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Updated almost 5 years ago on . Most recent reply

User Stats

9
Posts
1
Votes
Andrew Pettitt
  • Canada
1
Votes |
9
Posts

Credit Rating Drop from Purchasing Rental Properties

Andrew Pettitt
  • Canada
Posted

I'm a Canadian real estate investor and recently purchased a few rental properties which net positive cashflows.  

  • Duplex Side A -  $2,500/month or $30K/year - 2-YR lease set up
  • Duplex Side B - $2,500/month or $30K/year - 2-YR lease set up 
  • Airbnb - $4K/month or $50K/year (2-YR average) - Nightly Rates

I purchased the duple in November 2019 and just noticed my credit rating dropped the day I made this purchase. Has anyone experienced this before? 

Is there a way to show banks' property revenues to keep credit ratings up? Is this even possible?

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