For those of you who own more than two properties in western Canada, how did you qualify for multiple mortgages? We are high income, high net worth but still have trouble qualifying for more than one personal and one...
I currently have 9 properties that are owned in a partnership with one other individual. We own the partnership 50/50. Of of the 9 properties, 6 are financed on a commercial loan together, and the remaining 3 are fina...
Hello all. I've come across a 5 unit 1 bed 1 bath property that is commercially zoned. I spoke to lenders to try to acquire a loan on it but they said I cannot purchase a 5 unit+ and live in it as my primary residence...
The property is 3 buildings each with 2 Townhomes. I received a quote from my primary insurance broker at State Farm. He carries my auto, home, umbrella, etc. He underwrote it as 3 residential buildings. Any reason no...
Are there any banks writing Home Equity Lines/Loans on non-OO Multis?
Has anyone had any luck with banks/whatever lending at rates at 6% or below on their multi family properties? I've had no luck with 15 or...
I have listened to many podcasts where people have more properties than the 10 loans I know is the max amount allowed . How are they doing this? Their debt to income ratio for that many conventional loans seems to be ...
Hi,Does anybody have any experience buying commercial space? I am looking at a second floor of a building on a busy street in New York and the price seems really good. How would I go about analyzing this property prop...
Hello everyone, I am just starting out and have my financing in order to buy my first rental property. With that being said, I believe I have found a good deal on a six unit building that currently has tenants in all ...
I just bought a 4 unit retail center. One of my tenants refuses to believe I bought the building and is still paying the landlord that sold me the property. I have given him the assignment of rents to show. He obvi...
Hello everyone,
I am looking to invest in my first property but I need some advice on which way to go for the loan. The property will be probably bea multi-family 2 to 3 units and it won't be in my home state. Would...