In addition, we are also pursuing Financial Independence through a mix of real estate and investment accounts. 

Lets say that the numbers were added up before hand with what the loan might look like and the person had a bank account that could cover 6 months of payments of what the bank would probably ask for the loan saved up. would that improve their chances with a low income? 

Do I need the cash in my bank account on auction day? 

Do you have an escrow set up or just a regular account to have it in.

Would an accountant be the best person to ask about this.

(with any personal info blacked out)There is prepaid interest (from closing date to the end of the month), interest on the old loan until it's paid off, possibly a new escrow account for taxes and insurance, credit report fee, appraisal fee, title insurance (yes even though title is not being transferred there is always a new lender policy issued). 

Oh yes they are one of the big 5 education companies.. many people do well with their training.if you have money to invest it helps but those with little to no money to invest usually never get anywhere as real estate is quite capital intensive and training does not put money in your account unless your one uber salesperson.

How can open a bank account being a Canadian Permanent Resident and should I open a company to start doing wholesale or should I start onder my name.Thanks

I want to reduce liability and also be able to track each with their own accounting statements each quarter.

The properties I'm looking at rent for about $1000, so there is profit there, but then I need to account for management fees, vacancies, and repairs.