This is a self directed RRSP or TFSA account that allows you to lend your money out to people with the backing of their mortgage for a high interest rate. 1st, 2nd, 3rd mortgages, down payments, refinances, flipping or renovation money.

You are interested in a certain market to use the BRRRR (Buy, Rehab, Rent, Refinance, and Repeat) method to purchase property.To find these properties, you asked how many Realtors you would contact in that area.Honestly, most Realtors do not speak investor language and are not investors themselves.

Maybe if I was younger it would make more sense, but staying with the method I've used over the last 10 years will only become more refined and efficient.

This would allow you to access some cash for other purposes ( Tax Free) because a refinance is not a taxable event.

If you own (2) properties free and clear you could simply do a cash out refinance. 

So whenever the buyer wants to refinance or sell the property my lien comes up aswell and that's when I'm taken care of? 

The only difference is the seller remains on title until we have enough equity to refinance or sell.3: Typically we don’t agree to balloons.

When you build a relationship and use a Banker time and time again they know your file, credit, and can determine what program would be best for the next step or cash out refinance.

Interest rates will plummet and you can refinance that property, lock in 30 years of low interest rates, pull out equity, and buy another!

Once you start stacking more and more property loans into your personal name, it can bleed into your personal credit worthiness.This bit me in the butt when I wanted to refinance my own house when rates were in the 2% range.