Financing Investment properties!
Hi there, I’m Kyle and a beginner real estate investor. I have my primary residence here in BC, and 4 months I purchased ago a rental in Windsor making me 500/ month. I am now looking to purchase another property … however my broker told me I can only afford another place up to 300k. . My question is… how do people afford so many doors? After 3 properties do people have to turn to JVs where your partner holds the mortgage? Is it commercial lending I have to turn to, where the lender doesn’t look at my income? What other ways are there other than the two I stated? Any help would be appreciated!
cheers Kyle