I'd love some info on this too. Like Caramon and Jimmy, I'd love to have some investment properties. I bought a book called "Real Estate Investing for Dummies, Canadian Addition" and it has some good info in it.
I'm also an owner of a condo that I bought for $120k in 2000 (currently valued at $340k) and the mortgage is now getting pretty small. We'd like to hold onto the condo but use the equity to buy a house at some point.
Now if I'm understanding things, if I were to pull equity out of my condo, my mortgage would go up, yes?
|