I have a number of Investment properties (3-6plex) units and have been enjoying passive income of $3000/mth.What i am interested in is to look at going bigger - would like to do a 15-30 unit building some where else and from what i have been hearing is that usually this is Better when within 4-8hr of where you live.Hence why i am considering Hamiton, Windsor, Niagara Falls, etc...Are there any investors in those areas or does anyone have any comments/advice on these ideas - is it flawed or sound?

Receiving a mortgage under the pretext that it will be owner occupied is mortgage fraud.If the lender were to discover you are not living in the home you could be charged with fraud and they would likely call in your mortgage.

If you think you will go FHA, 203k, etc. and then Quit Claim the property, to a LLC, or a Land Trust you run the risk of the lender discovering a Title Transfer occurred and activating the "Acceleration Clause" or "Due on Sale Clause" that requires the loan to be paid in full, within 'x' number of days.

If you think you will go FHA, 203k, etc. and then Quit Claim the property, to a LLC, or a Land Trust you run the risk of the lender discovering a Title Transfer occurred and activating the "Acceleration Clause" or "Due on Sale Clause" that requires the loan to be paid in full, within 'x' number of days.

If you think you will go FHA, 203k, etc. and then Quit Claim the property, to a LLC, or a Land Trust you run the risk of the lender discovering a Title Transfer occurred and activating the "Acceleration Clause" or "Due on Sale Clause" that requires the loan to be paid in full, within 'x' number of days.

Hello BP,Very excited to discover a community with matching sensibilities.

Hopefully you've discovered someone, but if not I plan on logging back in later and I'll have his information for you.  

I have discovered that being an agent makes it very easy to network very quickly.

I am curious in your experience as well as @Greg H. and @Ricky Gibson 's experience if you have seen HUD drop prices at the 30 day DOM mark, or if you have discovered other price adjustment trends that have served you well in your bidding attempts?

If a problem is discovered during the title search, the foreclosure Attorney will have to cure it.