Banks often have very rigid requirements, such as high credit scores and a detailed financial history as well as lots of paperwork.Private Money Lenders: Faster and more flexible.

Here’s how it benefits you:•Faster Evictions: The expedited eviction process minimizes financial losses from unpaid rent and property damage caused by squatters.

Underwrite the property: Ensure your property works financially as a midterm rental.

This not only creates financial strain for landlords but also results in fewer rental units being available, exacerbating housing shortages for new tenants.Another major challenge is the backlog at the Landlord and Tenant Board (LTB).

I would appreciate input from the BP community as to the best way to approach this from a financial and tax perspective.  

If you can hold off for 2-3 years to save more and build a solid emergency fund, it may give you greater financial flexibility when you’re ready to buy.If buying now feels too risky, consider renting for a while to gain privacy without the long-term commitment of a mortgage.

Great tools that get updated regularly.I am on the lending side of things and would be happy to hop on a call with you anytime to discuss financial strategies and help answer any questions you may have about nearly any loan product available to help you on your journey, even if they are not products my capital partners offer.We are all here to help you learn and grow.

And if the sponsor truly can't be bothered to answer your questions when they should be on best behavior and are most financially incentivized to do it (when trying to get your money), then they will have even less incentivized to do it, in the future, when there are problems and you have difficult questions to ask them.So personally I would consider that a red flag and move on to a sponsor who communicates reliably and on a timely basis.

Detroit offers strong cash flow, appreciation potential, and affordability, especially if you’re interested in long-term holds.That said, where to invest ultimately comes down to your goals, experience, and where you are on your journey to financial freedom.

A few tips: maintain a solid credit score, organize your financials (especially your proof of funds), and be ready to show that you have a solid plan for your investments.