Purchasing an investment property that already has a tenant means you collect rent from day one, with no vacant period and no lease fees to find a new tenant. The lease just carries on as it did before you purchased the property. Sound good? Of course it does. There are some possible problems to be aware of though. It’s very important to check whether the lease on your prospective investment is current or the tenants are on an expired lease. If the tenants are off-lease, they can give a short…

You are ready to buy a home, you just need a mortgage. Before you go rushing off to meet with your local finance broker, be sure that you have a few documents on hand to prove your identity, income, assets, and liabilities. Identity You will need two of the following three: passport; driver’s licence; and photo identification, such as a university identification card or proof of age card. If you don’t have two of these, you can also provide one, plus a birth certificate, Medicare card, citizenship certificate, or similar…