Strategy 1: Offset mortgage payments through rental income

One smart strategy to consider is purchasing a property with a mortgage in a way that the monthly rental income exceeds your mortgage payments. This approach, when done correctly, allows you to use the bank’s money to eventually acquire property for yourself. Over time, the rental income pays off the mortgage and you’re left with a property that not only pays for itself but also generates a steady flow of income. This is a profitable and interesting strategy that many of our savvy clients have utilized.

Strategy 2: Expand your property portfolio through mortgage

A second strategy is using your existing property, which already generates income, as collateral to secure a mortgage for additional properties. This allows you to expand your real estate portfolio without the need for a significant upfront investment. The rental income from the newly acquired properties can be used to cover the monthly mortgage payments. This is an effective way to scale your property investments and create a stable source of long-term income.

Uncover the potential of turning your mortgaged property into a consistent source of income through rental opportunities. Speak with one of our experts today to discuss these strategies and find the one that best suits your financial goals.