So, my naivete is quite prevalent here. How would I go about finding a reputable broker, and what kind of payment/fees do a broker usually have?

After doing some preliminary investigation with my family, we’ve discovered a rough borrowing capacity. But, yes, what steps should I take now?

Thank you so much for your reply!

Thanks for the reply. What do you mean by capital moves exactly? As I said though, I’m not really aiming to pay off the mortgage over a short period of time.

And agreed, that thread was insightful

Well, see, I wouldn’t be looking to pay off the entirety of the house in 2-3 years. I simply was thinking that over say 2-5 years, the properties value would increase. And then, I could pay back the bank, and have a remainder to make a small profit from the house itself.

Thanks Richard,

I am more so wondering what the potential risks are in my strategy here? If this is the first house I’m buying, and I’m not living in it, I’m aware I have to pay more taxes or something to that effect? Furthermore, I’m uncertain as to how much profit I’d actually be making in the long run – such is the risk with the property…[Read more]