How to Get Money to Purchase Rental Properties

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In this strategic episode, Scott shares detailed insights on how investors can access funding for multiple rental properties, from initial property acquisition through portfolio growth. He provides a step-by-step breakdown of his personal investment strategy and explains how to leverage existing properties to build wealth.

Key Timestamps:

[0:00] Getting Started
- Initial property strategies
- 5% down payment approach
- Living-in requirements

[4:30] Property Appreciation
- Market value increases
- Equity building
- Refinancing opportunities

[8:45] Home Equity Strategy
- Refinancing existing homes
- Partnership possibilities
- Lender considerations

[12:30] Renovation Approach
- Mortgage plus improvements
- Progress draw mortgages
- Renovation timing

[16:45] Portfolio Growth
- Refinancing strategy
- Cash flow importance
- Property scaling

[21:15] Commercial Transition
- Multi-unit opportunities
- Down payment requirements
- Economies of scale

[25:30] Value Enhancement
- Rent increase impacts
- Property valuation
- Portfolio expansion

Key Investment Strategies:

1. Initial Property Acquisition
- 5% down owner-occupied
- Renovation focus
- Tenant placement

2. Equity Building
- Property appreciation
- Strategic renovations
- Refinancing timing

3. Portfolio Expansion
- Commercial transition
- Multi-unit focus
- Economies of scale

Important Considerations:
- Cash flow requirements
- Renovation funding
- Lender relationships
- Property appreciation timing

Contact Information:
Phone: 519-960-0370

Resources Referenced:
- Episode 17: Unlimited Properties Guide
- Website: podcast.lendcity.ca

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