It’s a powerful strategy because it helps to solve one of the biggest challenges that flippers face: Becoming too emotionally attached to their deals.

If you guys have figured out how to make a living at this by buying properties sight unseen, more power to you.  

In addition to this, my coworkers (in a professional office setting) call me Pongo to avoid confusing me in conversation with our coworker Erin.

Hello,

My name is Aaron Marzec. I am 29, like long walks on the beach, fly fishing, and rehabbing homes in the Twin Cities.

I introduced myself in the welcome forum.

I am adding a bedroom, bath and egress window ...

Elena, I am glad that the conversation with the tenant went well.

@Doug KeefeHello from the Big Island ;-)That line means that CMHC will allow an LTV of 85% of the {appraised} value of the building or 100% of the construction cost (for new buildings) whichever is lower.It's basically saying if you spend $1,000,000.00 to build a 12-unit building, but it appraises for $800K in the present market, that CMHC will insure a loan principal up to 680K {provided the deal qualifies for the 85% LTV ... many only qualify for 75 - 80%}.Conversely, if you built a 12-unit building at a cost of 600K, but it appraised at 800K, CMHC would only insure a loan principal up to 600K.

If you get a contractor, I would recommend recording the conversation and going into detail.

While they are not a government agency, they wield considerable power with state legislatures as they are the wonderful folks who gave us the SAFE Act.

Would definitely be interested in more conversation and potential meet ups with REI groups.

A little late I know, but the meeting got pushed back due to schedule conflicts on both our ends, but we were able to meet up yesterday at noon for a cup of coffee and some conversation.