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Updated over 5 years ago,

User Stats

11
Posts
4
Votes
Andrew Dornan
  • Real Estate Agent
  • Winnipeg, MB
4
Votes |
11
Posts

Building my house to get into rei

Andrew Dornan
  • Real Estate Agent
  • Winnipeg, MB
Posted

Hi all,

I am from The prairies in Canada. I am a carpenter by trade and am really interested in getting started in real estate investments.

So right now I am building my family a house. I am doing 90% of the work myself after work and on the weekends.

At the end of the whole process If everything works with my numbers I will have about 39% equity in the house with only putting down 5% to the mortgage.

Anyways I guess my question is when I roll my building line into a mortgage, is there a timeline before I can pull equity out of the house so I can start investing into rental properties to potentially brrrr ???

Thanks in advance

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