Building Boardwalk is dedicated to bringing you real-life, tried and tested strategies and tactics for investing in Real Estate. We keep it simple and effective. Whether you’re completely new to the business or looking for a new point of view, welcome. We’ll start with key questions all Real Estate Investors need to ask themselves before diving into more in-depth topics. We’ll even get into the nitty gritty of down payments and finances. And as always, feel free to reach out…
You may have been hearing about the Bank of Canada’s rate changes in the news lately. As a future or current property owner, it’s always important to understand how the Bank of Canada rate changes affect your mortgage. COVID-19 has been having distressing updates in the news recently and a significant consequence has been the impact on the economy. To try and offset some of this, the Bank of Canada has decreased it’s interest rate. In general, a decrease in…
If you’re here, you already know what a credit score is and why it matters. So, you won’t be surprised to hear that your credit score is critical to buying any real estate, whether its a house, condo or a plot of land. In this article, we’ll explain how your credit score impacts buying property and then how you can improve it to maximize your buying power. The Impact Lenders, such as banks, will use your score to determine whether…
Your credit score is critical and you build it up (or bring it down!) without even thinking about it. In this article, we’ll keep it simple and break down what is a credit score, why your credit score matters and some other good-to-know points. What is a credit score? Your credit score is a measure of your credit trustworthiness, aka your credit risk, aka how likely you are to repay debt. A higher credit score means you’ve dealt responsibly with…
This classic question is plaguing millennials everywhere. Can you afford it? Are you ready to make the commitment? Is it the right time? What you decide to do depends on both financial and personal factors. And we’ll give you a rundown. You could be moving out for the first time or already renting for a few years when the question will inevitably pop up – should I buy a place or rent? Rather than listing out pros and cons (which…
So, you’ve decided to buy real estate. But the task seems a little daunting. What about all the pieces required to buy a property and to make sure you’re getting a good deal? Don’t you need a ton of expertise beforehand? You don’t need as much expertise to start with as you think. And that’s because there’s a lot out there already. Each step to buy real estate involves a professional: Real Estate Agents, Mortgage Brokers, Mortgage Specialists in Banks,…
Whether you’re looking to buy your first home, invest in property or both, knowing where to begin can be a challenge. The first step is figuring out what You want. Read on for 7 key questions to ask yourself before buying real estate. Have you ever played Monopoly? All those properties. Which ones should you buy? How valuable would buying real estate be to you? Can you afford it? Well, now it’s real life and you’re thinking of buying your…