A property that needs repairs or renovations, typically priced below market value. Often targeted by investors using BRRRR or fix-and-flip strategies.
Related Articles
- The 70% Rule for House Flipping in Canada
Calculate your maximum purchase price on any flip using the 70% rule. ARV formula, renovation budgeting, and real examples for Canadian house flippers.
- 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.
- Debt Ratios Explained: Get Approved for More in Canada
Understand how GDS and TDS debt ratios work in Canada. Lender strategies that could significantly boost your mortgage approval amount for investment properties.
- DSCR Loan Application: Step-by-Step Guide for Canadians
Complete walkthrough of the DSCR loan application process for Canadian investors buying US rental properties. Documents, timeline, and approval steps explained.
- 7 DSCR Loan Mistakes That Get Your Application Denied
Avoid these 7 critical DSCR loan mistakes that cause denials. What experienced investors do differently to get approved faster with better rates and terms.
- How to Flip Houses in Canada: 30+ Deal Lessons
House flipping fundamentals from an investor with 30+ completed deals. Team building, renovation cost estimation, ARV analysis, and financing strategies.
← Mortgage & Real Estate Glossary 2026 · Editorial standards