I'm in GTA (Danforth) & am looking for a deal in GTA or possibly Barrie or K/W.

Alot of you are making money Good Luck in that...I've tried only to be shut down on a deal selling deficiency balance notes of all things at 10m-50m a pop...No deal...Sure let me sell you this house for $25k...Then you sell it for $50k and I want you to give me $5k back...

(100,000 a year, over 55K for MC, 30 K for landscape, lawyer retainer/bills, repair and maintenance, and reserves to repair and replace common elements.Okay, off the soapbox.

Short sales here are a pain.Furthermore...deficiency JUDGMENTS are for Judicial Foreclosures and only occur when the homeowner is foreclosed on via the court system and not trustee's sale.

If you and your wife were both employees of the company, and your company has enough income, you could both contribute, and get something like $90K into the account each year.Actually, the new Solo 401(k)s make this fairly simple.

Yes I think that would work really well Josh and speaking of Denver I am still looking at properties but I think I am going to go with a HUD home and use a section 203 (k) program for rehab reasons.

Definitions for Use in the 203(k) Program A.

You could be liable for a deficiency.

I understand it very similar to a loan modification or a forbearance, but the deficiency is forgiven.

My question is how can i get financed for this loan of 120 k?..