I have a condo I`d like to sell since it has been a major negative cash-flow all along.
Its located in 1915 26 street sw.
To break even (get my DP back) I need to sell for about $253K (as an assumable so no fees)
Some are listed for $240K though or less so not helping me much.
I`m thinking a lease-to-own for a year or 2. My current tenants are moving June 1st so I need to have this done then or have it rented out again.
My thought is to get a rental contract along with a option-to-purchase and a small DP like $4,000 to make it attractive.
C-train will be 3 blocks away in 2 years.
Any special way to do this to mitigate risk? advertise? Or is it to out of range?
Any feedback appreciated.
Thanks!
Its located in 1915 26 street sw.
To break even (get my DP back) I need to sell for about $253K (as an assumable so no fees)
Some are listed for $240K though or less so not helping me much.
I`m thinking a lease-to-own for a year or 2. My current tenants are moving June 1st so I need to have this done then or have it rented out again.
My thought is to get a rental contract along with a option-to-purchase and a small DP like $4,000 to make it attractive.
C-train will be 3 blocks away in 2 years.
Any special way to do this to mitigate risk? advertise? Or is it to out of range?
Any feedback appreciated.
Thanks!