Therefore in financing the properties to the potential homeowner(yes, classes and counseling are required) you are bypassing many fees that would have been required with traditional financing.

You could always leverage into an apartment building ( 5 units or more ).Value is based on cash flow and cap rates instead of comparable sales approach.Economy of scale is easier.Just depends on long term goals.Right now debt service is cheap.It's easy to take equity out and put it to work for returns above debt service.When prices and interest rates rise that will be harder to do on the purchasing end.

I work predominantly with investors and have financed thousands of investment loans #'s 5-10 with traditional FNMA loans.

I am trying to correctly price all the costs of material and labor on my repair estimate sheet, and I just happened to stumble across a website called homewyse.com I am pretty sure the pricing is geared towards a traditional homeowner, but I am just trying to find out whether someone has used this website before and found the pricing to be accurate.

I guess its just a culture shock for us as to compared to the bustling and happening city from where we came from.

I did a little googling to find some data to back up my sense that Halifax and much of Canada is in a real estate bubble.All the images are from http://theeconomicanalyst.com/.Note how out-of-whack Canada's Price/Rent ratio is compared to other countries.

You can normally borrow money from your 401k at competitive rates and pay yourself back or you could take a traditional IRA and roll it into a Self Directed IRA and invest your cash in real estate.

The 4 comparables I have found show that the houses arv is around 70k, and i'm still determined to do the deal.

Sellers state they are trending upwards.Buyers state they are trending downwards.Government states they are trending in whichever direction makes them look better.NAR states they are trending whichever way you want them to so long as you use an agent in their membership.I say, look at your past and present inventory levels in your area and compare the data.

Traditional lenders don't like my application much, and only offer me small approvals.