Multiple property real estate investing

[K Shoe]

For those of you who own more than two properties in  western Canada, how did you qualify for multiple mortgages? We are high income, high net worth but still have trouble qualifying for more than one personal and one rental. We would like to  start purchasing one rental every year or two. Any tips?

[Chris Baxter]

@K Shoe  when qualifying for residential mortgages, banks will typically allow only 50% of income against 100% of expenses. This means after 2-3 properties you will have issues qualifying for additional mortgages.

We've converted to commercial mortgages (MF, 6 units and up) which do not have the same treatment.