Well we must be real investors now! Financing on the new property has gotten interesting. We are still trying to get CMHC financing so we only have to put down 5%. Everything was looking great until yesterday when they decided that the house was UNDER valued. Isn't that interesting? They are concerned since we got TOO good a deal!
So all in a scramble we got an appraiser in to review the property and get this mortgage secured. But it still looks like we'll be lifting the conditions without a commitment in hand. Yikes!
skip to main |
skip to sidebar
My husband and I are small-small-small-time landlords in the city of Hamilton, Ontario. This blog tells of our trials and tribulations as we try to succeed at one of the hardest ventures we have ever set ourselves on. We both also have full-time jobs that actually pay the bills, AND two kids - one brand new. We currently have five 100+ year-old Victorian houses, one duplex, and three triplexes. They are constantly leaking, breaking, sagging, or leaning.
About Me
- Girl Gone
- I have so many wonderful things in my life - a perfect family, a great job, two family businesses on the side, and a wonderful extended family. My newest adventure is learning to run, and seeing where it takes me. Hopefully it takes me to "non plus" sizes and better health!