Personally, I would be hesitant to jump into a deal when the existing partners are cash-strapped.

It takes positive cash flow to make a BRRRR investment profitable.

Safe means after you have conservatively underwritten the deal including maintenance, property management, vacancy, etc it still has positive cash flow.

Great for cash flowing properties! 

Yeah, I think 140 stuck because I actually got my VA COE last year when I was considering moving and wanted to free up some dp cash for investments.

Do you have the money to have an electrician rewire the house to modern standards maybe 3000 to $5000 cash, maybe more- maybe you could ask  if they could do it on a credit card--I don't know?

There are VERY FEW DEALS AVAILABLE RIGHT NOW….There is inventory for sale…butNOT…..Properties that can be acquired that;1) Will have minimum 80% equity vs ARV…after the ALL IN investment ( unless the cash down is way out of balance ) 2) CASH FLOW TODAY enough to cover all costs PLUS RESERVES and return all cash out of pocket in a reasonable time period.3) You could sell TOMORROW if you needed to and not lose any money4) Dont include rosey hopes of appreciation to cover negative equity Al last ALL… of the current wholesale deals are just trashy retail deals.

This post is my small way of advising against that and hopefully steering some people straight.There's no shame in sitting on cash, building reserves, and being patient right now.

I've done the numbers and they don't work as a flip nor do they work for someone to buy cash and rent it out.

Hi,I have been investing in Securities for a while, but I would like to start building a portfolio of Real Estate Positive Cash Flowing Properties in Ontario (Hamilton, Barrie, Oshawa, or Toronto).