Preforeclosure owner finance wrap, paid off the default payments and taxes with cash and assumed the owners loan.

.- Finally where to buy: in general, ON, BC are expensive while AB, QC follows and other provinces, such NB, NS, PEI are much much more affordable.

You have a bigger loan, but not a bigger tax basis.

Still, this is a poor time in the rental season and 1 months rent can be expected as a cost of vacancy (in addition to the cost to clean and touch up - $900) .Finally and I hope this is is the last one lol - Another tenant is moving out Jan 31st and this unit also requires a full cosmetic rehab.

These are the key to getting a loan.  

Just because you get a loan approval does not always mean you should move forward with it.

The combination of its growing tech & healthcare sector, long-term resilience to climate change, and relative affordability makes it an interesting place to start our real estate journey.I spent a big part of my career in hospitality real estate consulting at a Big 4 firm, but I left to explore new opportunities and decided it was finally time to take the leap into real estate investing.

Personal loan for renovations How did you add value to the deal?

Preforeclosure owner finance wrap, paid off the default payments and taxes with cash and assumed the owners loan.

A self-directed IRA or 401k can be a great vehicle for loaning money to others without getting hit with taxes on the interest income.