Real estate investing

[Patti Townsend]

Hello everyone,

Oh dear so many questions running through my mind!

Just got approved to buy my first rental property! I currently own my own home, and I am taking out the equity from my house and im using it for a rental property. I am curious to know if renting out my own property ( the one i currently live in) is the best thing to do ( i live in a SFH that could be rented out to a family) or if i should buy a rental property? I have heard that moving out would be best so that i dont have 2 mortgages plus interest, but than i also heard that in this market buying a home for more money than your own is not the best idea. Your thoughts?

Also has anyone done a few BRRRR using RBC?

Heard they put collateral charge on standard mortgages?

Thanks