Look for sellers who need to sell—due to financial strain, property issues, or other urgent situations.

Another we work with will take a new deal that was $500k, they may lend full amountore but they would also need to cross collateralize as well on other assets that would have to be atleast 2-3x value of the property.  

I have quite a bit of experience in real estate and RE management, I hope that's is where I can be an asset to some of you all.

Most of my fix-n-flips are financially at least second base hits, or home runs, but this one was barely a base hit. 

@Monica Juarez-Gonzales Cost Seg and Solo 401k are both great tax and financial tools!

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.

., while residing in Canada, then you would need to hold the assets in an incorporated entity.  

That allows the payment to be low, manageable and easy to cash flow when you transition it into a rental.When you move out you will have more money in the bank, stronger assets, and be cash fluid in case you need to make an offer on more investment properties.

If you are not starting from a very strong financial position and you do not have the ability to quickly stockpile cash quickly from other means then I definitely agree with that statement from the book.

If you need financial help, ask under the "Finance, Tax, and Legal" forum.