About Dalia Barsoum

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So far Dalia Barsoum has created 13 blog entries.

Financing the Renovations of Run-Down Properties

If you invest using a renovations strategy and you buy run down properties, then read this post to learn more about how you should go about the financing of your investment property. this post is based on a real client story ... Nicholas and Hilary are husband and wife investors. Nicholas is a self-employed contractor [...]

I Make Good Money But My Tax Returns Show Little Income. Will I Qualify for a Mortgage?

When it comes to qualifying for a mortgage, lenders tend to consider a variety of factors. One of the main things that lenders consider is income, and tax returns typically give a good indication of income for individuals seeking a mortgage. For the self-employed, however, the situation can be a bit more complicated than for [...]

Entrepreneurs Blog|

Can You Buy Investment Property as a Self-Employed or Commissioned Worker?

The process for buying investment property is largely similar to the process of buying a home. For self-employed and commissioned workers, most lenders require the same documentation when considering eligibility for a mortgage, but requirements and mortgage structures can differ. For self-employed individuals, obtaining a mortgage on an investment property begins with submitting paperwork documenting [...]

Entrepreneurs Blog|

What Happens if I Have Not Filed My Income Tax and Wish to Purchase a Home?

Because income tax documents are generally required by lenders to confirm details regarding your financial standing, not filing income taxes can result in significant issues in the process of obtaining a mortgage and buying a home. For the self-employed, lenders generally look at the Notice of Assessment in order to verify levels of income, usually [...]

Entrepreneurs Blog|

How Do You Leverage Equity in Your Home to Fund Your Business Growth?

Sometimes, two major goals converge: You are in the process of paying off your mortgage, but you are also looking for funding for your business. In some cases, one can help with the other, as home equity can be converted into funds for the development of a business. The first thing to consider is whether [...]

Entrepreneurs Blog|

How Does Getting Approved for a Mortgage Differ if I Work on Commission?

For self-employed individuals working on commission, the mortgage process operates slightly differently from the normal qualification proceedings for salaried employees or self-employed people with a regular income. Because earning patterns and historical income figures are so important in obtaining a mortgage, commissioned workers are somewhat more limited than other self-employed individuals because of the nature [...]

Entrepreneurs Blog|

Financing using Vendor Take Backs

Whether you are starter or veteran investor, mastering the ins and outs of financing and getting the right advice is crucial to your continued success. We have seen a tightening in the lending guidelines and they are expected to continue tightening, especially of the economic situation changes. We have seen amortizations drop from 40 years [...]

Real Estate Investors|

How important is interest rate to your success as an investor

Many investors call their lender and ask, “What is your best mortgage rate?” While reducing your cost of lending, including lowering the interest paid on your mortgage, is important, there is more to evaluate when it comes to arranging a mortgage for an investment property. This includes: • Prepayment privileges • Prepayment penalties • Portability [...]

Real Estate Investors|

Should you paydown your mortgage fast on your income property

According to recent research by the Canada Mortgage and Housing Corporation (CMHC), more Canadians are planning on paying down their mortgages sooner. Three quarters of the participants in the CMHC research felt that it was “very important” to pay off their mortgages as soon as possible and 39% had a set payment higher than required. [...]

Real Estate Investors|

Your Goals and Financing

Real Estate investors are different in many ways but similar in many others. While they are different in the strategies they use to invest in real estate, they are similar in the sense that they have a longer term goal of building a real estate portfolio that will support retirement, build significant wealth and/or enable [...]

Real Estate Investors|