All Forum Posts by: Julie Toh

@Julie Cho From one Julie to another, welcome to BP. I'm also located in Vancouver. 

Congrats on the pre-sale condo. How close is the condo to a skytrain station? If MTR doesn't pan out, is STR an option?

Some of my clients use a combination of LTR and STR to cash flow.

@Eamon K. I often hear REIs say that they don't regret buying, they regret selling. It may be too soon to offload property #1 but it's not too late to think how to add value to property #1. Add an extra room or bathroom? Be on the look out for the right property #2 one with a separate basement. Whether this will be your primary or a rental would depend on your mortgage affordabilty. 

@Wilson Vanhook The realtor you work would be familiar with the real estate farming strategy to generate consistent business from a specific geographic area.  Agents “farm” a specific neighborhood by providing consistent value and attention—and cultivating relationships—thereby generating leads that evolve into long-term clients and reliable business. 

@Wilson Vanhook Have you considered the "farm" strategy in the areas your properties are located? Is it a bad idea to team up with a realtor to do this? 

@Lubica J. You have more than one financing option for the purchase of a US property. What is shared by @Gurjot Grewal @Spencer Riche are good intel. 

As a mortgage broker in Canada, my strategy for investor-minded clients is to leverage equity in their Cdn real estate, get a heloc or take cash out to acquire real estate in the US. Do you own any real estate in Canada to leverage?

@Caley Crossman 

Several of my clients have successfully used a Self-Directed Plan (RRSP, TFSA, etc.) to hold a mortgage against their own personal residential property. In this scenario, you are lending money to yourself as an individual, it allows you to make regular mortgage payments to yourself rather than paying the P+I to a bank or other lender.

The first step is to qualify for a Non-Arm’s Length Mortgage with a financial institution. 

@Erwin Li Sounds to me that you need a mortgage strategy, is it a ridiculous idea to develop a relationship with a mortgage broker? 

The rental mortgage guidelines vary from lender to lender. Generally Lenders use the addback and offset calculations for subject and non-subject rentals respectively. Which lender's rental calculation is more favourable for the borrower? A mortgage broker can help you find the right lender for your situation. 

@Gow Thevamanokaran Hi Gow, welcome to BP.  You landed in the Canadian RE forum where a community of Canadians from coast to coast to coast gather to share best practices in real estate investing.

@Sriram Kumar Bikkina  The right way to get a non-conforming mortgage is from a MIC i.e. a mortgage investment corporation. MICs account for the bulk of private mortgage issuance in Canada and are regulated by OFSI, the federal regulator of financial institutions. 

@James Collins Welcome to the BP forum for Canadians. Your expertise in CRE will be a value-add to any Canadian commercial discussion here.

I've been contributing on this site since 2015 and people are hungry for info /knowledge.