Wholesale deal or money partner for attractive west Edmonton flip

Parker

New Forum Member
REIN Member
Oct 14, 2016
7
1
3
#1
I can have this property under contract on Sunday or Monday.
This deal is time sensitive. Property is about to go into foreclosure

The deal:

-Off market
-3 bed 1 1/2 bath townhouse
-a few blocks from West Edmonton Mall
-I already have a verbal acceptance of 139k
-ARV of 215-220k based on comps in the same complex
-Needs new kitchen, carpet, both bathrooms, paint (30-40k)

I will either wholesale / assign you this deal at 144k
or
I will manage and arrange financing for 6 month open mortgage
as well as manage contractor/s during the project
I'm willing to split the profit 60% money partner 40% to myself
It should be fairly straight forward and I expect to be in and out in 3-4 months.


text me at any hour or call during the day at 780-216-2010
or email me at parkerkatcanada@gmail.com
if you have any questions.

Look forward to hearing from you,
Mike Parker
 
Last edited:

Jason10857

New Forum Member
REIN Member
Jan 9, 2017
9
1
3
#2
Hi Parker, I may be interested. Has there been any townhouses that sold in the area within the last 3-6 months?
 

Parker

New Forum Member
REIN Member
Oct 14, 2016
7
1
3
#4
Is the deal still available?
Hey Robert,

Sorry it took a couple weeks. I haven't been on my Rein space in a while. Another Rein member ended up hopping on it. It was a win win all around.

I'm always looking for opportunities like it though.
 

Parker

New Forum Member
REIN Member
Oct 14, 2016
7
1
3
#5
Hi Parker, I may be interested. Has there been any townhouses that sold in the area within the last 3-6 months?
Hey Jason,

Like I said to Robert...I haven't been on my Rein space in a while...but the deal ended up going to another Rein member who called me that same evening. It went fast. Are you in Edmonton? I'd love to chat!!