Hello everyone. I'm interested in lending money out using a self directed RRSP or TFSA account (I'm Canadian). They are called Arms length mortgages in Canada. I was wondering if anyone has done this before and can of...
Hey all, looking for a little guidance from the more knowledgable folks around here and would appreciate your input.The broad picture is that I'm looking to move out of my current home that needs work and keep it as a...
My Situation:
I purchased a duplex with a business credit line and will be paying for the rehab costs from my business account. (Technically I contracted my company to do the work, a theme for another discussion.) W...
Hi there and thanks much beforehand!I'm currently in year 2 of my first mortgage and according to Zillow (which I have a gut feeling may inflate values), I'm already at %.79 LTV.
I'd like to drop my $175/mo PMI so I'...
Hi everyone
So I close on a property this Friday (yay!) and was thinking today about ways to refinance it. I will be paying cash. I have talked to a few banks and I have a few options:
1. Identify next property and ...
Yesterday we received amazing news around 2-4 unit financing for house hackers!
This change will take place on November 18th and allow for clients buying a 2-4 unit owner occupied property to only put 5% down.
Mai...
I hear about financing out of mortgages and loans often. However, what I don't know is when seasoning requirements generally apply. While I realize that non-conforming loans can choose their own restrictions here, let...
Hey everyone.
First and foremost, it's been a blessing connecting with so many individuals in this space. You all have been very kind and warming to me, as a new agent and novice investor. Thank you.
I had an aweso...
Hey BP!!!So I’ve had this amazing duplex under contract since May 2019. All parties are ready to close. My lender is now telling me they will not give me the loan to purchase the house. Their reasoning behind is I “do...
Grateful for some guidance BP community--
My first property is a row house with an English basement rental unit, that has its own certificate of occupancy and is registered with the State and has a tax ID. Given that...