Property investors are important to community revitalization, and it’s one of the reasons why I got into this business. My work lets people put money and work into damaged or disused buildings so that we can rehabilitate the properties and get them back on market, but it does so much more than make a tidy …
What Does Neighbourhood And Community Revitalization Mean? Read More »
“No longer on the market” is a pretty vague term in the real estate industry. It means different things in different contexts, and it could mean sold. However, the word “sold” is a pretty definitive way to say “the deal is done” with no reservations; another way is to take it off all listings completely. …
If you watch house flipping shows (and who doesn’t? They’re very addictive), you’ll know that every episode has a pretty predictable formula. The property owner has a huge list of must-haves and a very tight budget. The renovation team, always up for a challenge, then delivers the home of the property owner’s dreams, even after …
What Do All Those Popular House Flipping Shows Not Tell You? Read More »
Making the most out of investment starts with choosing the right type of property for your strategy and the amount of capital you’ve raised. Two of the more profitable ventures are multi-family homes and commercial properties. Please follow and like us:
When you purchase a home, the government applies a land transfer tax. This tax can easily be overlooked by investors who are weighing the final cost of a property. Regardless of the final figure, it’s almost always the largest piece of your closing costs! Please follow and like us:
If you’re getting a loan to buy an investment property, the lending institution will want to protect their money. An appraisal of the property is one of the ways they do that, and lenders often send in an Appraisal Institute of Canada (AIC)-approved expert to have a look inside. Please follow and like us:
One of the secrets of successful property investing is interpreting the real meaning of realtor-speak. If you can understand what they’re saying, you can see when a good flipping opportunity is really off the market. Please follow and like us:
If you have all the cash you need to buy a home, paying for it in full seems like a no-brainer, right? Not so fast! There’s a lot to consider when buying property, especially if you’re doing so as an investment. Here’s how you can break down your options and make the best decision for …
If You Have Cash To Buy A Home In Full, Should You Still Consider A Mortgage? Read More »
Getting a favourable loan is a necessary part of securing investment properties. But some lenders see flipping as a risky proposition, especially for those new to real estate. If you’re looking to buy a property to renovate, they may either pass or offer you what’s known as a hard loan. What about soft loans? These …
Can A Soft Loan Help You Get Into Property Investing? Read More »
Many property flippers can afford the costs of carrying a mortgage while they renovate, but they might not have enough for a down payment until the opportunity is lost. One tool to bridge this gap and take on a property is a shared appreciation mortgage. Usually only offered by private funds and lenders, this mortgage …
