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One of the biggest challenges I see investors face is the funding ceiling here in Canada. This usually happens when you have 4 - 6 single family homes as rental properties, and the bank no longer looks at the financing the same.
The shortest, and simplest way around this is making the leap to multi-family residential properties.
This can seem like a giant leap though.
Thankfully, I can say with absolute certainty that it’s not nearly as big of a stretch as you might think. In fact, it’s easier to get a multi-family property financed than multiple single families.
For example, did you know that you can get CMHC insured mortgages on multi-family properties?
Heck, even the mortgage rates are a whole lot cheaper than you’d think.
So what’s holding you back?
Today on the “Investment Property Income” podcast, Chris Larsen, author of Next Level Income, joins us once again to discuss how he made the leap from single family homes, to owning over 2000 doors in multi-family rentals. He shares a ton of great experience with us.
www.guidetothegrind.com
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One of the biggest challenges I see investors face is the funding ceiling here in Canada. This usually happens when you have 4 - 6 single family homes as rental properties, and the bank no longer looks at the financing the same.
The shortest, and simplest way around this is making the leap to multi-family residential properties.
This can seem like a giant leap though.
Thankfully, I can say with absolute certainty that it’s not nearly as big of a stretch as you might think. In fact, it’s easier to get a multi-family property financed than multiple single families.
For example, did you know that you can get CMHC insured mortgages on multi-family properties?
Heck, even the mortgage rates are a whole lot cheaper than you’d think.
So what’s holding you back?
Today on the “Investment Property Income” podcast, Chris Larsen, author of Next Level Income, joins us once again to discuss how he made the leap from single family homes, to owning over 2000 doors in multi-family rentals. He shares a ton of great experience with us.
www.guidetothegrind.com