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Updated over 3 years ago,

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10
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Michael Icban
  • Rental Property Investor
0
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10
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Increasing Value of my Property

Michael Icban
  • Rental Property Investor
Posted

Hi there. Mike here, a newbie. I just have some quick questions about increasing my property's value. The scenario is this: I have my first investment property bought 2018 in Winnipeg, Canada. Needless to say, a duplex. Both units are tenanted currently. Issues are, I am having negative cash flow and the property doesn't gain any equity yet. Now, I am making a move toward my second investment property and so I did go ask banks for a loan, I have consulted mortgage brokers and other lenders but none of them seems to give me any loan yet. My plan now is to have some upgrades on my property but I am currently away from it, we just moved out of the province. Also, I wanna do it soon and while it is tenanted. Do you think upgrades on landscaping is a good idea? Or do you have a better one? If ever upgrades or updates was done, how long you think would it take for it to be credited on my property's equity? Thank you for taking time to read it. Cheers!

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