Investor Q&A Archive
Short answers from strategy calls and podcast themes — each links to a full article or tool.
DSCR & Cross-Border
What DSCR do lenders require for US rental properties?
Most US DSCR lenders target 1.0–1.25+ depending on program, property type, and credit. STR and foreign-national files often need higher cushions.
How is Canadian apartment DSCR different from US DSCR?
Canadian multifamily often uses CMHC NOI tests and lender-type-specific ratios; US DSCR is typically property-income based without personal income verification.
Do I need an LLC for US investment property?
Many Canadians use US LLCs for liability and banking, but structure depends on tax advice, lender requirements, and how many properties you hold.
Can Canadians finance PadSplit or room-rental properties in the US?
Selected DSCR and investor lenders allow PadSplit and room-rental income when projections are documented — Georgia and other landlord-friendly states are the usual starting markets.
CMHC & Portfolio
What is CMHC MLI Select vs MLI Standard?
MLI Select uses a points system (affordability, energy, accessibility) for up to 95% LTV, 1.10x min DSCR, and longer amortization. MLI Standard is the no-points insured multifamily path at up to 85% LTV with min DSCR 1.30x (5-year) or 1.20x (10-year) — never 1.10x.
Can I qualify for more than 4–5 rental properties in Canada?
Yes — investors use B-lender sequencing, commercial files, partnerships, and equity recycling. Personal income limits are not the only path.
When should I start an investment property mortgage renewal?
Begin 120 days before maturity. Investor files need rent rolls and sometimes a new appraisal — starting early keeps the option to switch lenders with no IRD penalty.
Getting Financed
Should I get pre-approved before offering on an investment property?
Yes when possible. A broker letter or soft approval path carries more weight on competitive rentals and multifamily than a retail homebuyer pre-approval.
What documents do I need for a CMHC MLI application?
Rent rolls or signed leases (Advice 268), operating statements, appraisal, environmental report, corporate docs, and — for MLI Select — points evidence. Incomplete third-party reports are the usual delay.