Ready for a ridiculously cheap house?
How often can you buy a whole house for $164,900?? This one comes with its challenges, but if it didn’t, it would cost much more! It’s on a nice corner lot with mature trees, close to grocery store, Tim Horton’s, and other amenities. The catch is…you may need to hold this for up to 12 months before starting renovations, and you can only view the exterior until then.
Purchase now at a great price, renovate later, and sell for around $400k when complete. At this price you can rent it or flip it and do well. Awesome BRRRR potential! This deal’s for someone who wants to play a lucrative long game.
– LOCATION: Durham, ON (North of Guelph)
– PURCHASE PRICE: $164,900 (Sight unseen offers anytime.)
– AFTER REPAIR VALUE: Over $400k after nice renos. More if you rebuild!
– CLOSING: December 20, 2021 (This is an assignment sale.)
– VACANT: December 20, 2022 (Seller has the right to stay up to 1 year after close as a licensee (not a tenant). Equivalent of 1 year’s “rent” paid in advance. Ask us for details on how you’re protected.)
– TYPE: Detached House
– BEDS/BATHS: 2 Beds/1 Bath
– PARKING: 2 Spaces
– BASEMENT: Crawl Space
– SQFT: 1647 sq. ft.
– LOT: 63′ x 99′
– AGE: 1896
– This house is in rough shape and needs TLC. Plan for extensive renovations.
– Some junk and furniture removal.
– Please view the pictures for ideas on what you’d like to renovate.
– The low, low price.
– Rent it or flip it. Either way there’s lots of profit.
– Talk to your accountant, but they’ll probably tell you that you’ll pay less tax when you sell, since you’ll hold it for 1+ years even if you flip it.
– Keep some cash in real property instead of your bank account in the strange economy of 2022.
– If you need private lending options, we can help.
Please let us know if you want to view it or if you want us to email you the info package. (Comparable sales, MPAC info, and more…)
Aaron Moore, Tomomi Wang & Josea Paul
www.HouseDealsGTA.ca – Wholesale Properties For Real Estate Investors
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Need Fast Financing?
Calvert Home Mortgage has the ability to finance most of the wholesale price, INCLUDING the assignment fee. Also, they can fund in 24 hours.
Calvert has options for buying with as low as $20k down, with rates starting at 7.99% and a 2% lender’s fee for 25% down.
No additional broker fees! No appraisal fee! Fully open!
Get $500 off the lender’s fee from Calvert Mortgages if you let them know that you heard about them through House Deals GTA