- Joined
- Sep 18, 2007
- Messages
- 1,230
I have a tnhs thats listed on Property Guys in Hamilton ON, seller wants to cash out (preferably). Currently rented to 4 individuals for $1500 p/mo roughly, asking $155K, he'll probly take 150, P taxes $1800/yr and condo fees $300. I haven't seen it yet, but apparently has 3 bathrooms and 1 full kitchen + extra fridge. Seller lives out of town, is semi retired, lives in Florida for the winter and would like some cash to pay off a short term loan. He is amenable to potentially an Agreement For Sale but wants to run it by his lawyer who will likely kill the deal if unfamiliar with the strategy.
I can see few different ways to get in but don't see the exit strategy...
Any ideas would be appreciated.
Thanks
I can see few different ways to get in but don't see the exit strategy...
Any ideas would be appreciated.
Thanks