10 June 2020 | 24 replies
I ask because I have relatives who own in the metro Vancouver area and at least according to this article, turn-key opportunities may come up as government programs put in place due to Covid, wind down over the summer.
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3 June 2020 | 1 reply
Hello all -Hope everyone is staying safe and working hard.Pre-COVID, there were several lenders that had programs geared towards investors like myself but they seem to have either suspended their programs, or reduced the amounts they are willing to lend (as well as charging hefty origination fees).Does anyone have recommendations of companies who are still lending with terms similar to pre-corona?
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3 June 2020 | 1 reply
The only thing that you could do (and it would be a violation of the rules of the program) is to rent her the entire 3 bedrooms for the price of the 1 bedroom voucher's maximum, and then with her agreement rent the other 2 bedrooms under the table to the other tenants.
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5 June 2020 | 20 replies
Do you make use of a program?
5 June 2020 | 8 replies
@Cj HolsterIf you are local to the area I would suggest going through associated bank or educators as in the past the have been more buyer friendly.Personal experience I have 2 properties with educators first was in 2017 and they offered a very attractive first time home buyer program, I would inquire to see if they still offer that, I used it on a 4plex.Feb 2020 I closed on a Kenosha duplex with Associated bank with 15% down and they offered 4K towards down payment for qualified buyer.
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6 June 2020 | 3 replies
Unless you get lucky and a nearby park shuts down, you will have to bring them in one by one and likely won't have the option of doing a program such as the Clayton Cash Program.
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4 June 2020 | 5 replies
I believe CIBC has a program in which a property can be moved to a corporation name while still getting a residential mortgage.
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3 June 2020 | 0 replies
$12,000 out of pocket - my tax refund and a little bit of savings took care of the purchase price.Hard part was to find the right rehab loan partner who would give an inexperienced flipper a chance.I went with a company called Lima One Capital - they have good programs for first-time flippers.
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4 June 2020 | 11 replies
Local meetups, REIA groups, coffee with brokers and lenders, professors in the local university (I think most business schools these days have real estate programs).Finally, be active here, listen to podcasts, read books, etc.
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4 December 2020 | 7 replies
It has up to 10 lines to dial, not just 3 like some other programs.