With banks, you face lengthy approval processes, piles of paperwork, and significant time spent waiting—time that could be better spent using the funds to address your initial needs.

Many people I speak with initially gravitate towards the "cheaper" areas because "numbers are better." 

Being able to visit properties, oversee rehab projects, and manage your team is crucial for successful investment.Ultimately, there's much to consider beyond the initial purchase and rehab.

Welcome to BP - this is a great platform to initiate your real estate journey.Dive into comprehensive guides, connect with experienced professionals, and explore a wealth of opportunities that can help you achieve your real estate goals. 

If all else were the same (initial principal, interest rate, payments) the difference would be marginal ... and, in Canada, would favour the mortgage note.

Stamping a promissory note with for deposit only - no recourse, then applying initials or a signature of anyone but the note originator, and depositing it into a DDA account, also is a felony and renders the contract void.  

After a bit of back-and-forth on the repair costs, I negotiated it down to $69,000, convincing them the extent of repairs was higher than they initially estimated.

After a bit of back-and-forth on the repair costs, I negotiated it down to $69,000, convincing them the extent of repairs was higher than they initially estimated.

Your age might raise some eyebrows initially, but as long as you're professional then you should be good.

The one parcel that we will develop into buildable lots will probably be after we have built out/sold off the initial 30ish lots that are ready to go, which should produce capital and prove demand.