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Old 02-26-2015, 05:54 PM   #2875
Calgary14
First Line Centre
 
Join Date: Jan 2014
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Quote:
Originally Posted by Realtor 1 View Post
They will purchase something else and rent out their own place.
In most/many cases, the monthly rent covers all costs.
The ability to purchase a 2nd property is much more common than you may think.
Just curious, how common is it for people to own more than 2 properties? I believe you need 20% down if it's not a principal residence
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