BRRRR - Refinancing Methods

[Cody Weber]

I've been learning more about the BRRRR strategy recently but am having a hard time trying to find strategies for Canadian real estate investors. Can anyone provide resources or examples of their own refinanced properties for my learning? Thanks in advance!

[Andrew Postell]

@Cody Weber you are right that there's not a lot of information on this subject. Mainly because we don't know what kind of loans you have up there. Meaning, here most Hard Money Lenders will lend you 70%-75% of the ARV on a property. Then a Fannie Mae or Freddie Mac loan will lend you up to 85% ARV. So that helps us forcast what we can do on the "BUY" step and the "REFINANCE" step. Do you know what type of loan, and their LTVs, on the "BUY" step and the "REHAB" step in Canada? There is also a Canada forum too. Maybe post there to see if some locals...or at least some fellow Canadians can guide you? Here's the link:

https://www.biggerpockets.com/forums/90-canadian-real-estate