Originally posted by kestra
I was actually considering this route with an investor, as I don't have 10% to put down. Can this still be an option with a fixed rate? It's definitely a buyer's market up here in Alberta. I don't want to go with a 0% down option, as my hands would to tied with shitty interest rates.
Probably a bad idea because there are many associated fees and upfront costs with buying a house that aren't necessarily clear when you start looking for houses, say $4-5k. Additionally, the cheapest houses in my area are bank owned, bank owned are priced ~10% below market, however, they will not take care of things that you could maybe convince a home seller to take care of, like termites, dry rot, etc and not come with appliances so you will need more cash upfront.