Fix and flip? 

Sounds interestingWould you mind saying what area has houses for 25k including fixing my what need to be fixed?

My next question is since the area is small and I’m going to be using either PML or HML how do I factor in the waiting period after the house is fixed?

He lets me know that he put in an additional sump pump on the other end of the basement, replaced the gas valves in the boiler and water heaters, is having the mold taken care of, and has fixed a few other odds and ends. 

I am looking to start in wholesale before working my way up to buy and holds and fix and flips.

This post demonstrates the impact of property taxes and insurance has on return.Based on the above formulas, we are seeing between 3% and 4% ROI with 20% down, 4.75% interest rate, 30 year fixed financing.

Thanks for all the great input, I did have a video, it's not an emergency but I have had it snake and was told that was a very temporary fix.

So how would you refinance out of it if you were fix and holding using HML vs fix and flipping it with a HML.

The best loan by a long shot to buy the 4fam is a 30 year fixed secondary market product with low interest rates and a 30 year amortisation. 

If you are committing to live in BC full time and you can make a profit off a fix and flip do it.