The way this should work is you get a loan for 90% of the Purchase Price and 100% of the rehab costs.As the contractor completes a phase and inspection is done for said phase then a draw is released.

@Ralph NoackOntario is huge.. you can drive 20 hours and still be in Ontario.. you need to narrow down to Region..And btw you can go to CBRE and find Canadian Cap Rates in major cities.. they release new info every quarter..Your welcome

After explaining to her the situation and requesting she sign an authorization to release information form, she told me she did not care if the bank took the house and told me to leave.

The sisters will pay up, but by themselves do not make enough money to afford the house and I want the other two ladies on the lease before releasing the couple.

.* Ongoing Maint Fee: 10% with min of $200/mo * Leases: new --> 1/2 of 1 months rent with min of $1,000 // re-lease -> $200* Maint/Service calls: normal business hours --> $50/1st hr, then $35/hr // Off hours --> $75/1st hr, then $50/hr. * Project Management: 20% of total charges with $200 min.

At closing, all liens will need to be paid off or have a release of the lien for clean title to be given to the buyer. 

However, by the time the appraisal is released the buyer is typically into the property for at least a few hundred dollars.  

If you have the capital to pay the 1st off, you can request a payoff and make payment in full to release their lien.

Grant Cardone recently released the a new book titled "How To Create Wealth Investing in Real Estate" I was wondering if anyone here on BP has purchased the book as I am currently awaiting for mine to be mailed out, and if so what takeaways did you get from this book?

My properties currently are managed by a property manager but I would like to move to managing them myself.How do you suggest I go about eliminating the management and introducing myself to the tenant and hopefully get them to re lease up again with me?