Since there is a lack of regulation, many lenders may change the final settlement statement once all is said and done, which can result in a higher rate, more fees, and/or a reduced LTV.

I’ve contacted banks in regards to Ioans and as you know rates are a bit higher than in US and you have to go through much more hoops to get one.

They are not too far off from a 30 year fixed mortgage, sometimes even the same rate. 

Hey Mitchell, Doing a fix and flip in today's market with high-interest rates can be challenging, but it isn't necessarily a bad idea.

If your existing rates are 3.25% and 4.25%, you are 100% going to take a hit on rates and subsequently, cash flow. 

I’m also weary about what’s going on in the housing market right now with high interest rates housing will go down immensely in prices.

.- Both boilers installed new 2017- Both electric panels upgraded 2015  - Shared Backyard access for bottom 2 units- No Parking, No Central Air- House built before 1900- Roof about 20Yrs old- Assume Fed cuts rate at least .25 point later this year Any thoughts would be appreciated.

The biggest constraint on these communities is financing rate uncertainty.

A deal could look good at 7% interest rate with 25% down, but underperform at 7.5% and 30% down. 

I vividly remember the countless hours spent driving to and from remote locations in rural Manitoba, alternating between early BP podcasts and Jim Rohn recordings.Over the next two years, I adopted an extremely frugal lifestyle, enabling me to achieve a 75% savings rate, sold my custom truck for a used Toyota, traded my new home in the burbs for a duplex (house-hack) in a challenging neighbourhood of Winnipeg where attempted break-ins were commonplace.