Real estate rookie, a complete begginer

[Umang Rajyaguru]

Hey guys,

Myself Umang, since last 2 months i have been researching about getting into real estate as a business from investing point of view. Have so many questions that pops in my head while listening to the podcasts.

When analyzing a deal, we need to know rents we could get, what is the best way to know that and making a shift from primary residence to first rental property, how do you get financing done?

[Chris Baxter]

Hello @Umang Rajyaguru. Welcome to the BP forums! CMHC publishes rental market reports to give you an estimate of market rent in urban centres (https://www.cmhc-schl.gc.ca/en...). Your question about 'getting financing done' is a little vague. Lenders like to see a debt coverage ratio (DCR) of 1.1 or greater, which means that you have a 10% cushion on covering mortgage payments (https://www.rentalsoftware.com...)