9 Real Estate Investing Mistakes That Can Cost You Big Money
June 17, 2024 ⚊ 1 Min read ⚊ Views 19 ⚊ BLOGKamal Pillai, a real estate agent at The Canadian Home Realty, shared that many investors struggle to understand the market’s current situation and end up choosing the wrong type of mortgage, which can hurt a property’s profitability.
To avoid this, Pillai recommended conducting in-depth research before signing the dotted line on the mortgage terms and conditions papers. If you plan to sell the property shortly after buying, he suggested going for a variable-rate mortgage. Also, with interest rates going up, he advised picking a variable rate instead of a fixed-rate mortgage.
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