Its a short term investment or you are going to end up bankrupt with a lot of assets for your creditors to sell.

While all other developments went bankrupt and shut down with the crash in 2009, the VR dev continued to grow an average of 6% every year.As has been mentioned already, the cons include relatively high startup costs due to size/quality of the house and furnishings, management intensive, and meeting restrictions. 

What is your experience level in regards to dealing with the RTA and LTB.Bad tenants in this province can bankrupt a investor very quickly.

Secerity deposits are to be kept in separate accounts - they usually have one large trust account for the company - if they go bankrupt those funds are passed out to creditors.

She has been foreclosed, bankrupt and has no other choice.

I would recommend it, as bank could get merged out, go bankrupt, or countless other things could happen that would leave you holding the bag.Mark

BK (Bankrupt) Investments doesn't sound too good.

I'm not familiar with these type of notes, but apparently it has a call back option for the Credit Union.My concern is, if the Credit Union for whatever reason (i.e. credit union goes bankrupt, they want to earn more interest on their loan by lending to someone else, they get bought out), wouldn't they have the right to call back the loan and trigger their acceleration clause.

They also have full bankruptcy protection which is important if the company goes bankrupt, since you don't want your money to be in limbo or lost.

Some may ask why only $125k ARV, I'm pretty knew at this so I'm simply going off of what my realtor is telling me based on his knowledge of the market.)Plan would be to refi cash out and rent, clearing $240 monthly cash flow and approx $18k cash in hand.Here's the problem, the builder went bankrupt 3 years ago after building only 2 of the 16 slotted buildings.