Things To Consider When Investing In A Rental Property in Red Deer!

Purchasing a rental property is a great investment, if you buy the right one(s)! There is a lot to consider when purchasing a rental property. Consider things like the neighbourhood it’s in and the type of tenants it will attract. Is it near schools (being close to the college will attract college students as renters)? Is it a high crime area? Is it close to amenities, like shopping, recreation facilities, transit, etc? What is the amount of vacancies and/or listings in the area? If it is quite high, there may be problems with attracting tenants to this area. Read this article for Top 10 Features Of A Profitable Rental Property.

Here is a little more info on Rental Properties with Secondary Suites in Red Deer. This also applies to your own home if it has a secondary suite.

If you are looking to purchase an investment property in Red Deer or Central Alberta or have any questions, please contact me!