- Joined
- Sep 4, 2007
- Messages
- 11
Hello,I am looking for a JV partner that is looking for a positve cash flow, with good returns in a great city and location. We have secured a 4 plex in Red Deer, AB that is currently under market value by $25,000 and could have $400-$500 per month cash flow. This would be a classic 50/50 JV with both you and I on title and mortgage. We are looking for $129,800... This is how it breaks down...
Purchase Price: $575,000 (Market Value up to $600,000)
20% Down: $115,000
Closing Costs: $14,800 ($5,000 for initial cosmetic reno`s, $7,100 for holding fund, $2,700 for closing costs)
3 month Possession Date
Your 5 Yr ROI: 110.9% with a 8% apreciation yr/yr
Commitment Date of February 18, 2008
For more info, please call Jared Chamberlain at 403-999-9694 or [email protected]
Warmest Regards,
Jared Chamberlain
Real Estate Investor/Realtor
222, 4625 Varsity Drive NW Calgary AB
Cell: 403-999-9694
Fax: 1-866-474-3926
Purchase Price: $575,000 (Market Value up to $600,000)
20% Down: $115,000
Closing Costs: $14,800 ($5,000 for initial cosmetic reno`s, $7,100 for holding fund, $2,700 for closing costs)
3 month Possession Date
Your 5 Yr ROI: 110.9% with a 8% apreciation yr/yr
Commitment Date of February 18, 2008
For more info, please call Jared Chamberlain at 403-999-9694 or [email protected]
Warmest Regards,
Jared Chamberlain
Real Estate Investor/Realtor
222, 4625 Varsity Drive NW Calgary AB
Cell: 403-999-9694
Fax: 1-866-474-3926