How to refinance if not eligible (in Canada)

[Eric S.]

Hi, I would like to purchase a property to start brrrr-ing by using my home's equity. I won't be eligible to refinance and am looking for suggestions on how I can tap into my equity. I've owned the home for about 2 years and the home appreciated by about 250-300k since purchased. If I am able to find a way to refinance my own home to begin purchasing a brrrr property how will I then continue to be able to refinance those brrrr properties?

Thanks in advance!

[Melanie Dupuis]

Depending which lender you are with for your first mortgage, you could always put a second mortgage on it to take out the equity. Or you could cross collateralize, again depending on which lender you are with.