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All Forum Posts by: Ghassan Alsayyed

Ghassan Alsayyed has started 1 posts and replied 5 times.

Canadian Real Estate

Post: Canadian BRRRR still available?

Ghassan AlsayyedPosted
  • Posts 5
  • Votes 0
Originally posted by @Julie Toh:

@Ghassan Alsayyed Welcome to BP. I hope you find the resources you need to move forward. In response to your post...I've arranged an equity take out mortgage for a client who did a BRRRR after 6 weeks. Whether it's 6, 10 or 16 weeks, your application needs be well packaged to be successful. A key thing to note is that lenders have liquidity and default concerns these days. Refinancing a rental is not a priority for many lenders.

 Thank you! Do you have any operations in Ontario? 

0 Votes
Canadian Real Estate

Post: Canadian BRRRR still available?

Ghassan AlsayyedPosted
  • Posts 5
  • Votes 0

This is very helpful. Thank you!

0 Votes
Canadian Real Estate

Post: Canadian BRRRR still available?

Ghassan AlsayyedPosted
  • Posts 5
  • Votes 0

Yes the amount of time between the first mortgage and the refinance after renovation.

Isn't construction loan for new builds?

0 Votes
Canadian Real Estate

Post: Canadian BRRRR still available?

Ghassan AlsayyedPosted
  • Posts 5
  • Votes 0

I have some cash that I'm interested to invest in real estate here in Ontario Canada and last week I went to a mortgage broker to discuss potential mortgage + improvement deals that I can qualify for so I can start looking. She informed me that banks don't do the 3 months refinancing deals anymore!

Is that true? If not what are the lending options for a mortgage + improvement in Canada? 

Thanks so much

0 Votes