- Joined
- Sep 19, 2007
- Messages
- 53
I have a Legal Triplex in Barrie under contract.
Purchase Price $256,000
Comparables (Solds) $265,000 - $300,000
Fully Tenanted. Below Market rents.
I have secured an 85% VTB at 6% and need a money partner.
Someone who can come up with the 15% down. $35, 840.
Property will close end of March.
I am willing to offer the investor who can provide this downpayment a 60% -40% equity split in their favour. We have a 2 year exit strategy, and Barrie has been appreciating on average about 7% per year. The property is 5 minutes from downtown. Within walking distance of the Barrie Go Station and the area is also zoned commercial. This project screams potential.
If interested, please contact George Hutchings and I will send you all the financials including comps.
George Hutchings
Hutchings Investments
705 727 0918
Purchase Price $256,000
Comparables (Solds) $265,000 - $300,000
Fully Tenanted. Below Market rents.
I have secured an 85% VTB at 6% and need a money partner.
Someone who can come up with the 15% down. $35, 840.
Property will close end of March.
I am willing to offer the investor who can provide this downpayment a 60% -40% equity split in their favour. We have a 2 year exit strategy, and Barrie has been appreciating on average about 7% per year. The property is 5 minutes from downtown. Within walking distance of the Barrie Go Station and the area is also zoned commercial. This project screams potential.
If interested, please contact George Hutchings and I will send you all the financials including comps.
George Hutchings
Hutchings Investments
705 727 0918