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All Forum Posts by: Eric Best

Eric Best has started 0 posts and replied 1 times.

New Member Introductions

Post: Hi! New member from Ottawa looking to invest in NB, QC, ON

Eric BestPosted
  • Posts 1
  • Votes 0
Quote from @Chris Drouin:

Hey there fellow Ottawa investor!

just a quick stop in to say hi. I am also a long time listener/watcher who finally got into the game just over a year ago. 
I bought a under performing duplex that needed work. Purchased for $60k under ask, lived in it while I renovated and increased monthly rents from $1650 to $3300. I wish I could refinance but I don’t want to give up my 1.9% rate lol. 

Looks like you are looking to get in at the right time. Rates might be high but I think starting this winter, deals will be much easier to get. Have you been analyzing any deals in the area yet?

Hey Chris, have you evaluated access to that equity on your property through a HELOC without breaking your current spectacular 1.9% mortgage rate?

I'm in that HELOC process right now, it's slow but if that works would be fantastic. I'm in the Ottawa area too, not an investor yet but working on it for next year. Let me know if you want to chat about these topics @Chris Drouin

Welcome @Genevieve Vienneau hope you have success in your journey.

0 Votes
Ottawa, Ontario