Still not much better now Stephen, the casino was supposed to help but hasnt done much besides help itself, commercial and residential throughout that area are still boarded up.

Yes, the prices are low, but as Eric said, they were also "low" last year.I know that those casinos have been having huge problems as they borrowed gobs of money to build these things and cannot refi them now, since they aren't worth the amount borrowed.

So far, I am thrilled with the result.

Hey all, I recently joined BP and was thrilled to find a Canadian forum.

I'm interested in making connections with established investors.I'm so thrilled to have found this site and see the wealth of knowledge and, more importantly, the willingness to help each other out! 

Thanks much and I'm thrilled to be a new part of the BP community!

It is closer to 5%, which I definitely am not thrilled with. 

I’m thrilled by the amount of discussion on this.

If you're that big a risk taker, take the money to a casino and put it on red.If you're roof collapses and your furnance dies, where are your cash reserves - then your tenant (who will be a pro at this in poor neighborhoods) will withhold rent for unacceptable living conditions.Be careful and stay away from sales pitches.

We do have deals with some partners who make HUGE income, and found banks that were thrilled to offer HELOC in those instances.