Hi fellow REIN members,

I am seeking a JV partner to invest into a property that I have in Ottawa - one of the top Ontario investment towns! This legal duplex with an additional bachelor/studio unit is located in the Chateauneuf area of Orleans in Ottawa's east end. Investment amount is $56,000 for a 3 to 5 year term.

2011 Overview:

Effective Gross Income: $32,368
Total Operating Expenses: $10,852
Annual Debt Service: $16,416
Cash Flow: $5,100
Instant Equity: $20,000 (I purchased it for $360K in 2010 and today it is valued at $380K)

Please email me at tjmiller@rogers.com if you would like an information package and financial details.

Cheers
Tony