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Foreclosure Rescue Opportunities

stevethrondson

0
REIN Member
Joined
Aug 30, 2007
Messages
48
Foreclosure Rescue Opportunity!Here’s your opportunity to profit with Calgary Foreclosures!$43,500 below appraised value!

Bright and open plan with vaulted ceilings in living room, dining room and kitchen. Master bedroom has 3 pc ensuite with walk in shower and his and her closets. Basement is very bright and could be developed easily. Could be suited (not zoned for legal suite). Corner lot in great neighbourhood in Somerset SW Calgary.


· 1,290 square feet developed

· 3 Bedrooms, 2 bathrooms

· Close to LRT

· Fully landscaped yard

· Close to all amenities

· Close to Fish Creek Park

· Double attached garage

· Fenced back yard


Appraised at $383,500. $43,500 in built in equity when you buy!


Comps range from $377,000 to $400,000+

Sellers have agreed to lease back property for $1,900, until we can find them a new home. When they leave, I can show you how to get serious cash flow from our lease to own system.



Joint Venture Opportunity

If you qualify for a good mortgage, I can show you how we can profit on this deal with our “seller financed / lease option program”. We have several “tenant / buyers” interested in the home and our projections show a profit of $90,000 for a one year term. We have done a number of these transactions recently and we always get our asking price.

The joint venture can be done for approximately 10% down
with our skip transfer system. We also may be able to place an RRSP second mortgage to pull out all of our money within a few months. Call for details.



Phone: Steve at 403 837-7368


e-mail: [email protected]
 
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