All Forum Posts by: Julie Toh

@Mark Peyton How are you searching for potential deals? My clients have been successful in finding private deals and there is a process to this.

We either donate (to cleaner) or compost whatever is suitable. 

@Alicia Marks Buy her the book, Smart Women Finish Rich. :-) 

@Account Closed It's been 3 months since you posted your question. What forward movements have you made? To scale in REI, I'd get the HELOCs in place. Get a higher paying job - between cooking and operating construction equipment, which one pays more? Consider a real estate related job if REI interests you. To apply for a mortgage, without a solid paycheck to show the bank, they're show you the door.

As per lending guidelines, you can refinance up to 80% of the appraised value of a property. How much is your equity?

@David Mateo Camelo Corredor which province is property located?

@David Mateo Camelo Corredor By using the rent revenue for this property, would it help your DTI ratios for a rental mortgage from an 'A' lender? Other ways to finance this purchase are VTB, private lender, or get co-applicant.

@Madeline Currie Hello Madeline, so happy you found BP and welcome. Good on you for introducing yourself and since you've written a short bio, you might want to add this to your profile on this BP. Click on your photo - top right hand corner to go to the profile page. You say you want to meet and connect with others here, one way is to engage in this forum which you have done. I'd also recommend you 'like' responses to your questions as an acknowledgement of the time other BPers have taken to read and respond your post. Keep learning and you'll achieve your RE goals. Cheers.

@Charla Telford Welcome to BP. A Canadian working overseas could qualify for a (purchase) mortgage under the Non-resident (NR) mortgage program - the lending guidelines vary from lender to lender. Max. LTV 80% for the NR living in the USA and 65% LTV for other countries. So few 'A' lenders will approve a NR for a refinance / take-out equity for a subject rental and only when a key criterion is met.

@Cameron Chambers Your household income, liabilities (repayments of debts) and creditworthiness all impact your borrowing power. Is a co-applicant an option?