All Forum Posts by: Ally Z.

I am looking for recommendations for an accountant that specializes in REI. I need guidance on structuring my investments and growth. Anywhere in Canada is fine as my portfolio spans several provinces.

Does anyone here have experience investing in Sydney, Nova Scotia? The economy is struggling but is there hope in sight?

With fewer people, fewer homes, and tighter lending than in the U.S., is it possible to find homes undervalued enough to make this strategy successful in Canada?

Thank you @Christopher H. I've been working with a few mortgage brokers in Ontario and haven't had great success, so I'm nervous to get into my first Brrrr without this part of the formula figured out. I'll have to keep digging around for the right mortgage broker. Great to hear from a fellow Canadian! Are your investments in Western Canada? My properties are all on Vancouver Island. 

Thank you, @Andrew Syrios. And say after 10 units or 50 units? It must get harder and harder to complete the "Refinance" step of a Brrrr? I am Canadian and I think it is harder in Canada as well. I wonder if there are any Canadians who have run into this hiccup with Brrr?

I am just starting out exploring options for private lending for Brrrr deals. I seem to have maxed out what I can easily borrow from banks with my current 5 units. I have good income, credit and equity, but I simply have "too many doors" to qualify for financing.  My question is, if I can't get a mortgage from a bank initially, how will I be able to refinance my Brrrr property and get a long-long term, low rate, bank mortgage when it comes time to pay back my short-term private lender? Won't the same limits apply with how many properties banks will finance?