[VIDEO] Update on my mission to buy a surplus military home from the Canadian Government.

I give an update about financing and the appraisal for the house.



The Invest Local Book blog is all about small business, franchises, local investing, home economics, small business systems and borrowing money for your business. It's full of great content and I look forward to seeing your feedback.

Big home liquidation near me, let's see if I can get a good deal on a house.

Two blocks from where I live 79 homes are going up for sale in a sealed tender bidding process.  The Canadian Armed Forces closed their base here in Moncton last year and these homes are in my neighbourhood and many have been vacant for years.

The government set the stage two weeks ago by offering the first 13 homes for sale via a Realtor.  The asking prices ranged from $74,900 for a semi-detached to a high of $86,000 for a 4 bedroom, two storey brick facade house.

If you've read my book, Invest Local, (and you should, of course) you'll know that I'm not the biggest fan of real estate as an investment.  I am considering buying one of these houses for several reasons:

1. They are in the neighbourhood where my kids school is and my ex lives.
2. They are cheap.
3. I know I want to live in this neighbourhood for at least another 10 years.
4. They are cheap.
5. The mortgage payment along with other expenses that are currently included in my rent may be lower than what I pay to rent so it may improve my monthly cash flow situation.
6. The starter-home market in Moncton is slow so they are being offered CHEAP.

Here's a link to a news article about them:
http://www.cbc.ca/news/canada/new-brunswick/moncton-s-acadia-park-surplus-military-houses-go-up-for-sale-1.2932171

Let's see what happens.  I'll post some video of the homes early next week, also you'll be able to see more snow!!  (this photo is clearly not recent!)

[VIDEO] Another post about liquidity and a chat about credit card limits.

I discuss a friend's dilemma about how much to put down on a house and how credit card limits make us feel.

To see the first post about liquidity risk just click.



InvestLocalBook.com is the blogsite for Invest Local, a book about local investing deals such as loans, leases, inventory financing, receivables financing and more to small businesses and people.

[AUDIO] Liquidity Risk in non-amortizing loan deals

Buzzing Ends at 33 Seconds.

I discuss an opportunity that one of my friends has to buy out a mortgage investment and discuss the pros and cons of the potential deal.  I talk about Liquidity risk, just one of 9 types of risk that are dealt with in my book; Invest Local.

Enjoy


InvestLocalBook.com is the blogsite for Invest Local, a book about local investing deals such as loans, leases, inventory financing, receivables financing and more to small businesses and people.