We dont have basements here in coastal SC, as the water table is high.  

Includes lots of chairs and tables.

Not sure if you mean the town of Catskill on the river, or the mountain area, but This thread has a bunch of folks talking about the town and surrounding river towns.

You purchased it with a HML, and are now rate/term refinancing the $1.5m (75% of $2m) hard money loan for better terms b/c you show six months of stabilized rent, the T-12 and rent roll with the monthly breakdown shows a clear trend towards where we are at now.Your hard money loan matures at the 2-year mark, but you weren't silly enough to call me at the 1 year and 11 month mark, so my partner lenders that have great terms, but move slower, are on the table.

@Adaze Foltz  Benefits:Direct to the source; more control over the receipt of the funds (initial and any rehab draws); able to not just establish a relationship, but also perhaps gain referrals of other private lending sources (those that are happy with the returns and payoffs - talk (boast) to their friends); faster to the table; can negotiate the terms (rate, when payments are made, other fees and when they are paid, etc.); usually nothing reported to credit bureaus.Risks:Using up the private sources money (tapping them out); The private lender didn't receive their payoffs on other loans as anticipated so they are short of funding your deal(s). 

It sounds like more people are beginning to leave the city for smaller towns both coastal and in the mountains.

Tomorrow this offer may not be on the table, and taxes won't matter anymore!

If your deal is worth less than what you paid for it, then yes, you may well have to bring a lot of cash to the table to refi.

This will result in the CRA collecting <=10% taxes on repatriation of retained earnings.Here is an overview on repatriation of investment income to Canada (from the U.S.A. in the example tables).

For Example, my Note Investing notebook has Sub Categories for Consolidated Note Resources, Goals, Note Buying Criteria, Foreclosure Timelines and Costs, State Specific Notes, Systems for The Note Business, Collection Time Tables, Note Conferences, Bankruptcy in Notes..