I don't have an extra 60 000 for a down payment so 20% isn't an option. I also am not flipping. I am updating and continuing to buy and hold. I will be doing the GC at and finish work as that's my experience and to save costs.
I'm not in a rush per se but want to scale efficiently.
Thanks for...
Hello everyone, I've spoke with a reputable mortgage broker who has offered me an option for financing. He recommends doing a 3 or 5 year fixed rate with a PPI to convert the either detached or semi detached I will be looking for to convert to a legal duplex. I plan to live in one unit as I need...
Hi, I wanted to see if there are any REIN members investing in the Thunder Bay area. I may be moving back (home town) and would like to make some contacts to ask some questions.
Thank you.
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I'd be curious to hear from people investing in thunder bay. It's my home town and I am thinking of moving back to buy some properties.
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If I do a pre approval now will that lock me in before the new rules take effect?
I've been contacted by an investment team in Hamilton and didn't realize this was possible. I just wanted to verify before I start the process.
Thank you
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I'm also not young. I'm 33 and have been traveling on and off for the last two years. One of the main reasons for a co-signer being my t4's show low income.
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Maybe I should clarify my plan. I plan to use it for a principal residence only for the required period of time needed to qualify for 5% down. Once that term is up I would move to my own home and rent the 4th unit.
I would do everything legally and not be trying to just say it's my principal...
Hi, this is a bit of a general question.
As a first time home buyer and the new rules qualifying me for a lower total value property; can I purchase a 4 Plex as a primary residence with the intent to rent out the other 3 units with 5% down?
My father would co-sign with 200 000+ in equity on...
Amazing. I've read alot of these already and have all the REIN books. I may re-read the tax one.
I like the idea of MIT and Harvard reading list. Definitely going to look into that.
Thank you for the quick responses. I say keep them coming so others can use this thread as a guide.
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I'm looking for some new books to read. I thought I would ask the forum.
I'd like to learn more about real estate taxes and mortgage strategy but any books will do.
I look forward to everyone's recommendations.
Thank you,
Kyle
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