Hard money was the best option for this property, given the condition and timeline to close.

Hard money was the best option for this property, given the condition and timeline to close.

It’s a great option if you want simplicity and rewards.

And you may not know the answers right now because you may not have much experience with each different option; and that is okay.

There are lots of hard money options (or maybe not "lots" but not too uncommon) with no appraisal required - that makes the offer equivalent to cash (closing within a couple days and no appraisal contingency - its out there)The lender still has to ok the deal, appraisal or not.

There are options you can invest in such as oil and gas, datacenters etc. that typically provide significant depreciation.

I'd be happy to connect and chat about the area and financing options.  

I suggest contacting an RE attorney who can assess your options.

I do not think options 1 and 2 are mutually exclusive, in fact I think you should do both. 

Quote from @Ehrich Roberts: G’Day,Grateful for any advice in relation to mortgage options in British Columbia where liquid capital in combination with rental income would be accepted towards qualifying for a mortgage.