WadeFenner
Inspired Forum Member
- Joined
- Nov 7, 2007
- Messages
- 148
Nothing Sexy........ Just a Good Solid InvestmentAnd a reputation you can stand by....**************************************What Are You Looking For?
[*]Are you looking to invest in Edmonton, the #1 city in Alberta to invest in, but would prefer to not have to do any work?[*]Are you looking for a Joint Venture Partner with years of experience?[*]Are you looking for a Joint Venture Partner who will take care of every detail?[*]Are you looking for a Joint Venture Partner who you can trust to take care of your investments?With 13 years as a paying R.E.I.N. member and 110 purchases under my belt I know I can give you what you`re looking for.
What I`m Looking To Do
I`m looking to joint venture on quality properties in Edmonton.
The Basics Will Look Like This
The arrangement will look like a typical R.E.I.N. joint venture with one person putting up a limited amount of cash and the person providing the professional experience, management of the investment including the physical property and all associated maintenance & paperwork.
An Armchair Investor working with an Active Investor.
My approach to this type of arrangement is a little different than some other investors. Instead of trying to convince a new potential partner to get involved with me and a hypothetical property I have yet to buy I prefer to show my new joint venture partner a Turn Key Investment.
A property which has already been purchased, updated, and occupied by a quality tenant.
This way there is no "unknowns" left out of the picture.
The Deal Itself
In its simplest form....
[*]Are you looking to invest in Edmonton, the #1 city in Alberta to invest in, but would prefer to not have to do any work?[*]Are you looking for a Joint Venture Partner with years of experience?[*]Are you looking for a Joint Venture Partner who will take care of every detail?[*]Are you looking for a Joint Venture Partner who you can trust to take care of your investments?With 13 years as a paying R.E.I.N. member and 110 purchases under my belt I know I can give you what you`re looking for.
What I`m Looking To Do
I`m looking to joint venture on quality properties in Edmonton.
The Basics Will Look Like This
The arrangement will look like a typical R.E.I.N. joint venture with one person putting up a limited amount of cash and the person providing the professional experience, management of the investment including the physical property and all associated maintenance & paperwork.
An Armchair Investor working with an Active Investor.
My approach to this type of arrangement is a little different than some other investors. Instead of trying to convince a new potential partner to get involved with me and a hypothetical property I have yet to buy I prefer to show my new joint venture partner a Turn Key Investment.
A property which has already been purchased, updated, and occupied by a quality tenant.
This way there is no "unknowns" left out of the picture.
The Deal Itself
In its simplest form....
- You put a 20% down payment in to the deal plus a five thousand dollar contingency fund & no other closing costs etc. other than your own accounting & legal fees or legal advice etc
- We split the future upside 50-50I take care of all the workYou play like a farmer in the winter time....... sit back and relaxThe Properties
Typically the properties I invest in are single family home or townhouses located in decent areas of Edmonton. My general approach is to purchase properties in the median price range, renovate them to a fairy high standard, then rent them out to Double "A" Tenants
- who appreciate a nice home and who are willing to pay for the quality housing we provide.
What Investments Are Available Right Now?
Right now I have five properties needing a joint venture partner, the property values range from $240,000 to $340,000 and so the cash required from you (20% of value) would range from $48,000 to $68,000. These properties are currently tenant occupied.
To Qualify or Not
I also have properties which follow the same basic guidelines but require the Silent Partner to qualify for a new mortgage.
In Closing
It would be possible for me to ramble on here for pages but I won`t. If you`re interested in learning more about the properties and the joint venture arrangement please contact me by way of a private message, email, or phone.
A private message or email might be best for now vs the phone.
Please compile a list of questions you may have then email them to me and I`ll get back to you asap.
[email protected] (780) 450-1595
Thank you,
Wade Fenner
13 Year Member of R.E.I.N.Diamond Member (100 or More Real Estate Purchases Transacted)5 Time Top Award WinnerPlayer of the Year Award Winner