Quote from @Rachel Jane: First post, no idea what I’m doing, lolMy grandfather passed away and left me his condo, which is fully paid off (and located in a seniors residence) It’s worth approx $500,000 (CAD).

Quote from @Nathan Harden: Quote from @Jack Smith: For what it's worth...

Well I just brought them a portfolio for $3.4 million worth $6.5 million and now they don’t do this kind of a deal.

Asking $600k and worth about $500k. 

Hi Joshua,We do have a current house in Idniana worth around 120K.

I've seen some lenders offer as low as 15% down on an investment property but the terms they'll impose for doing so aren't usually worth it imo. 

In some cases interest paid on the HELOC can be tax deductible if the funds are used for home improvements.Best of luck from Fort Worth! 

I feel like overall there is a lot of unknowns here for the reduction in interest rate to be worth the premium.

However, a good real estate accountant is worth what you pay them because they will save you time and money. 

Quote from @Evan Polaski: @Jamie Parker, for what it is worth, I tend to agree that you can't take the 70% rule for much of anything.