- Joined
- Nov 17, 2007
- Messages
- 1
I am looking for an "armchair" JV partner to help me with the downpayment (approx. $350K) on a dormitory-style building that I have the opportunity to buy for $1.5M (or best negotiated price) in Barrhead, Alberta. I am offering a second mortgage position at 7% interest, 10 year amortization (monthly payments to you = $4,063.80), plus a 10% equity position, for an effective interest rate of 17%. This property generates a monthly revenue of $26,746.00. Monthly expenses = about $10,500.00. This gives you, the JV partner, an additional monthly income of $1,624.60, for a total monthly income of approximately $5,688.40. If you are interested, please call Maggie at 1-866-296-8370 (toll-free), or my cell 1-780-305-7000. If you would like more information, please email [email protected]
Thank you for considering this opportunity.
Thank you for considering this opportunity.