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Frequently Asked Questions

Quickly find answers to your most common questions

Frequently Asked Questions
Quickly find answers to your questions

How much down payment do I need to buy a plex?



The required down payment depends on the type of income property and whether you will live in one of the units.

Is a plex a good first real estate investment?



For many buyers, a plex is one of the best ways to start building wealth through rental income and real estate appreciation.

Should I buy a duplex, triplex or fourplex?



The right choice depends on your budget, investment goals and desired level of property management.

Can rental income help me qualify for a mortgage?



Yes. Many lenders consider a portion of the rental income when evaluating mortgage qualification.

How do I know if a plex is profitable?



A proper analysis should include rental income, operating expenses, renovation costs and future growth potential.

Do I need to live in my first plex?



No. However, owner-occupied properties may offer financing advantages for some buyers.

What mistakes should I avoid when buying an income property?



Common mistakes include underestimating renovations, overestimating rental income and skipping financial analysis.

Can I become a real estate investor with an average salary?



Yes. Many successful investors started with a regular job and built their portfolio over time.

Is real estate still a good investment in Canada?



Real estate remains one of the most popular long-term wealth-building strategies when purchased with a solid investment plan.

How do I finance my first income property?



Financing depends on your income, credit profile, down payment and the property's rental income.

Why work with a real estate broker who specializes in income properties?



A specialized broker can help you analyze opportunities, understand the numbers and make informed investment decisions.