Using borrowed money as a down payment?

[Conor Kelly]

Hi guys,

I was hoping someone might be able to answer this for me. I live in Vancouver BC, currently investing in Windsor, Ontario. I bought my first rental property there last year and its doing very well. Now, of course, I'm itching to try and pickup another one. I'm curious to know if i can, or how i can use borrowed money for my down payment. I already have most of the down payment but there's still probably 10-12k that I have to come up with. I'm wondering if anyone has a solid way around this? 

Let me know if you guys have any ideas!

Thanks BP

[Julie Toh]

@Conor Kelly The source of down payment for a rental mortgage can be either own savings or from borrowed sources such as a secured or unsecured line of credit. If it is a borrowed source, the payment will be used in the GDS/TDS calculations. Does this make sense?