- Joined
- Aug 30, 2007
- Messages
- 51
With a projected share of the profits yielding a return of 72.76% on your cash or more like 381% on your borrowed funds in just 3 years, this can be a very easy and painless `Single-Family House` JV purchase deal for you. The property is located in a well-established area in Red Deer with solid fundamentals. There`s even a decent positive cashflow because the rent is set as part of the agreement with the tenants because we are setting them up as Rent-to-Own Buyers of the property (at $1990/mo = +$288CF).We want to secure a Buyer who wants to buy it from us in 2 to 3 years via an Agreement-For-Sale agreement. The JV is asked to bring the following to the deal: [*]10% down payment ($39,100 - includes closing costs) - must be able to qualify for a High Ratio mortgage[*]Goes on Mortgage and Title with JV Agreement added via caveat[*]Your Projected 2-year R.O.I. = 26.47% or 181% if your investment cash is borrowed money @ 5.5%[*]Independent Legal Council[*]This is 2 to 3 year window[*]A Sophisticated Investor Binder or at least having your financials in order to expedite the financing process.I provide:
Thank you very much for your interest.
Outside of your due diligence and getting the financing to start the deal, there isn`t much of anything else you`ll have to do until closing the sale at the end of the Rent-to-Own contract!
Time is of the essence this deal will only be available until early July!
- The Deal!
- All Renovation & Advertising
- Funds
- The Rent-to-Own Buyer
- with a 2 or 3-year option-to-purchase lease
- All the property management
- and all dealings with the `Rent-to-Own` BuyerThe JV agreement
- which we register on titleBring in the Mortgage Broker
- (unless you prefer to use your own!)
- Real Estate expertise from the Red Deer
- area
- Provide the Real Estate team
- (Accountant, Lawyer to handle the Rent-to-own paperwork, Property Management...etc.)Fully renovated upstairs
- and new renovations currently going on in the basement!Exit Strategy
- :
2-year hold with an option to go to a 3-year term with a sale to the `Rent-to-Owner` that is brought in.Upon sale, both JV partners receive their invested cash back first then a 50-50 split
Thank you very much for your interest.
Outside of your due diligence and getting the financing to start the deal, there isn`t much of anything else you`ll have to do until closing the sale at the end of the Rent-to-Own contract!
Time is of the essence this deal will only be available until early July!