Owning a piece of real estate has many benefits for the owner. Building wealth and owning a place you can call home are all advantages to owning property in Montreal and the surrounding areas. In situations where a traditional mortgage cannot be secured for a variety of reasons – including poor credit history or lack of an adequate down payment – there are other options available to still make it possible to own a duplex or a triplex in Montreal.
With a rent to own program, you get the benefit of gradually moving into home ownership status, even if you can’t secure a traditional type of mortgage from a big lender. With a rent to own home, you can move into your property right away, and begin making payments with a portion that go towards your down payment and equity. As you make your monthly payments on time, you can help build / repair your credit. You don’t have to have great credit to qualify for the program either. As long as you have good income and about 5% down, you can qualify to buy a home on the rent to own program.
Why Invest in a Multi-Plex Building?
When you purchase a duplex or triplex, you really are making a possibly fruitful investment. Owning a multi-family property such as these can provide you with both a residence as well as an income-generating source. While you live in the duplex and pay your monthly payments, your rent collected from the other unit(s) helps to reduce your monthly obligation. Doing so can actually cover most if not all of your monthly payments, and help you live rather comfortably with minimal payments each month!
Getting Help When a Conventional Mortgage is Difficult to Secure
Building equity and wealth through investment in a rent to own duplex program can be made simple with the assistance of seasoned professionals at Muxaro. Muxaro has all the tools and expertise necessary to help you realize your dream of owning a multi family property that can be your home as well as an income-generating source for you and your family!
Call Muxaro now at 1 514 225 6706 and start looking for your dream property right away!