Buy to rent?
Oct 30th 2011, 12:38 pm
#1
Forum Regular
Thread Starter
Joined: Aug 2011
Location: ALBA
Posts: 86
Buy to rent?
Hi
Just been thinking about property issues incase we do stay long
term in Canada.
Has anyone gone down the buy to rent option?
How does it work and what are the pros/cons?
Thanks
Just been thinking about property issues incase we do stay long
term in Canada.
Has anyone gone down the buy to rent option?
How does it work and what are the pros/cons?
Thanks
Oct 30th 2011, 4:43 pm
#2
Joined: Sep 2008
Posts: 12,830
Re: Buy to rent?
It limits what and where you can buy. Also depends on the terms of the agreement.
Oct 31st 2011, 12:54 am
#3
Retired
Joined: Apr 2004
Posts: 34,649
Re: Buy to rent?
Usually a bad idea. You pay more than a plain vanilla rental (money you could be saving instead) and if you change your mind about buying, or the property owner goes bankrupt, you lose all the extra money you have paid.
Oct 31st 2011, 1:18 am
#4
Born again atheist
Joined: Jul 2005
Location: Europe (to be specified).
Posts: 30,259
Re: Buy to rent?
Is buy to rent the same as rent to buy? I don't think so.
