Canadians buying private sales

[Jeff Beler]

Hi everyone,

I am looking for a bit of advice on purchasing a property. I currently own 2 SFH and the bank will not even look at me for a 3rd mortgage. I have been looking at private sales (my only real option) and was wondering if any Canadians have had any success buying with a hard money lender and then refinancing in the first year with a bank. I have tentatively a money lender based on the cost of the property, but i want to refinance with a bank to bring down the interest rate as soon as i can.

Thanks for reading and good luck to all!!!