A key part of our team is our talented interior designer, who helps us add that extra flair to every property we touch.We’re eager to connect with local investors, agents, lenders, contractors, and anyone else who shares our passion for real estate.

While this guidance provides general steps, it’s not legal advice; an attorney will ensure the process aligns with your specific circumstances.This post does not create a CPA-Client relationship.

Alternatively, construction loans can provide staged funding for significant renovations but require more documentation.If you’re holding the property long-term, consider refinancing into a DSCR loan after renovations.

With some changes to the management structure and leadership, I believe we can significantly increase the revenue potential while providing a positive impact.

@Eric Winkler Can you provide any assistance to us?

So glad you could provide a better insight.

This way, your current rental stays a cash-flowing asset while providing leverage to grow your portfolio.

No agents involved.

Be sure to check out the free tools BP provides to help analyze deals you may have and also market insights.

[I think someone else provided an example of this case earlier]-Now provided you do qualify for purchasing a house (4 units or less), you will have no problem qualifying for a mortgage with a Schedule 1 bank as long as you provide the down payment (35% minimum of purchase price) and confirm proof of fund and the source of it- On the proof and source of funds, the banks would want to see an income enough to cover the mortgage payment and other expenses. and in some cases, they would want to make sure they know how you're going to cover your expenses (housing, heating, etc..) where you live.This is usually where it gets annoying for some folks but if you can satisfy this, you should be able to qualify for a mortgage just likely any Canadian tax resident, albeit you will pay a little more in terms of interest rate, etc.