This would be my first multifamily deal so I was curious how much I would need to put down and what kind of rate/terms I could expect?

I was looking at doing a garage conversion and found the estimated cost of about $100,000 would be only returning a rental rate of $900/month.

You will also need to qualify for a loan, which means you will need a credit rating that qualifies for the loan, and a work history like qualifies for the loan.

Hello fellow Canadians,Interest rates are obviously still a hot topic.

What rate/terms are you looking for?

Keep in mind that rates are higher than they were 4 years ago.

John, I am managing 3 properties and spend on the following:Hospitable PriceLabsIntellihost (for click rates and pricing optimization)CanvaOpenAIHoufy for direct websites

Financially it's almost always better to leverage but less so in higher interest rate environments when there are good investment alternatives, and not everything in life is or should be done for purely financial reasons. 

I got a letter jacking up my rate considerably and it went on to state that I would not be renewed for 2025.

Goal is to move mid-late 2024  Purchase June 2022: $510,500Down Payment: $102,100Interest rate: 4.875%Mortgage balance: $397,959Monthly mortgage, tax, insurance:$2,465Estimated rent $3,000 The home has an estimated sell price of $550,000 today and the area will continue to appreciate well.Home is in good shape.