Vancouver Island - BRRR JV Opportunity

Tom Takacs

New Forum Member
REIN Member
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.