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Updated over 3 years ago,

User Stats

4
Posts
1
Votes
Colson Boyle
  • Real Estate Agent
  • Ontario, CA
1
Votes |
4
Posts

Using equity to buy more rentals in Canada

Colson Boyle
  • Real Estate Agent
  • Ontario, CA
Posted

I have about $70,000 in equity on a $530,000 rental property that’s now worth about $650,000-$700,000

What’s the best way to use that equity to purchase another rental?

Taking in account I probably won’t qualify for another mortgage through an A lender as my yearly income has not increased since my purchase of the first home not including rental income.

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