@David Prince  Also, I'm not sure if you want to overwhelm every HML you meet with a thousand long documents ;) My recommendation is to have a summary ready and just ask for an approximation of what their rates are likely to be. 

@Kyle Gryba I’m looking in Prince Albert, low entry, and more often than not meets the 1% rule

again this is the new Nigerian prince scam that has come to real estate lending.Watch the American Greed episode on Remington financial and google Ingrid Robinson.. 

@Heather Skowronsky The property is (raw land) off of Hoadley Road between Prince William Parkway and 234.

Originally posted by @David Prince:@Joe Villeneuve- I mention feeling comfortable with the scope not to imply overconfidence but rather just to express that the breadth of this rehab is something I am familair with and have contractors ready.

@Christian Prince welcome to BP and the real estate world.

Typical reasons:Under capitalized properties - no money to maintain the property, rents drop, death spiralUntimely balloon payments - can lead to foreclosure if values are down, credit is tight, and the resulting LTV is too highPoor managementBad locationsFraudKiss a lot of frogs to find your prince.

Every city/town has its good areas, bad areas and niches you could get into.I invest in Port Alberni and Prince George.

White collar prince/ princess?  

Im a newer member to Bigger Pockets and would like to connect with some of you who are in Atlantic Canada - Specifically New Brunswick, Nova-Scotia and Prince Edward Island.