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Joint Venture Opportunity in Calgary

myouden

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Oct 27, 2013
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Joint Venture Opportunity.


We are two experienced contractors/renovators looking for a financing partner.


You are able to fund a property and all material costs. You may use whatever means you like. We recommend the renovation financing ( details attached ). You are to provide no labour.


We will supply all labour. We are looking for projects that can be turned in 3 ` 4 weeks. We will work full time on the project, seven days a week. One contractor is licensed in Calgary, the province of Alberta, Bonded, insured and a BBB member.


When the renovated property is sold, you recover your material and any financing costs. All realtor and legal fees are then paid. The remainder is split into 3 equal parts.


We have realtors and lawyers to find, secure and sell property. We are able to do one property at a time to start. We will assist in putting together a realistic budget and time line for financing purposes.


The renovation financing requires no money down but you must have $30,000.0 - $50,000.00 liquid available for materials and a property as collateral.


This project has the potential to be long term if it is a good fit for all involved.


Guidelines:


Financier provides money only, no labour.


Contractors provide labour only, no money.


Properties are to be agreed on by all 3 parties.


Renovation details are to be agreed on by all 3 parties in advance of financing. The goal is profits so only work that adds significant value will be undertaken. Renovations and upgrades are to be area specific with the goal of maximizing ROI.


A contract providing a work list and details of costs and shares is to be in place prior to commencement.


All Funds pertaining to property are held in trust and dispersed by a lawyer. These costs are shared by all 3 parties.






Lender will advance 100% of the purchase price (O.A.C).!!



  • Currently Lending in Alberta & BC Only







 
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