All Forum Posts by: Shawn Getty

Hi Shafi. Thanks so much for the reply. Those are great points! Qualifying was definitely an issue I have been considering. I have a fairly large income but the ability to write it down to Almsot nothing. One of the things I’ve played with is leaving the j fine higher today qualify for more and if lying more taxes is worth it. It’s exciting to have these options but a bit stressful trying to make sure I pick the right one :) 

that calculator would be super helpful if you wouldn’t mind sharing! 

thanks for the response. There are some options available for a few properties with 5% down depending on qualifications and then partnerships with other first time homebuyers and trust letters. 

I’m aware of the mortgage rules and guidelines. I’m more curious on the math :) 

I have $300k to invest in real estate. Decent rentals are around $500k in my area. Would it be better to buy 5-6 rentals with 5% (this is possible for me) or better to buy 2-3 with 20% down. 

Our market is likely to pick up in the near future so we are expecting prices to rise. I know the general rule is put as little down as possible that gets cash flow. I’m thinking if the market picks up though, I won’t be able to refi the 5% down properties till they are over 20% but if I start with 20% I could likely refi those and pick up 1-2 more and not pay CHMC (mortgage insurance, I’m in Canada)

has anyone come across this before? I’ve ran the math on both options and I think I know which route makes more sense. The plan is to add as many doors as possible over the next few decades. seeing if I’m missing something and someone has gone through this already :) 

thanks everyone!