I'm currently looking for another muliy family using an FHA loan, but starting to realize this may not be the best use of my money if I want to build a bigger portfolio.

I have gone through ALDOR to purchase and I’ve also purchased through a broker, but I was looking to see if there were websites that also listed them that I could take a look at? Thanks 

Matt,Do the numbers work for a DSCR loan? 

I’ve seen some stuff online that suggests I might assume the previous owners depreciation schedule (which would be bad because they’ve owned it a long time).

Experience and your track record of past completed renovation loans will be taken into account.

If a buyer has good credit he can get a personal loan to buy a property, and hence “nothing down”.  

My reasoning is because I simply do not qualify for a loan for any properties out here and units that are being sold off in smaller multi-family properties have ridiculous HOA rules that make it quite difficult to cash flow or just pencil out in general.

I would do a bridge note at 50% LTV, take the cash out now, put you and your sister on the loan, build the ADU now (time is money)..

The seller however does not have any documentation to show he made any reasonable efforts to evaluate the borrower ability to pay the loan.

Does anyone know of any local Winnipeg meet ups or online Canadian Real Estate communities?