My wife and I purchased our first home, a multi family, to house hack in late 2024.

In other words, not resold to the government so the bank had more flexibility on the condition.I look at the original commitment letter and it states "xxx amount will be advanced at closing for the purchase of an investment property, and the remaining balance of the loan to be placed into an escrow account to be disbursed as improvements are made".No points, and only one closing, so I don't have to deal with a short term HML that I have to refinance in under a year.Hope that helps!

Hello- I am considering purchasing a property that is a main home (3 bed 3 bath) with an attached apartment over the garage (1 bed, 1 bath) with separate entrance.

Purchase price: $850,000 Cash invested: $335,000 Historic downtown Fargo property.

I have a couple of buyers that will purchase without due diligence.  

I sold about half my stock portfolio to purchase real estate here in January.If it's not time to buy right now, when is buy time? 

It might not be the best method but it works for what I own because I only purchase performing notes. 

I have not every purchased property in Canada, but my wife is Canadian and I've seen some of the issues her family has had to deal with.  

Ultimately though, it will depend on the lender and the availability of funds (assistance) available for the demographic area that you are purchasing in.Do you have a property that you are looking at?

Purchase price: $2,000 Cash invested: $60,000 Sale price: $91,000 Bought this one from WCLB with the intention to fix it and sell on market to homeowner.