Since this is an owner occupied property, the ability to repay is not there and if the wife ever defaults in the future she can claim it was a fraudulent loan.2.

Marketing Shift: I’ve noticed that Martel has altered his marketing strategy, moving away from advertising a guaranteed profit on the first deal to a guarantee of helping you buy your first property.

property is currently in a reverse mortgage need $308k to satisfy. currently 3 units and wanting to remodel to create a 4th.Rural low economy market with high demand and very few rentals available in area.

I look forward to connecting with investors, realtors, and wholesalers in Edmonton to create a network there and hopefully invest in my first property in Edmonton 🙌 Let me know if you are available for a quick chat as well.Thank you, Irem

For either city, Alberta is a pretty landlord friendly province, if you're planning to buy a rental property.

For example, you could buy 100% vacant properties that need a ton of turn around or you could buy 90%+ occupied properties that need some value add work.

(This is an out of state property for us)Last year, we connected with a property manager through these forums at BP.

What kind of loan on the 8 unit property do you have?

I've bought vacant properties through a judicial tax sale before but this is my first occupied property. 

The management of the park will be handled by the property management division of Adam Campo Real Estate {Limited liability company established in 2006/Managing countless properties professionally (as a sole proprietor) since 1999}, and we will be employing a full time on-site manager.