I've done 9 deals so far this yaer. 3 wholesales, 2 same day buy and sells, 1 buy and sell on a short term contract, and I'm currently rehabbing 3 houses.

Long story short he said he couldn't let it go for less than 80 and I said you could probably get that if you hired a realtor but I'll give you 43 and he said OK.

Hello, A relative is considering having property go the short sale route.

Short term is fine 6-12 months.

A construction loan is a short term loan used to do repairs on a property or develop one.

Since you're a short bus/train ride away, I'd make a weekend out of it and visit the neighborhoods yourself.

after that one I had an offer for a short sale go through 48 k purchase 4 k in rehab sold in for 68k soon after.

Bradford has essentially now been swallowed up by Toronto/GTA - many people see its relationship to Newmarket like Newmarket's is to Aurora: a little further, a littler cheaper.Bradford will have two types of tenants - the tenants from old Bradford, who are from the area, and will be a similar demographic to that of Barrie, and the newer tenants, who have been attracted to the area by urban sprawl and the promise of cheaper real estate if they drive further.Bradford has a low vacancy rate as well, though property prices are higher so your rent to property price may not be a good.

Our plan is to buy turn-key deals that will require minimal management.So long story short we plan to list the property for sale, as-is. 

Get a professional tenant and you could be in for death by a thousand cuts. 2) Not knowing your numbers - If you buy with the wrong numbers you can get in trouble quick. if you just assume that you buy for X rent for Y and pay Z in mortgage, insurance and taxes you will be in for a big suprise when things start breaking etc. turning your good investment into a money trap3) Related to number 2 and a fairly common one if you spend all your profits and don't reserve when suprises hit you will not have enough money to cover it4) Not keeping up the property - No one wants to live in a dump, a slum lord attracts slum lord tenants and this can eventually catch up to you5) Speculating  - This could go very well or very bad.