It’s not an arms length transaction if your wife owns the selling trust that’s buying her parent’s property for less than market value.

There are a bunch of investors from Calgary who are investing here as they find it more fertile grounds then there local market (So they tell me this)So the take home point is if you want to BRRRR in Winnipeg then you will find amazing deals with buildings that are burnt/plumbing/electrical work needed so you can get exempt from rent control and obtain the cash flow you want.

The location and market demand further made this a great investment opportunity for a profitable flip.

Hey everyone,I’ll keep this short and would love to hear from investors who have successfully leveraged a HELOC to scale their real estate portfolio for both short-term cash flow and long-term wealth building.I’m about to unlock $200-250K in HELOC from my primary residence (a condo in NYC), and I know there’s a powerful strategy I can implement.My current plan:✅ Acquire a 10-15 unit multifamily in a mid-sized market (AL, TN, OH, etc.), targeting a $700-800K deal with value-add potential.✅ Use 20% from my HELOC for the down payment and finance the rest with hard money.✅ Force appreciation over 6 months, then refinance into a DSCR loan to pay off the HELOC.✅ Rinse and repeat!

You picked a great community to join.. have you checked out local comps to gauge the market vibe yet?

I am not sure about STR in Cleveland and how much that market supports high end STRs and highly designed STRsThat said, I disagree with just looking at others.

While I don't expect another 2008 size wave, I do see a large hold back of inventory coming to market. 

I partner with wholesalers in the ATL market and yea the amount of trash flooding my email is wild.

I have an off market opportunity for a 3 plex that I’m looking at.

I am leaning on local first for my next investment, but not ruling out an out-of-market opportunity.