How Much Income Do You REALLY Need to Qualify for a Mortgage? | Keaton Kirkwood | Real Estate Investing Canada

🎧 How Much Income Do You REALLY Need to Qualify for a Mortgage? Real Estate Investing Morning Show – Hosted by Wayne & Gabby Hillier This morning's episode gets real about mortgage qualification — and why so many investors hit a wall even when they "make good money." Investor-focused mortgage broker Keaton Kirkwood joins us to break down the actual math behind qualifying for rental properties in Canada, using real Edmonton examples. We talk surplus income, car payments, lender differences, and why small decisions can make or break your ability to build a portfolio. If you've ever asked yourself "Why won't the bank approve me?" — this episode answers it. 🧠 What You'll Learn in This Episode How much gross income you actually need to qualify for a rental property Why lenders focus on surplus income, not just salary The hidden impact of car payments, rent, and personal debt Why a $150/month difference can decide if you build a portfolio or not How different lenders treat non-subject rental properties Why many high-income earners still can't qualify The importance of using an investor-focused mortgage broker 👥 About Your Hosts Wayne & Gabby Hillier are full-time real estate investors and coaches based in Edmonton, Alberta, Canada. Through their REI Masters Mentorship Program, they help Canadians build long-term wealth using rental properties, BRRRRs, joint ventures, flips, and creative real estate strategies. New episodes every weekday morning featuring real coaching conversations, market insights, and tactical investing advice. 💡 Resources & Contact Learn about the REI Masters Mentorship Program: www.reimasters.ca Bookkeeping & tax help for real estate investors: www.finngo.com/rei Submit a question for the show: [email protected] 🤝 Thanks to Our Sponsors 🏠 Calvin Realty – Edmonton Investor-Focused Realtor 🌐 calvinrealty.ca 📊 Finngo Bookkeeping & Tax – Investor-Focused Accounting Firm 🌐 www.finngo.com/rei 💼 Kirkwood & Brennan Mortgage Group – Investor-Focused Brokers 🌐 www.kbmortgages.ca 📧 [email protected] 🏫 Edmonton Real Estate Investing Course Thinking about investing in Edmonton but not sure where to start? Our 8-week Edmonton Real Estate Investing Course gives you a clear blueprint to invest with confidence, including: Why Edmonton is one of Canada's strongest cash-flow markets The economic drivers shaping Edmonton's growth How to analyze neighborhoods for cash flow and upside The five main asset types and how they perform Tenant selection strategies that protect your returns How to buy rental properties that actually make money 👉 Learn more and register at: www.reimasters.ca