Danger.A few years behind the likes of Demographia, the Economist and the IMF, the Canada Mortgage and Housing Corporation (CMHC) has decided to sound it's first Red Alert.http://www.theglobeandmail.com/real-estate/the-mar...http://www.cbc.ca/news/business/cmhc-red-warning-h...and the opinion piece which pre-announced the revelation:http://www.theglobeandmail.com/report-on-business/...When Polloz is compelled to raise interest rates to follow a rate increase south of the 49th, things will become interesting.

lolAs an example, the federal banking regulators, including the OCC, last issued a big written warning about CRE concentrations in December 12, 2006, when the most commonly referred-to guidance regarding CRE concentrations was written:https://www.fdic.gov/news/news/financial/2006/fil0...By then, it was too late to turn back...The only reason I would know that this announcement is not even MORE later than it should be, is if all 3 federal regulators - OCC, FDIC, & Federal Reserve - had agreed.

When dealing with real estate the official term is "lease with an option to purchase"

When they make announcements get up there and pitch this property as a sub 2.

I decided to go ahead and sign up and make it official.

I did speak to the city officials and there are some restrictions, it allows be to rezone to upto 4 SFH  only.

Maybe ask for an official appraisal BEFORE proceeding?

I am really excited to announce 2 meet ups in Statesville, NC.

(IRS liens will be announced at the time of the tax sale.)

Knowing that I'm officially in the game is the greatest feeling.