We have used a combination of niches: fix and flip, fix while occupying, quick turn wholesale deals, sold on lease option, carried back second mortgages for cash flow, bought with owner financing, bought from MLS, used direct mail, door knocked pre-foreclosures, went to courthouse steps to see if the auctions were for us.Now we are working to...um...

What are your specific goals for the property?

Unless contractors contract has a specific time of completion, you will most likely not get anything...remind the contractor of future work possibilities!

I think that's a great niche business plan.The trick would be to create marketing material and get it circulated to the big companies local to the property (ie: tenant needs to be able to commute).

Find your niche, what area will you be investing how will you be investing and become the EXPERT in that area. 4.

Learning terminology and niches etc..

From the lessons learned on my first property, it took me forever to purchase the second property because I had a very specific criteria while relying on only 1 source for deals (MLS).

Wife and I are using this first property to test the niche of 'up-scale' rentals.Recently a property was brought to my attention and I jumped without looking.

Send me a PM and I can help you with more specifics.

I work out of Vaughan with a specific focus in Vaughan, Kleinburg and few pockets in Toronto.