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  1. M

    Mortgage rules for a small mixed-use?

    Hi guys, I am looking at a triplex with a commercial unit on the ground floor (bike shop) and two residential units on the top floor. As I have never ventured into mixed-use commercial real estate, I am not sure how financing works. Can I move in one of the top units and pay only 10% down ...
  2. M

    Negotiating rates with banks

    Hello, I remember reading in "Real Estate Investing in Canada" that it is possible to negotiate a mortgage rate up to about 0.25%. Do you guys have any tips on how to go about negotiating the rate? I am currently purchasing my second rental property and dealing with CIBC for the mortgage as...
  3. M

    Hitting the mortgage wall

    Hello, I own one rental property (its going great!) and I am about to buy a second one. However, I still pay rent for the house i live in(it belongs to my friend so I pay cheap rent). Now, I believe that after I buy this second property, I will be at my limit in terms of borrowing money for...
  4. M

    Mortgage 25 or 30 years

    Hello, I just bought my first student rental property 6 months ago. I chose a 30 year mortgage because my payments were lower than with a 25 year mortgage. I've heard and read a lot of comments about how you should get a 25 year mortgage. I know I would pay less interest and more principal but...
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