How to qualify for financing to grow your portfolio to 10-20 properties

  Рет қаралды 4,476

RealEstateTaxTips

RealEstateTaxTips

Күн бұрын

Are you struggling to qualify for more mortgages? Do you hope to hold 10 or more properties some day? You’ll want to hear what Kevin has to share here, then!
Since many banks and lenders max out at 4-5 properties, I’ve asked Kevin Huynh, a professional mortgage broker with Empire Mortgage Group to share how investors can qualify for financing to grow rental portfolios to as many properties as desired.
In this video, we also talk about:
👉The mistakes novice investors and flippers make
👉The current bank interest rates
👉 How I got my latest mortgage
👉The interest rate outlook for the rest of the year
And so much more.
If you have any questions or thoughts after watching this video, leave a comment below, and I’ll respond as soon as possible.
#RealEstateTaxTips​ #RealEstateInvestors​​ #CanadianInvesting​ #realestateinvesting #mortgagebroker #mortgage #flipping #financing #portfolio
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DISCLAIMER:
Tax planning is a personalized decision and will depend on your situation, priorities, and risk tolerance. Consult with your own legal and tax advisors to ensure you get the advice you personalized for you.
The information contained in this video is for general information purposes only.
The information is provided by ECRB Consulting Inc., RealEstateTaxTips.ca, Cherry Chan Professional Corporation and Cherry Chan.
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Пікірлер: 11
@reggieortiz
@reggieortiz 2 жыл бұрын
i love this interview! good job guys!
@RealEstateTaxTips
@RealEstateTaxTips 2 жыл бұрын
Glad you like it.
@KD-mz5xv
@KD-mz5xv 2 жыл бұрын
good info thanks
@RealEstateTaxTips
@RealEstateTaxTips 2 жыл бұрын
Appreciate the feedback.
@Indrajith4evr
@Indrajith4evr 2 жыл бұрын
I got a tiny portfolio, just 2 rental homes. Got HELOC on the primary and got 100k to invest, but now cant get a mortgage. What am I doing wrong?
@RealEstateTaxTips
@RealEstateTaxTips 2 жыл бұрын
I'm not a mortgage broker. From experience, mortgage qualification is a function of income vs. the debt carried. The more income you report on your personal income tax return, the higher the amount of mortgage loan you can get Best is speak to Kevin's team - his website is empiremortgagegroup.ca/
@willwang5603
@willwang5603 2 жыл бұрын
I think I've met with 4-5 mortgage brokers and can't even get financing on my first investment property...how do ppl get 5 ?? Income to debt ratio too high with my current job and mortgage
@RealEstateTaxTips
@RealEstateTaxTips 2 жыл бұрын
The basic premise of getting financing in Canada is to have income reported on your personal T1. If you have sufficient income reported, you can get as many properties under your name as you want. Not necessarily good news, but that's how it works here.
@akshanshjain
@akshanshjain 2 жыл бұрын
How can i contact kevin? Does he have a website?
@RealEstateTaxTips
@RealEstateTaxTips 2 жыл бұрын
Hi, here's Kevin's website. www.khmortgageteam.com/
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