Valley First

Buying An Investment Property

If you’re considering a mortgage for a property you’d like to rent out, we can help. Having a rental property can provide you with a steady income now, while accumulating equity in an asset that is likely to increase in value over time.


Things to consider

  • Leverage the equity in your existing property
  • For a non-owner-occupied rental property, you’ll need a down payment of at least 20%.
  • Factor in any needed repair and refurbishing costs into your mortgage amount
  • Get a construction mortgage to build a new house on your rental property


If you rent out your home for over 15 days a year, you’ll need to report the rental income you receive, but you can then deduct expenses incurred to maintain and clean the home.


Have a question? Simply contact us and we'll provide you with the information you're looking for.


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