Chris Kennedy
Investors in Canada using Interest-Only financing!
Hi, My name is Chris and I am very new to the exciting world of real estate investing, but I have a keen interest and I am very motivated! Interest-only mortgages are now made available to Canadians by some finance in...
Chad Fagan
Need advice for financing situation
Hey all,Could anyone offer any advice for this scenario?Primary residence: Owed $6k @ 3.85% worth $515k HELOC against primary: $277k @ 4.0% variable, interest only. Repayment period starts August 2018.Rental 1 (purcha...
Jason Ridout
Canada's 2023 housing market and opportunity.
We saw a substantial swing in the real estate market in 2022. What happened?
2022 started off the way 2021 ended, with a very hot market, quickly rising prices and fierce competition between buyers bidding on very li...
Noyessie Hubert
Fixed vs Adjustable rate, what to chooose.
Hi, I just spotted a 4-family room which makes sense for me and my credit union is offering a conventional loan mortgage for 5% down. Here are the two options the lender offered to me:
- Option 1: 30-year conventi...
Kenneth Lim
Please Give Your Comments
Should we factor in a conservative interest rate as there are fixed and floating interest rates. My question is if interest rates range from 4 - 8%, we should be take 8% into consideration because let's say 8% is duri...
Eamon K.
Take action or sit on the sidelines??
Hi folks. I would love to hear your thoughts on the current situation we are in.
My wife and I purchased a primary residence in May 2022 in Ottawa for $510K. Our mortgage was $2K a month when we first purchased but n...
Jason Shackleton
Single family to duplex conversion BRRR Deal
Investment Info:
Small multi-family (2-4 units) other investment in Oshawa.
Purchase price: $210,000
Cash invested: $70,000
- Purchased in late 2014
- PP- $210 000
- 15% down payment, $30 000
- $40 0...
Rita Temple
Heloc or Home equity loan?
Hi everyone! I'd like to invest in a second home for a rental. I'm not sure if I want to do long term rental or short term rental yet. But, I would like to pull the equity out of my current primary home in order...
Linda L.
If there's cash flow, what can go wrong?
I know, a lot people are gonna say--a lot of things...:)
I have been reading people's stories here and tried to understand how people would get burned on rental property investing when market crashed.
-...
Jennifer Wilson
Question for mortgage lenders!
Hello!My husband and I are looking into a purchase of a commercial property where we can assume the current loan. We were provided the current owner’s promissory note. I am reading this differently than what the selle...