Mortgages are the last thing to default for a homeowner and appreciation has been so high in Canada that every homeowner who has purchased before 2022 has gained equity and could just refinance their loan over a longer amortization before defaulting.

Where these numbers are found, there is a very high rate of rent actually being paid.We have over a dozen Fortune 500 companies just in Metro Detroit with huge Healthcare, Auto, and mortgage industry National footprints.

Hi everyone, heres my BRRRR situationpurchase price 520,000rehab 25,000Appraised at 600,000Rents are now at 1950, 1850 and 1600 totaling 5400My question is can i get a DSCR to take out all 545,000 as the rent roll to to a mortgage for that amount would ratio out to around 1.4 but....obviously appraisal is not high enough for 80/20Any info on this or suggestions would be great.

Instead of moving into another single-family home, consider house hacking a duplex or triplex, this allows you to use low down payment loans (FHA, conventional) and offset your mortgage with rental income, accelerating your path to financial freedom.

So to say, in a year or so you can move in is 100% mortgage occupancy fraud. 

We have secured a home equity loan against our home (which we own out right with no mortgage payment).

Whatever I do, I would need to do with a HELOC—effectively financing 100% of the property (down payment and closing financed with HELOC, rest of purchase financed with a mortgage). 

I heard that if you move the personal mortgages to an LLC they could get called and we would want to avoid that3.

I have read a bit about how its difficult to BRRRR in Spain due to the banks in Spain basically making it extremely difficult/impossible to refinance a mortgage and take cash out.

This also begins YOUR title seasoning, so that when you're ready to take out a traditional mortgage, you can refinance and pay off the seller without a title seasoning issue. you can buy title insurance from the title company at closing. this is a good idea.