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The new biggest challenge for investors

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Canadian Realestate Magazine | 27 Nov 2015, 08:15 AM Agree 0
Finding the right property was once the biggest hassle for investors, writes investing veteran, Paul Kondakos, but there’s a new bigger challenge to overcome in 2015
  • Jon | 01 Dec 2015, 08:42 AM Agree 0
    I think many "investors" today are not arranging mortgages for investment properties thru the banks. Instead people are using pre established lines of credit to outright buy the properties and avoiding the requirement for bank approval on the actual property.

    While this will allow the buyer to purchase the building, it may cause serious cash flow problems latter if interest rates rise because the proper income versus expenses calculaions were not determined.

    But in todays frantic market, most offers are simply refused if they have a conditional on finance clause.

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