Great opportunity for first time investors or seasoned pros that have maxed out their borrowing ability. I will carry the first mortgage for 2 years until you can qualify for your own mortgage or if you decide to sell the property.

This property is available for action takers that know a great deal when they see one AND have the capital required to seize it. This investment property is available until October 10th 2012 and then it will be listed and sold on MLS.

If you DO NOT need financing and would like to buy it - it can be sold directly, without Realtors for a reduced cost of $236K

The Property

1/2 Duplex, Built in 1997
1400 Sqft
4 bedroom, 2.5 baths
NO CONDO FEES
Gas Fireplace
Small deck, yard and glimpses of city views
Rents are $1545+

The Area

Top Growth Area!
Located in Hermitage, NE Edmonton
Less than 5 minutes to Yellowhead highway, malls, medical centres.
Fast Access to Fort Saskatchewan, Downtown and Fort McMurray

The Numbers

Average rent $1545
P&I $1034.33
Tax $142
Insurance $46
Repair and maintenance 6% / $93
Vacancy 6% / $93
---------------------
+$137 CF

You can possibly get higher rent, rent furnished or use other strategies to increase your cashflow. I have put conservative sample numbers here as an example.
The yield on this property is 7.7% at current rents.

The Opportunity

Purchase price is $239K
Downpayment: $50K
I will hold the 1st mortgage for a 2 year term at approximately 4.99%

You control, manage and operate the property as you like - You're the owner.

Please email with your contact info or leave a detailed message, and do it quickly as this deal won't last!

REIN PLATINUM MEMBERS

Glenn Simon Inc.
Alberta Oil Sands Real Estate Investments

Suite 1217, 5328 Calgary Trail NW,
Edmonton, Alberta T6H 4J8
Toll Free North America: 1-888-780-5940
Toll Free Fax 1-888-276-4517

http://www.glennsimoninc.com
Edmonton Investor Blog
info@glennsimoninc.com