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Mortgage Basics

Browse all articles tagged with “Mortgage Basics”. Page 9.

Articles: 105
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Since: 2019

Featured Real Estate Investing 101 2025.12.18

Buying Distressed Properties: Hidden Problems to Know .

Spot common distressed property issues before buying. Hidden plumbing, water damage, pests and structural problems Canadian investors face.

Distressed properties hide 5 expensive issues: foundation problems ($15-50K), plumbing replacements ($8-20K), water damage ($5-15K), pest infestations ($2-8K), and electrical upgrades ($5-12K). Budget $3-5K for inspections. Use 70% rule: ARV × 0.7 - repairs = max offer. Walk away if repairs exceed 20% of ARV.