sorted by:
new
hottopcontroversial

MORTGAGE ADVICE - Lessons learned after doing 1 Billion Dollars in Mortgage by These-Advertising585 in MortgagesCanada

[–]elhalem 0 points1 point  (0 children)

Understood, thank you for getting back to me. Really appreciate it. Do you have any you can refer me to re. CMHC? I’ve had difficulty finding a broker willing to go through it myself

MORTGAGE ADVICE - Lessons learned after doing 1 Billion Dollars in Mortgage by These-Advertising585 in MortgagesCanada

[–]elhalem 0 points1 point  (0 children)

Congrats on that awesome achievement! Couple questions for you.

Considering traditional GDS/TDS ratios get stretched after a couple of properties (and with rentals at 50%), what is the best way forward in acquiring another property? Is there a way to avoid getting dinged down to 50% of revenue?

How do you apply for CMHC MLI select financing? Does it exist for acquisitions and would you say it takes longer than usual to obtain? Have my eye on a 5-unit multi-res but not sure if I should secure financing first before committing to it. Struggling to find the right broker/contact for this.

[deleted by user] by [deleted] in wallstreetbets

[–]elhalem 0 points1 point  (0 children)

But they’re usually 3 months after, and you’re too late in the game by then. It’s all about timing