Hi Everyone, I`d really appreciate some advice on a number of land properties that I purchased a few years ago. They are well located in areas such as Barrie, Wasaga Beach and Collingwood, and each have between 2-5 acres and 3-5 rental units so they do generate a reasonable amount of income...

I think it is fine. Look at all the obvious tricks that have been posted above. Make sure the story they are providing is straight and check references a little more thoroughly. Find out why they are moving and explore the reason to assure yourself it is legit. Saying this however, all else...

Hello Robert, Your plan would be ideal and it is how I have structured deals in the past. You have a few options other than your plan. 1. Refinance another property in your portfolio before the two year term. 2. get a private second mortgage. 3. get a second mortgage from a bank or CMHC. 4...