Thanks for the reply Thomas. We signed the deal at significantly below market price so we have some risk mitigation there, but I'm wondering if there are other risk mitigation steps we can take. My biggest concerns are fire and flood.

Hi, I'm working on due diligence on an accepted offer on a bank-owned foreclosure in Edmonton. Note that this is not a court ordered sale - the title has already been transferred from the foreclosed owner's name into the name of the bank (I've confirmed with title search). My realtor has...

Thank you for all the answers so far. PeterM has described my JV situation the best - one of the co-venturers is on title and mortgage and fully qualifies on his own (me) and the other co-venturer has a beneficial interest in exchange for his in-kind service contributions (property management)...

I currently have an accepted offer on a property in Edmonton and I have to remove conditions next week. The deal is being done as a joint venture with a friend. My friend doesn't yet own a primary residence and would like to avoid having the mortgage count against his credit and we were advised...