Obtain the necessary insurance as well to guard against any hazards or damages that may arise throughout the renovation process.6.

looking to arbitrage a deal with a home owner I know, This might help the previous question above as well. 

(Well it was all good info, but that is what I can focus on first!)

And for two It takes well over a year to even start a foreclosure.

All,I am new to bigger pockets as well as to real estate investing.

The pre-construction option is very risky, and in Calgary you could very well be loosing $50-60k as well in 1-2 years... 

This could be happening to you as well. 

While home prices have cooled slightly from their peak, affordability remains a significant barrier.According to the National Association of Realtors, homes in the U.S. spent an average of 36 days on the market in January 2025, a slight increase from last year but still well below historical norms.

U can ping me I have a friend their in Honolulu that may look at this as well. 

Very excited about how well they are doing.. they are not holding but I am helping them make 250 to 400k in cash a year or more by financing thier deals for them.