buying a rental property
• Real Estate education is good, but over thinking and second guessing yourself is not
• You could be able to fund part of all of your retirement if you invest wisely in rental properties
• You will become an entrepreneur and will be able to share your experiences of owning rental property with others
• You will learn with time, that owning a rental property is not hard.  You just have to stay committed to it

I think that one of the reasons why Nike was so successful with their slogan is because it resonated with people on many levels.

People like action takers.  People gravitate toward others who say they are going to do something, and they do it.

Keep this all in mind as you navigate your way towards purchasing your first rental property.

Happy Investing!

Neil Uttamsingh

ps: I am an experienced real estate investor and Licensed Realtor.  I help people like you every day purchase their first rental property.  If you are interested in buying your first rental property, send me a message at NEIL@FIRSTRENTALPROPERTY.COM and I will help guide you through the process!

Hi Friend,

I hope you are doing well.

Today is an exciting day!

I am going to be travelling to Florida…

Well not really! (Sort of)

I am going to be meeting in Toronto with some real estate agents from Florida.

They are here in Toronto this evening and are going to be speaking about investment opportunities in Florida for real estate investors.

As all of you know, First Rental Property represents buyers and sellers with the purchase and sale of real estate world wide.

As such, I have great interested in attending this meeting.

I am most interested in finding out what sort of cash flow opportunities exist in Florida.

If there are some great deals to be had, I will be letting all of you know.

I do however like to go and check things out myself, personally before I make any endorsements.

So please stay tuned and check back into the blog.  I will be reporting back on what I thought of my meeting with the Florida real estate agents.  Most importantly, if there are great cash flowing deals in Florida, I will be letting all of you know about these opportunities!

Happy Investing!

Neil Uttamsingh

ps: Remember, if you are looking to buy your first rental property, we can represent you with this purchase.  Email me at neil@firstrentalproperty today for more details!

[youtube]http://www.youtube.com/watch?v=isiOXsubqAI&list=UUAQKmDw-TSCMWJrDF-pRs3g&index=1&feature=plcp[/youtube]

Hi Friend,

I hope you are doing well.

Earlier this month I wrote a blog post called, First Rental Property To Make A Huge Announcement In September.

The rumors are true.

First Rental Property will be making it’s BIGGEST announcement EVER, today at 8pm EST.

The news is going to be very significant for those of you who are new real estate investors or who are looking for advice on how to buy your first rental property.

Stay tuned!  The news is going to be GROUND BREAKING!

Best Regards,

Neil.