You may need to mitigate your losses(ie trying to rent it out) read the tenancy laws. Start advertising as soon as you can Sent from my iPhone using myREINspace

Demo and start from new 50-100k Sent from my iPhone using myREINspace

Typically you would put all your costs down and tack on 15-25% to find your sale price, building a home sounds easy but you will get hammered if you mess up the process. If you want shoot me a message with your phone number and I can walk you through some of the process. Sent from my iPhone...

Perfect, thanks for the info Sent from my iPhone using myREINspace

I was talking with the local credit union, she said because I paid cash and owned it less than a year She would only lend on the purchase price. This the case all around ? Sent from my iPhone using myREINspace

Should have added I own it outright and want to slap a mortgage on it Sent from my iPhone using myREINspace

What is the best way to get a mortgage for a small 6 plex. Est value 450K. Talked to mortgage broker they charge 1-2% That normal ? There a better way to go about it; approach credit union ?

Buy a suited house, rent the basement. Stack your cash until you can put 20% down on a fixer with a suite Sent from my iPhone using myREINspace

Not to sure how cold it gets there and if you run NG or electric baseboard heat. I’ll try to answer in order of your questions; Foam vs Roxul - spray foam is good for moisture issues but if it’s just for insulating and noise reduction fibreglass batt insulation is just as good as any. There is...

Where is this ? Sent from my iPhone using myREINspace

Agreed, less headaches and you can streamline new builds Sent from my iPhone using myREINspace

Is that subcontracted or you do the labour yourself ? Sent from my iPhone using myREINspace

Why not do new builds? Sent from my iPhone using myREINspace

Cool video, curious how the financials go Sent from my iPhone using myREINspace

Also pull the title to check if it's legal Sent from my iPhone using myREINspace

5% down isn't a plus, you pay 40k into it but you CMHC fee"s will collect half that effectively making your equity at 98%, if your looking at purchasing more properties in the future the debt on this would kill your ratio and stump your growth Sent from my iPhone using myREINspace

If it is legal it is grandfathered, If the zoning on a parcel of land changed you won't be able to build a structure that doesn't meet the current zoning requirements. If the minimum requirements for lot size change and yours does will not meet the new requirement you won't be able to rezone it...

Why not install one? Sent from my iPhone using myREINspace

How much can you rent it for?

Your investing in the wrong market