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Updated over 2 years ago on . Most recent reply

Corey Dussault's profile image
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Corey Dussault
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Corey Dussault's profile image
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Corey Dussault
  • Member since Aug 29, 2021
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Corey Dussault
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General Landlording & Rental Properties

Pre Approval for multi family

Corey Dussault
Posted

Hi, I'm looking to purchase my first multi family unit and renting out my current home? What are some things that are different from a regular approval process? Will I need to show a rental agreement for my first home that's not yet rented? Do I need to take landlord classes? How much reserve do I need in the bank? etc. Any details on anything different a lender might be looking for would extremely help. Thanks!

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Jason Shackleton's profile image
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Jason Shackleton
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  • from Ontario
  • Member since Oct 31, 2015
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Jason Shackleton's profile image
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Jason Shackleton
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  • from Ontario
  • Member since Oct 31, 2015
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Jason Shackleton
  • Investor
  • Ontario
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Jason Shackleton
  • Investor
  • Ontario
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Hey @Corey Dussault 

Every lender will ask for something a little different. The key is to find a good broker and have them walk you through the multi family financing process.

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