65 Unit apartment Complex. Mix of 1,2,3 & 4 Br units.
Have signed letter of intent to purchase at $2,200,000.
Appraised March 20th, 2014 at $2,750,000.
Have 1st mortgage funding in place for 70% of purchase price.
I have $350,000 down
NEED JV PARTNER TO FUND $200,000 to close
TIME IS OF THE ESSENCE - SELLER WANTS CLOSURE BY APRIL 30th
Need Help with Selling GGuestFebruary 22, 2014 163900000
You will love this fully renovated bungalow in the desirable community of Wildwood. As you walk in you're invited by the welcoming front foyer with open concept living, soaked with tons of natural light. The main floor offers a large living room, dining room, bright kitchen, spacious master bedroom , 2 other good sized rooms all with built-in wood armoires. The developed basement includes a 4th & 5th bedroom, storage room, huge family room & wet bar. A main selling feature in this home is the extensive woodwork. The entire home has matching Douglas Fir Custom, kitchen cabinets, bathroom vanities, wet bar & built-in bathroom armoires. This home also has a detached single car garage with single carport, sunny south facing corner yard with large deck! This home has been completely renovated from top to bottom including new stucco, vinyl windows, wood trim etc. you must view it to a appreciate the design and craftsmanship. The perfect home in the perfect location!
* 3 Year Turn-Key Lease-Option Opportunity in Pickering, ON
* Purchase Price: $412,000 * Cash Required: $45,764
* Cash-flow: $184/month (4.82% ROI/year on just the cash-flow)
* Total NET profit at the end of the term: $29,239 (Net profit is after paying off the mortgage, and getting back your initial investment!)
* Total estimated return: 21.30% per year! * Detailed financials available. Take Action. Start making positive cash-flow next month. CALL US NOW! To your success, Alex
ITTO Lease-Option Deals Available as of: 07/17/2011: DEAL 01: TAKEN - Summary: Premium, high income tenants with minor credit issues. Our broker has given them a plan to easily fix their credit within the term. Currently renting and the landlord is selling. They are upset they have to move and never want to rent again. Act fast to snatch up this amazing deal. - Cities: Mississauga, Brampton, Burlington - Max house price: $390,000 - Initial investment: $33,080 - Ability to borrow: $39,000 from LOC, HELOC, RRSP, or another source. - Term length: 3 years - Net profit: $26,515 - Return: 26.72% per year DEAL 02: TAKEN - Summary: A very nice couple that started up a business that went under a few years ago. As a result they now have minor credit issues that need to be dealt with. Our broker come up with a plan where they can easily rebuild their credit within the term. They both make decent income and are working very hard to pay off debit and rebuild their credit. They no longer want to rent, and would love to own instead. Jump on this excellent deal today. - Cities: Scarborough, Ajax, Pickering - Max house price: $221,000 -...
Hello My Friends, We are very proud to announce that in May we closed on a 158 unit building in Dallas, Texas called Timber Park with our AWESOME JV Partners! And with a solid plan in place, in just 6 weeks we have increased the occupancy from 70% (with several bad tenants, so had to clean house) to 90%! We are very excited with the progress and changes at this property! I currently have an unbelievable 188 unit building under contract in Dallas, Texas (a foreclosure with the bank) that is 1985 product locked in at a price of $11,330 per door! (This is why I am buying in Dallas!) It is located in the same neighborhood as Timber Park, so we are very familiar with the area and know exactly what we need to do to get this property performing. I need to move very quickly... I have secured a mortgage at $1.3M. I am looking for ACCREDITED JV partners with a minimum of $100,000 to invest in this project (sorry cannot be RRSP's). The plan is the same as at Timber Park. Conservatively, we expect within 12 months this building will be stabilized (which means at 90% or higher occupancy... with good, paying tenants). After it is stabilized for 3 months, we will refinance and pay the investors out a minimum of 85% (expected 100%) of their original...
5501 37th St, Red Deer: $799,495 Hello Everyone! We are Diamond REIN Members and have recently expanded our business into the States and therefore, have decided to sell some of our great properties in Calgary and Red Deer. Please see below for details and let me know if you would like further information and pictures! 5501 37th St, Red Deer: $799,495 Apartment style 6 plex; great mix! (5 – 3 bedrooms; 1 – 2 bedroom); great for conversion. 3 suites FULLY renovated; 3 suites partially renovated… in very nice condition. All hallways refinished; new security locks; coin laundry; great area only a few blocks from Red Deer College; lots of parking; large corner lot. Mthly rent Unit 1 $900.00 Unit 2 $895.00 Unit 3 $1,095.00 ...
6323 59th Ave, Red Deer: $534,000 4 corner fouplex; 2 bedrooms / 1 bath each unit; private entrances, private laundry in each suite; own hot water tank and furnace in each suite; exterior refinished last summer; partially renovated suites - #2 completely reno’d; #3 nicely updated; 1 & 4 dated, but nice; some new appliances. Monthly rent: Unit 1 $795.00 Unit 2 $995.00 Unit 3 $850.00 Unit 4 $750.00 Current Yearly rent - $40,680.00 Fully leased - Yearly figures below: Property Tax $4,232.00 Insurance $1,379.00 *** May be able to help get an RRSP 2nd mortgage placed on the property after closing in order to pull out some of your cash. PLEASE DO NOT APPROACH TENANTS! Call Today for pictures and more information! Madeleine Ficaccio, B.Comm. The VEA Group...
2614 & 2616 – 29 Street SW (Killarney, Calgary): $589,950
Full Duplex with great tenants and double detached garage with 2 single doors and a wall between.
$2445 per month rents for 2 units; $200 per month additional income from garage.
$31,740 per year! Some renovations completed; very nice condition; HUGE kitchens and living rooms; great street on a bus route; close to downtown.
I may be able to structure a lease option on this property.... no qualifying for 2 years!
PLEASE DO NOT APPROACH TENANTS!
Call Today for pictures and more information!
Madeleine Ficaccio, B.Comm.
The VEA Group Inc.
Diamond REIN Member
Top Player (REIN 2010)
Top Ten Alberta (South - REIN 2005, 2006, 2007)
Renovator of the Year (Dan - South - REIN 2008)
Office: (403) 547-7227
Cell: (403) 471-4337 (best # to reach me at)
Fax: (403) 239-8319
2402 47th St SE, Calgary: $314,900 Monthly rent: Main Floor (3 bdrm) & Garage: $1,200.00 Basement Suite (2 bdrm) : $750.00 (Tenants pay utilities) Entire property renovated including exterior, new deck, etc. Main floor (3 beds/1 bath) with 2 bedroom (1 bath) basement suite and huge 24’ x 30’ garage (detached); shared laundry; corner lot; main floor & garage usually rents for $1400 (long term tenant so we gave them a deal to keep them in plus they take care of landscaping, cleaning the laundry room, etc.). Before the current tenants, we rented the garage for $400, the main floor for $1195 and the basement for $750 for a total of $2345 per month! Current Yearly rent - $23,400.00 Fully leased until June, 2011 Yearly figures below: Property Tax: $1,776.00 Insurance : $718.00 *** I may be able to help you get an RRSP 2nd mortgage on after closing in order to pull some of your cash out... possibly up to...
Hi everyone, I hope things are going well. I just wanted to let you know of the premium Rent-to-own Real Estate investments currently remaining that are going very fast: TAKEN - NO LONGER AVAILABLE Tenant looking for a home in Oakville or Burlington * Max Home Price: $390,000 * Initial Investment: $41,740 plus $42,000 equity * Investment Term: 3 years * Net Profit: $26,982 * Net ROI per Year: 21.55% TAKEN - NO LONGER AVAILABLE Our tenant is looking for a home in Mississauga or Burlington * Max Home Price: $390,000 * Initial Investment: $33,080 plus $40,000 equity * Investment Term: 3 years * Net Profit: $27,431 * Net ROI per Year: 27.64% ----------------------------------------------------------------- 1. High income, premium tenants looking for a home in Mississauga, Brampton, or Newmarket * Max Home Price: $390,000 * Initial Investment: $39,300 plus $39,000 equity * Investment Term: 3 years * Net Profit: $26,515 * Net ROI per Year: 26.72% 2. Pre-qualified, high-value tenants looking for a home in Scarborough, Ajax, or Pickering ...
I don't have the website info yet but here's a screen shot that explains it pretty good: We have SFH [single family homes] that have just been rehabbed. We have buyers for them ready with a down payment. We are working with a nonprofit church organization to help the buyers get their credit score up to where they will qualify for a FHA loan in 9-14 months. We take care of EVERYTHING. YOU are the bank. The whole thing is handled as if a bank was loaning the funds - attorneys, escrow accounts, you're listed as the mortgage holder & owner. This works! No tenants, no rehab, no small monthly income & long terms to wait [even though they are great as well]. And finally for the pessimists in the crowd - at worse case, the deal falls through - we simply put another buyer in place and start over. Or, you own a home that will easily cash flow until another buyer if put in place! Typical SFH deal - $50,000 investment, $20,000 net profit in 6-12 months typical. 10 house deal - $410,000 investment, $265,000 net profit in 6-12 months typical! **Since the profit on these is nonexistent for us, there is a 2% buyer's fee charged. Please send me a request for the full length informative power point that explains everything in more detail. Currently, we have 50 properties with buyers in the Greater Indianapolis area that are ready to close - we just need your involvement. Plus, another 100+ properties in the Mid-West ready to...