Hey there, I'm avidly reading about wholesaling in Canada and I was wondering what are the mechanism in place to protect yourself as a the wholesaler if the buyer doesn't come through or if the deal falls off.

However, this is tricky.A conventional loan tied directly to the rental will make the mortgage interest easier to deduct.2.

Terrible deal. 

If the deal metrics are solid and the total project cost is 70% of ARV, then you'll get 100% of the rehab costs in escrow. 

I've been looking at opportunities from investment firms like Open Door Capital, et al, and I would like to know if anybody has a recommendation for a spreadsheet or tool for analyzing these deals?

However, short of my stock portfolio, which I don’t want to touch as it does well too, I don’t have the cash to buy my first deal.

Keep in mind, though, that transferring the deed could trigger the due-on-sale clause, so make sure to check with your lender first.Things to Consider: Financing Flexibility: For your first deals, keeping the properties in your personal name may make financing easier.

Hey @Nate Caffero, rather than putting someone else on the deed and pulling out equity to do deals ...... why not keep your equity to yourself and just work with private money?

To me this actually makes much more sense than the current system, people just don’t like change lol, basically the buyer & thier agent negotiate a fair fee and that fee is no longer being “hidden”. the agent than negotiate’s a concession with the sellers agent, that’s literally it, it’s a totally logical system that makes much more sense then the current one, and I think people (mainly agents who are afraid as soon as the seller realizes they are getting 3%, that they might not be worth it) are just making way to big of a deal of it.

A 75LTV Cash Out on that deal would be about the same and there is no lender origination fee, only the $1600 UW fee.Ohio has recently updates some of it's laws in terms of PPP.