Could I turn a house hack into a BRRRR?
Hi all, I'm looking to get started with real estate by house hacking a duplex in Edmonton, Canada. I live a pretty simple lifestyle, so even on minimum wage I'm able to save almost $10000 each year.
I want to eventually use the brrrr strategy to buy several rental properties to provide an income supplement in retirement to what I'm able to save up (I'm 32 now).
it seems to me that my problem is that when I go to refinance my first property no lender would take on a minimum-wage homeowner. Am I anywhere near right?
I'm trying not to let my suspicion stop me - I'll deal with that when it comes.