Curious to hear from original poster how many bees was this (approximately)

Originally posted by @Navroze Phiroz:A rather unconventional approach.... but I’m looking for a multi-unit (preferably 3/4 units but would consider up to 6 units) in Burlington Ontario or Oakville Ontario.

Here’s a refined version of your message that maintains your original questions and concerns while improving clarity and flow:Hello,Since January, I haven't received the full rental payment from the property management company.

Purchase price: $390,000 Cash invested: $120,000 I purchased a four-plex for $390,000 where each unit was originally rented at $400 per month on a month-to-month basis.

I originally became a Realtor to aid in getting investment properties for myself, and now I also do so for others.

Quote from @Camilo Restrepo: @Hannah Tate, as per you original question, I’d be happy to share some advice based on what I've learned.

Not sure if you knew this, but I am originally from Nebraska.

Originally posted by @Conrad Muller:Hi!

I don't think refinancing will make sense here at all, Assuming your property does appraise for $166k, and you take out a loan at 75% LTV, that will give you a loan amount of $124,500Assuming your loan fees are the following: Origination: $2,490Underwriting: $1395Processing: $500Title/Escrow/Other Closing Fees: $1800Prepaids: $1,300Subtracting the payoff + loan fees that would leave you with $17,015 at closing.

It also sounds like you don't fully understand the laws.I took his post to mean that originally the tenant was paying the full rent by making multiple payments late during the month, but then started to fall more behind by only paying a total of 50-75% of the rent each month.