Just as there's a difference between renters and owners, there's a difference in the mindset of a rental income property investor versus that of a home owner looking for a residence. When considering a property purchase for yourself, emotional attachment comes naturally when envisioning your future "home sweet home". Part of my job as your Ottawa real estate professional is to help you weigh the neighbourhood and property factors in terms of a sound investment. While you're picturing Thanksgiving in your future dining room, I will be keeping an eye open for resale potential. When looking at strictly rental income properties it's about cashflow, tax savings, tangible investment and return on equity. Where it becomes confusing is when considering owner-occupancy with a rental unit. This d...
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