I took out a mortgage on the property in November to help make repairs and rent it out.

And to have it cover 65% of your mortgage.

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.

With high home prices, rising mortgage rates, and intense market competition, securing a property has become increasingly difficult.A recent survey found that over 60% of real estate agents reported instances where Gen Z buyers lost out on homes due to delayed decision-making, missed appointments, or hesitation in making offers.

If you’re interested in exchanging further insights on best practices or have specific questions about structuring a VA program, feel free to send me a private message.Good luck with ramping up your direct-to-seller leads!

You can always have an accountant review your return for a lower fee (around $200-$300).Biggest thing: Make sure you’re tracking all deductions (mortgage interest, depreciation, repairs, etc.).

(can private message if that's better, if you're willing to share).

For example the BRRRR strategy worked with many properties 10 years ago when the average mortgage was cheaper than the average rent.

You can buy a rental house, put $60,000 down and you will have to get a non-recourse loan for the rest of the mortgage.

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.