- Joined
- Feb 26, 2008
- Messages
- 83
I'm posting this on behalf of friends.
They have a purpose built 8-unit building under contract in Ottawa (Vanier). This is an under performing building with a lot of upside. It is being purchased for $1.5M and will be renovated over the next 1-2 years for maximum market rents and an ARV of $2.6M+.
All due diligence has been done with the support of a local multi family expert/coach, and they are just looking at securing the last bit of financing to close this deal. They are looking for a couple more investors that are able to put up $150,000 as cash or Registered funds (Olympia Trust).
They are offering 12% on cash and 8% on registered funds. They are also willing to let the investor participate in the multi family buying process until closing day.
Please send me an email and I will then connect you with the buyers.
They have a purpose built 8-unit building under contract in Ottawa (Vanier). This is an under performing building with a lot of upside. It is being purchased for $1.5M and will be renovated over the next 1-2 years for maximum market rents and an ARV of $2.6M+.
All due diligence has been done with the support of a local multi family expert/coach, and they are just looking at securing the last bit of financing to close this deal. They are looking for a couple more investors that are able to put up $150,000 as cash or Registered funds (Olympia Trust).
They are offering 12% on cash and 8% on registered funds. They are also willing to let the investor participate in the multi family buying process until closing day.
Please send me an email and I will then connect you with the buyers.