Preparing to Buy

Before You Invest: Key Preparations for Purchasing Retirement Investment Properties

Investing in income-generating real estate—whether it’s a retail plaza, multi-residential unit, or mobile home park—requires solid financial groundwork. Before you begin evaluating properties, it’s essential to get your finances and documentation in order.

Organize Your Investment File (“Green File”)

A well-prepared financial file will streamline your financing process and demonstrate credibility to lenders and partners. Your “green file” should include:

• Recent financial statements (personal and business, if applicable)

• Bank account summaries

• Current investment portfolio details

• Credit card and auto loan information

• Recent pay stubs or proof of income

• Two years of tax returns

• Copies of existing property leases (if applicable)

• Retirement accounts (e.g., 401(k), RRSP)

• Insurance policies, stock, bond, and mutual fund account information

Know Your Credit Standing

Your credit profile plays a major role in the kind of financing you can access for investment properties. It’s recommended to check your credit score early in the process. Most lenders will pull reports from all three major bureaus: Equifax, Experian, and TransUnion.

If needed, we can connect you with trusted lenders who specialize in commercial and investment real estate financing—not just residential mortgages.

Maintain Financial Stability

Avoid major financial changes before or during the property acquisition process. Large purchases, career shifts, or new credit accounts can affect your loan eligibility and terms. A position of financial stability strengthens your negotiation power and improves access to favorable lending conditions.