Investor Roadmap

The Buying Process

From your first conversation to owning a multi-family asset — here is exactly what to expect at each stage of a CMHC MLI Select purchase. Have questions? Read the full FAQ →

Steps to Close

Deposit Required

60–90

Day CMHC Window

Step-by-Step

From First Call to Final Close

Phase 1 — Pre-Approval

Pre Qualification & Project Selection

Initial consultation to understand your financial position and determine investor eligibility. We assess net worth, available capital, and investment goals to confirm fit with the MLI Select program.

Initial Consultation

You Are Here

Allocation Request

Once qualified, a worksheet is submitted to the Builder on your behalf to formally request purchase allocation for your selected property.

Builder Submission

Due Diligence

Our preferred mortgage broker simultaneously qualifies both the investor and the project. This includes a review of property viability, projected cash flow, and CMHC MLI Select eligibility criteria.

Broker + Project Review

Phase 2 — Secure the Deal

Lender Satisfied

The lender issues a Letter of Intent outlining the mortgage terms and conditions. This confirms the financing structure before you commit to the purchase.

Letter of Intent Issued

Deal Firmed

The first deposit is submitted to the Builder, firming the agreement. The purchase is now conditional on CMHC approval and project viability as outlined in the APS.

Deposit Submitted

Preparation & Submission

The full application package is submitted to CMHC. This stage typically takes 60 to 90 days while CMHC reviews the project and issues the Certificate of Insurance (COI).

60–90 Day CMHC Window

Phase 3 — Close & Launch

CMHC Acceptance

CMHC approves the project and insurance is confirmed. Your lawyer is introduced at this stage to begin preparation for closing.

CMHC Approved

Pre Leasing Before Completion

While construction completes, property management begins advertising and leasing units — with the goal of achieving maximum occupancy before you take title. Tenancy levels at closing will vary by project.

Revenue Begins

Project Completion

Congratulations — you have closed on your multi-family property. The goal is to have maximum units leased by completion. The property is professionally managed under the 50-year amortization structure. Actual occupancy at closing will depend on market conditions and project timing.

Keys in Hand

What to Expect

Built for Passive Investors

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No Personal Income Qualification

CMHC MLI Select qualifies you based on net worth and property DSCR — not your T4. A standard mortgage credit inquiry will appear on your bureau; a minimum score of approximately 680 is typically required.

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Conditional Agreement Protection

Your agreement is conditional on project and CMHC viability. If CMHC doesn't approve, the agreement is voided and your deposit is returned per the Agreement of Purchase and Sale terms.

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Pre-Leasing Before Completion

Property management begins marketing and leasing units before construction completes. The goal is maximum occupancy at handover — actual tenancy levels at closing will vary by project.

Full terms and conditions, including details of these provisions, will be outlined in the Agreement of Purchase and Sale.

After Property 1

The Acquisition Doesn't End Here

Closing is not the finish line. It is the foundation. Most investors who close on a first asset return for a second within 12–18 months — funded by the equity the first property builds.

Property 1 Closes

Keys in hand. Tenants in place. Cash flowing under 50-year amortization.

Equity Builds

Principal paydown and appreciation accumulate. Typically within 12–18 months, a HELOC or refinance unlocks the equity.

Property 2 Deposit

Pulled equity funds the minimum deposit on the next acquisition. The same $80K–$155K typical entry range. The process repeats.

50 Doors

Each asset finances the next. The portfolio compounds. This is how 50 doors gets built — one structured acquisition at a time.

12–18 Months to Property 2 Eligibility

5%+ Minimum Down Payment Required

50+ Doors. The 4-Year Target.

This document is for general information purposes only and is based on assumptions. Past performance is not indicative of future results. The information provided herein does not constitute financial, investment, or legal advice. Every purchase is unique. No guarantees or warranties are made regarding the accuracy or reliability of this content. Please consult with your lawyer and lender for guidance specific to your transaction.

Ready to Start?

Begin with a Discovery Call

Step 1 starts with a 30-minute call where we assess your eligibility and walk you through the right property for your goals. No commitment required.

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