You are correct the suburbs suppport a higher rent but in Toledo it is definitely more difficult.

This would imply that any terms and conditions of the existing leases and TAW agreements are in place after the sale until a new rental agreement is signed (or the tenant moves out).Is this correct?

Someone can correct me if I'm wrong, but if you don't have $200K ready right now and access to $800K in loans (traditional or private), then you'll have a hard time getting into the Toronto Market.Hamilton is the closest, most affordable market going west ($60K down, $240k mortgage, on MLS).

This renovation loan is also considered a conventional loan correct ?  

@Jan Walczak I can’t speak for the Toronto market, but you are correct that based on using a Heloc for DP and a conventional mortgage you need to take into account two sets of lending payment in your calculations. 

You can use bank financing to buy REOs if you do everything correctly.

I am currently in the early learning stages of getting my numbers correct when evaluating a property.

The good news is you have lots of options to access this information yourself, and you can take steps to correct any errors you find.Once you are confident your credit report is where it needs to be, you can explore financing options, like traditional lending, hard money loans, and private financial backers.

The good news is you have lots of options to access this information yourself, and you can take steps to correct any errors you find.Once you are confident your credit report is where it needs to be, you can explore financing options, like traditional lending, hard money loans, and private financial backers.

Hello Everyone,A private lender is offering a home equity loan on my old single family residence.I am assuming he will put a lien on it with a 2nd position, correct?