All fair points. I appreciate the insights. I'll factor them in. Cheers Tim

Yes, we were looking at a significant discount as well. Ok, thanks for that. Tim

Hi All, I'm working on a deal for a sale of a distressed Townhouse, somewhere in Ontario's Golden Horseshoe. Based on comparable MLS Listings, I guage the market value to be between $200k - $250k. Monthly rents in the area go from $1100 - $1500. I'm currently going through due diligence ( i...

Right. These are good observations. Thanks for the insight. I am still a beginning investor. But I do have a line on distressed properties. And when I do get one in, it's good to review it with the members here. Cheers Tim

This is an excellent opportunity to get a property in Southern Ontario for a $180k buyout. The seller is very motivated. This is a 15 year old single detached house which is currently generating $1'100.00 a month. Outstanding mortgage, liens and fees are $180k. It has been appraised at...