hiya,let me introduce myself. i am a 21 year old enthusiastic investor from toronto, ontario. i have been involved in the purchase of three properties this year ranging from multiplexes to houses with acreage. this limited experience of actually getting proactive and getting started has taught me way more than any book has ever taught me. a tip to other beginners. i have also had some background knowledge in the real estate industry with my parents starting out a real estate rental business 10 years ago. however their knowledge is quite elementary and i have a lot to learn. fortunately i have found this site. and while browsing for the past couple days i have found that there are many invaluable resources and brilliant minds aboard.ps. slthough i have found the canadian content lacking i am confident that with our similar laws the ideas are all valid.looking forward to meeting you,joe

Prices in the MLS here range from $49.9K (4/2, stick built, older frame house, inside the city limits to about $3.6MM, 6/5, lakeside, boatlift,hot and cold running maids, etc.

My wife is studying for her real estate sales license, and I am trying to study up as much as possible about rehabbing so I can get out of the rat race.

.:)As far as doing $20k wholesales on very limited funds, I'll write up a step by step response of exactly how I did my first deals when I was BROKE (with copies of the checks and hud) sometime this weekend.

Although we do supply $5000 financing, we limit investor availability in order to not saturate any investor opportunity.

If it's all "out in the country" and being used for farming, and not likely to be developed in the very near future, that's going to limit your options to farmingIs it in the path of future development?

Already sold 40 in one day...they're selling like hotcakes...limited availablity so if you're interested, drop me a line asap at:[email protected]

Construction Items required in a Preliminary Package1.Project description (which includes number of units, proposed pricing of units, total costs, per plan costs, profits, proposed equity and proposed loan amount, any subordinated debt)2.Project cash flow3.Location map4.Cost breakdown 5.Market study - if available (an internal or third party study)6.Sequence list (including lot number, plan number, base price, proposed premiums) 7.Biography or resume of key management8.Authorization/Release for Business and Principal9.Borrower’s Certificate of Past Credit Relationships (attached)10.Banking references and two sub-contractor or supplier references (attached)11.List of all current projects (location, price range, size range, sales rate, JV partner, lender) (attached)12.Financial Statements for borrowing entity and guarantor(s) (attached)a)Current financial statements, indicate book value or market value basisb)Statements must accurately report all assets and all liabilities (include contingencies)c)Statements must be signed and datedd)Signed tax returns for past two years (please include all K1’s)13.Financial Statement Certification (attached)14.Tax Return Certification (attached)15.

You are limited to 4 or 5 loans with them.

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