Vancouver Island - BRRR JV Opportunity

[Tom Takacs]

Single Family Home located in Port Alberni, BC. Looking for a JV partner to finance the renovation costs and qualify for mortgage of approx $450K once completed.

Purchased for $340K
Rehab cost $150K
After renovation value $600K

Will yield approx 20% ROI annually.

Vancouver Island has close to a 0% vacancy rate in the rental market.

 

[Tina Myrvang]

Hi Tom,

Send me an email regarding this to [email protected]. I have some ideas.