Multiple Mortgages?

by Ken
(Campbell River, BC)

If a person wants to be able to purchase multiple properties in a year, how do you go about getting that many mortgages to do that? Even if you can put together deals that you can get your down payments back (rent to own deals) you still need to be able to get mortgages for each property. I would imagine the lenders are not going to continuously keep giving you money.

Thanks, appreciate all the helpful advice

Comments for Multiple Mortgages?

Click here to add your own comments

Apr 19, 2012
 RE: Multiple Mortgages?
by: Tom Karadza

You’re right, you need to qualify for them. In Canada we have an income based approval process. What I can share is that a good Mortgage Broker can often find mortgages outside of the chartered banks which may have slightly different qualification requirements. Find a good mortgage broker is going to be the key to long term success.

Click here to add your own comments

Join in and write your own page! It's easy to do. How? Simply click here to return to Submit A Question.

                  

  Some Cool Free Stuff...

  Step 1:

Grab a free digital copy of our real estate investing book, Income  For Life For Canadians, right here. This book has been downloaded over 22,597 times and has helped hundreds of investors kick-start their investing with simple and straight forward strategies that you can implement right here in Canada.

You'll also receive our weekly [Your Life. Your Terms.] email newsletter with the latest investing updates and videos.

  Step 2:

Free Weekly Investing Videos & Articles: Get the latest updates and join the over 10,000 other Canadians enjoying the weekly [Your Life. Your Terms.] email newsletter. The email is sent out each Thursday. And as a little bonus we'll give a FREE digital copy of the book, Income For Life For Canadians, too!

Your Life. Your Terms.


  Step 3:

Free LIVE Investing Class: Do you live in the Greater Toronto or Golden Horseshoe Area? Come out to our next introductory "Investing in Nice Homes in Nice Areas" Real Estate Class.

Get all the details by clicking here.

It's 90-minutes and you'll learn a ton - promise!Thousands of investors have now joined us for this class and the feedback has always been amazing.

Click here to get book

This book has been downloaded over 22,597 times and has helped hundreds of investors kick-start their investing with simple and straight forward strategies that you can implement right here in Canada.

  Click here to subscribe