How to Find and Evaluate a Distressed Property for Renovation
Where distressed and vacant properties come from in Nova Scotia and California (tax sales, foreclosures, receiverships) and how to check one before you bid.
Topic
Distressed properties
Articles about distressed properties in real estate financing and investment.
11 articles
Renovating a Distressed Property: Scope, Budget, Permits and Financing
How to scope, budget, permit and finance the renovation of a run-down property, with the tax and lien rules that catch investors out in Canada and the U.S.
From Vacant to Vibrant: How to Evaluate a Distressed or Abandoned Hotel
How to assess a closed or struggling hotel before you buy: brand and PIP status, building condition, permits and accessibility, exit options and financing.
A Checklist for Buying and Renovating a Distressed Apartment Building
A checklist for buying and repositioning a run-down apartment building: due diligence, tenants in place, rent and eviction rules in Nova Scotia and California, and capex.
The Ins and Outs of Bridge Financing for Commercial Real Estate
What a commercial bridge loan is, when owners use one, how it is priced and structured, and how to plan the exit into permanent financing or a sale.
Real Estate Wholesaling for Hard-to-Sell Properties: How It Works and Its Legal Limits
How real estate wholesaling works, assignment versus double closing, when it may need a licence in Nova Scotia and California, and what sellers and buyers should check.
Financing Hard-to-Finance Property: The Main Options
Why banks turn down some properties, and the alternatives: private and bridge loans, seller financing, equity partners, hybrid capital and government programs.
Hard Money and Private Loans: How They Work and What They Cost
How private and hard-money real estate loans are underwritten, what they really cost, the rules that apply in Nova Scotia and California, and what to check.
Financing Options When Your Property Is in Distress
The options an owner behind on a commercial mortgage has, from a workout with the lender to bridge or mezzanine money, a sale or a formal restructuring.
How Foreclosure Affects Your Credit, and How to Recover
How long missed mortgage payments, foreclosure and related judgments stay on a credit report in Canada and the U.S., and practical steps to rebuild afterwards.
Understanding Distressed Properties: A Guide for Sellers and Investors
What makes a property distressed, the options open to an owner who is behind on payments, and the checks an investor should make before buying one.