.* Minimum equity requirements are outlined in the Product Highlights section.You can find the brochure here.Now, in reality mortgage brokers/agents will put though insured mortgages (using CMHC or private insurers Genworth or Canada First) w/o checking to see if you already hold one and many (maybe even most) times the underwriter also misses it and the person ends-up with two insured, high-ratio, mortgages.  

Think of that scenario as your own private revolving inventory.

Am a professional in the private lending, real estate and investment field with over 15 years of experience.

The management company or private investor is the one who we communicate with about their property- not the tenant.

I was asked by a HML. What my exit strategy  was as I told him buy rehab rent and refinance.  He asked did I have a letter of intent from the lender that will refi. I been talking to a few lenders about my exit . But ...

Your profession should be the source of all the private money you will need. 

I've found a property that is listed at $650,000 for 4 homes on a private drive way.

LenderCommercial >4; residential <4; and possibly private (hard money)3.

Borrowing from a private lender would cost about $750 more on a 120 day loan, which is worth it to be able to close quicker to do more deals.Sort of a complex answer, you can PM me and I can answer any more questions you would like.

I've never dealt with a private lender or hard money lender before.