21 - The Real Estate Trick Investors Use to Get Their Next Down Payment
Two Girls Investing Podcast · Two Girls Investing Co.
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Show Notes
In this TGIF Two Girls Investing Friday episode, Colleen & Jess continue their real estate series by focusing on how to access a down payment for rental properties that typically require 20% down. They share personal money wins and lessons about resisting unnecessary purchases, including returning clothes and missing an electronics return window. Jess explains how profits from selling a renovated Calgary home became invested in her TFSA/RRSP, grew over about six years to $60,000 with continued monthly contributions, and helped fund a 20% down payment on an Airbnb rental alongside her husband. For a second property, she describes saving again and using refinancing to pull equity from the existing rental, outlining how lenders may allow borrowing up to 80% of an appraised value, how payments and interest rates affect the decision, and that proceeds are tax-free but accrue interest. They also discuss Whitehorse’s low vacancy rate, high rents, and choosing to rent below market to avoid gouging, then tease a future episode on portfolio diversification.
00:00 Welcome to TGIF
00:34 Real Estate Series Setup
01:10 Money Win Returns
02:41 Return Window Lessons
03:50 Mindset on New Outfits
05:42 Down Payment Story
08:15 Using Equity Refinance
09:11 Refinance Math Explained
11:06 Payments and Rate Risks
14:12 Rental Market Ethics
15:57 Impact and Money Mindset
18:33 Wrap Up and Next Episode