Have You Looked At BRRRLO in Canada?

[Vincent Pelletier]

Hey BP.

I just read an amazing Blog post by Shiloh Lundahl (https://www.biggerpockets.com/blog/better-than-brrrr-introducing-brrrlo). I was amazed by his ability to think outside the box on the BRRRR method.

Read the article, if you haven't yet, and let me know what you think. 

Has anyone in Canada tried this method yet? Do our RE laws permit it? 

I haven't been able to find any references of this model applied in Canada. I know people/corps. do Rent-to-Owns in Canada, but has anyone put BRRRLO to use yet.

I am definitely thinking of doing this with my next instead of BRRRR.

Let me know your thoughts. I look forward to good discussion about it!

Have a great weekend!

[Hai Loc]

The only potential issue I see is will the bank accept the lease option/contract to service the debt when you refi.. I dont see it as a major issue and maybe it might even be stronger then a regular lease agreement.

Also keep in mind the end user for these types of properties will likely have issues on getting their own mortgage which will come down to lack of downpayment, credit or income..