What should i do next?!

[Adam Goyette]

Hey everyone!

Im looking for guidance in this situation i am in.

I bought a duplex 2 years ago in Ottawa Canada (bought for 350k).I live in half and rent out the other half. I'm also a carpenter by trade and have been working on this property a lot. Speaking with a couple brokers as well as judging by the comps, it seems as though it is now worth around 450k. I would like to move forward and scale to another larger property, ideally i would like to hold on to this property, refinance use the profit for my next purchase. Since i only out 5% down and still have a fairly large mortgage it doesnt leave me with a lot of money to play with.

Should i just sell this place and use the 100k to purchase a bigger investment property or wait a while longer and pay down more of the mortgage before refinancing?

Anything helps!

Thanks

[Adam Goyette]

@Zachary Corum

Yes it does help! Only thing is in Canada we dont have any "local banks" theres only a handful of banks in the country