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Updated almost 8 years ago,

User Stats

90
Posts
19
Votes
Ralph Noack
Pro Member
  • Rental Property Investor
  • Lynden, Ontario
19
Votes |
90
Posts

How to get a down payment for a rental with other peoples money

Ralph Noack
Pro Member
  • Rental Property Investor
  • Lynden, Ontario
Posted

Looking to buy a long-term rental property here in Canada. Law says we  need 20% as a down payment. I have the cash to do that & I can get the mortgage no problem but I'd rather not use my money for the down payment. I am looking at houses in the $200K-$250K range & that ties up a lot of my money if I can't get it from somewhere else. Any suggestions?

  • Ralph Noack
  • Loading replies...