I bet you heard but the market around those areas are booming right now, especially since it is a buyers market, it gives you an advantage to get better deals from sellers while people are continously moving there, especially for jobs like tech, logistics, etc. 

The location is in a booming area of McAllen, Tx with almost nowhere else to build and rents have blown up the last few years.  

The last few years have been great for investors/homebuyers who bought pre-con, but looking back to the few years after the 2014/15 boom, this wasn't the case, where many had actually committed to buying a property that wasn't quite worth what they signed up for closer to closing because the appraisal weren't matching the contract price, requiring a cash top-up.

As a result, while the US market is stuck in the lock-in effect, the Canadian market is kinda booming so it makes more sense for Americans to consider Canada nowadays, except for the fact that Canada has on average one of the if not the most unaffordable real estate in the world.Hope this helps.

I'm new, only been with you guys for a couple days; I connected with a couple people and then boom..

The boom in building was mostly for the larger cabins because of the crazy rents they were getting during covid (even a little before covid actually). 

Its a boom bust cycle there at least from my personal experience. 

Investment Info:

Single-family residence buy & hold investment in Charlottesville.

Purchase price: $189,000

Cash invested: $40,000

Mid-term rental property in a college town. Close to the Univer...

Your AC goes out, boom your year of cash flow evaporates.

Id like to put a HELOC on it or redelop it after a few years, the whole points of purchase is this is a booming downtown area lot of development rights etc, dont want to be in a financial structure that banks will frown upon.