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29 September 2024 | 9 replies
Tenanted properties are extremely challenging to sell and the recent change in notice period has made that worse in BC.You are in a tough spot either way, only you know your financial situation and your numbers.Even after renting it'll not cover even the mortgage interest, let alone other costs.Another alternative is to never sell and keep drawing some cash out of it by refinancing when the interest rate hits a low.
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28 September 2024 | 8 replies
Let’s say you have 10 properties that you refinanced with the BRRRR strategy would you be able to get an 11th property with the same strategy or would you have to wait until the one of the other loans are paid off?
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29 September 2024 | 7 replies
That will prevent them from selling or refinancing without paying you.
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14 October 2024 | 420 replies
No bank will touch them for refinancing and I don't know any HML that will bail them out either.
27 September 2024 | 1 reply
Concepts I'm looking into are a friendly loan, and/or gift of equity, that still might allow for additional re-financing.
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29 September 2024 | 21 replies
If you’re ready to grow fast, I'd lean toward refinancing for a multifamily property.
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26 September 2024 | 0 replies
After the remodel, we refinanced with a commercial loan and recouped the cash we put into the remodel.
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26 September 2024 | 0 replies
After the remodel, we refinanced with a commercial loan and recouped the cash we put into the remodel.
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27 September 2024 | 1 reply
We essentially are stuck with an overpriced, though performing property that we would need to keep refinancing every 5 years until we can get it off our plate.
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2 October 2024 | 71 replies
Presently evaluating refinancing to take my downpayment money out of one property (at that point it feels like a "free" property) and balancing if I should focus on aggressively paying some properties off or keeping leverage... classic dilemma I guess.