How to Buy a Multifamily with 5% Down in Canada | Recession Proof

Hey, its Tracy here. I'm a Canadian investor and mentor, specializing in stocks and residential real estate investing, to help aspiring Canadian investors go from self doubt to confident with investing. Today, I share how owning 5 units or more can actually result in a less of a downpayment and here's. But its not all rosy, I share with Dalia from Streetwise Mortgages the pros and cons, how to qualify, where it works and so much more.

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About Tracy Ma, host of Financial Nirvana Mama:
I help Canadian investors, business owners, professionals who are action takers go from self doubt to confident in building multiple streams of income & wealth so that they can ultimately live their BEST LIFE.

I'm Canadian, former environmental engineer turned real estate & stock investor, featured in Huffington Post, Canadian Real Estate Wealth Magazine, AOL Finance and much more. But mainly I'm a wannabe dancer, fitness enthusiast and mother of twins.

My 1st 'aha moment’ was when I killed my student loans after slaving away at 3 jobs, 70+ hr weeks, and BURNING OUT. I changed my life by investing in real estate & stocks while holding an engineering career, young family (twins) and life. At 35, I built a 7 figure++ legacy so I left engineering + gov't golden handcuffs to live life on my terms.

My #1 goal is to help you GAIN time freedom using real estate, stocks & life hacks
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DISCLAIMER:
This video is for entertainment purposes ONLY.
I am not a financial advisor. You (and only you) are responsible for the financial decisions that you make.

#canadiandirealestate #multifamily #canadianinvestors #canadianinvesting @Streetwise_Investor

[epictetus]

Would love to see a breakdown of the numbers with an example. I can't find any real estate deals in canada that make any financial sense unless you are speculating. Once you run the numbers it becomes clear that real estate in canada isn't worth it.

[AZeeee]

Whats a good area to invest in these days ?

[caribbeancrypto]

Really good video, glad to find a Canadian channel speaking on these topics. I'm definitely going to spend time going through your channel right after I hit that 'like' and 'subscribe' button 😊

[pedrogoncalves]

I'm currently a real estate investor in Quebec. I currently have 3 properties with a total of 7 units. I'm having difficulties scaling and getting financing. What would be your suggestion?

[pilotgirl]

Very interested in multi family! Great vid & info

[GreenBeanGreenBean]

Question: commercial financing (5+) for multifamily is good if all units are in the same can you do commercial multifamily financing on say 5 separate condos in 5 separate buildings and still do it. The condos would be in the same area down the street from each other.

I've seen MLS listings of 20+ condos in a group for sale and there ain't no way they did personal financing on all of them.

[ribl]

I don’t understand the 5% down math

Is the idea that because you have more people paying rent, that covers the much higher cost of the mortgage given that your paying a much larger portion of interest and higher monthly payments?