Whether it’s to lower your cost of living today, create a retirement nest-egg – or both! – purchasing an income propertyis a question we get asked about almost daily. That’s why we’re bringing you a two-part conversation with Mike Hartshorne, an award-winning realtor with Royal LePage. (You can listen to Part Onein last week’s episode). We’re sure that, like Derrick and Travis, you’ll be feeling well prepared to decide if real estate investing is for you. 

:50Money Problem: Derrick’s clients had a real estate investing dream - and a lot of debt.But Derrick is never without options to help out. 

1:40Expert Examination: In Part Two,Travis, Derrick and Mike look at more factors that will influence your decision about whether to invest in real estate: 

• What to expect when financing an investment property. 
• Beyond the purchase price – other investment expenses to plan for. 
• Risks of investing in real estate versus market investments. 
• Choosing the best property for making money. 
• Is 2020 the right time to become a real estate investor? 

22:30–Weekly Financial Fix:Travis recommends landlords (or future landlords) take the vacancy test. 

If you have an undiagnosed financial concern or want to better understand a financial subject, send Travis and Derrickyour question at islandsavings.ca/wealthbeing, or at [email protected], and we will consider it for a future episode.