We just didn't have the knowledge to be confident in doing so.I have to say that BP is a great source of info and although some things are different here in Canada compared to the US market, I have already gained a lot of knowledge.

The biggest red flag to me is that it only a partial parking lot.

The piece missing is what percent of existing stock the new permits represent, you'll have to find the total size of your market from other sources to complete that calculation.

In some markets, a lot fewer deals.A better way to look at it is if your considering a property and you can't get 2% of the purchase price in rents, just understand, you may have to pull funds from other sources to cover vacancies and repairs.

Sorry for the sloppy post..My only real estate source is informing me to be careful with Lenders, this particular one happens to be with Alpine Mortgage

If you search "list source criteria" you can find a lot of forum posts and blogs discussing details.

I freely provide both and will generally accompany the prospective client to the reference projects for review.One of the biggest things to remember is that beyond the hard numbers is your connection with the contractor.

Private money comes from granny, people you know, have done business with or form relationships with.HMLs advertise, some may be registered lenders some could be good ole boys looking for money deals, probably not the best source of funds.With a track record you should be able to attract partners like Paul.Look for other contractors willing to flip, some are looking for a place to park money, I know a couple like that here.

Be sure about your comp sources also.

Usually for commercial deals, but for whatever reason the banks dont require the reserves to be sourced or seasoned so I've spotted other investors $20k, $50k kinda loans when I'm cash heavy, then get the money back right after the closing.