Process is simple. 1. purchase contract2. send contract to title company3. bring cash to closing and you're done

But unless you get a value-add property, purchasing real estate really doesn't make much sense in this environment?

To defer all tax you must purchase in total at least as much as your net sale.

Purchase price: $530,000 Cash invested: $100,000 My journey into short-term rentals began after years of investing in long-term properties, but it was a podcast that opened my eyes to the incredible potential returns of STRs.

Any amount you purchase less than you sell, or any amount of cash you take out is considered to be profit. 

I have not every purchased property in Canada, but my wife is Canadian and I've seen some of the issues her family has had to deal with.  

Quote from @Adedotun Kembi: Quote from @Jeff Roth: Hi Holly from Georgia-You own a rental in Colorado and you are looking to purchase a new primary residence and possibly use the equity in the rental for the downpayment.You have two options I am aware of with the rental to access the equity:1.

The best I've seen for STRs is 80LTV on purchase and 75LTV on cash outs. 

I have a couple of buyers that will purchase without due diligence.  

If it's a fixer upper you would account for the rehab and purchase price then compare against the ARV.