Inventory levels have ticked upward, giving buyers a bit more choice, but well-priced properties are still going quickly, so timing remains crucial.If you’re a buyer, get your pre-approval done and be ready to move fast when the right listing appears.

Complaints are always dicey when you live or have property in a jurisdiction they scan your license plate and have visibility into your property that may negatively impact you in the future.  

Raise the $600K, do the pre-development work, then “sell” the property to NewCo.  

If loan balance is $300k and it's worth $400k and an equity partner puts $40k to bring it current then they have about 40% of equity in the property - now they would not take straight $40k as probably more costs involved.

Also as I understand it qualification for these loans are based on the property as opposed to the borrower.

See properties sitting on the market for a long time, every market is different, my market anything over 30 days is a long time.

Shema, while you’re new to posting on BP, your statement shows GREAT insight and understanding that real estate is as much or more about PEOPLE as it is about property.

I wonder with Canadian economy struggling if there is potential to purchase distressed properties that could be converted into long-term rentals or successful AirBnbs (especially in the cabin markets that have been hit hard).

A quick, instant report might miss evictions, judgments, or even identity fraud, which could put your property at risk.

Quote from @Andrew Boston: Hi Bigger Pockets Fam,I paid cash for a home March 2024 that was uninhabitable and am just now getting around to rehabbing the property.