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Investing in rental real estate in Montreal has several advantages and disadvantages:

  • 4 months ago
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Investing in rental real estate in Montreal has several advantages and disadvantages:

Benefits :

Passive income potential: You can generate regular income by renting out your property.

Appreciation in value: Over time, the value of your property could increase, which could allow you to make a profit when you resell it.

Portfolio diversification: Real estate can be a good way to diversify your investment portfolio.

Tax benefits: You may benefit from certain tax benefits related to real estate investment, such as depreciation deductions and capital losses.

Disadvantages :

Vacancy Risk: There may be periods when your property is not rented, which can reduce your income. Maintenance and repair costs: You will be responsible for the costs of maintaining and repairing your property.

Risk of non-payment of rent: There is a risk that your tenants will not pay their rent, which could affect your income.

Property Management: Managing a rental property can be time-consuming and require property management skills. It is important to carefully evaluate these advantages and disadvantages before deciding to invest in rental real estate in Montreal.

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