Wholesale Real Estate London Ontario: Who’s looking for a profitable property?
Here’s a little house on a big lot in the country! It’s surrounded by fields and greenspace, but it’s only 10 minutes from the 401 and halfway between London & Chatham. This one’s a cheap house with a 2022 closing…so you can enjoy your holiday season looking forward to a lucrative project in the new year!
How can you profit?
1) Fix & Flip: Buy for $239,900, renovate, and sell in the $400s.
2) Rent: At this price, you can renovate, rent it out and do well.
3) Move In: Snatch up this cheap country bungalow and renovate to suit yourself. Lots of equity in the buy.
SUMMARY:
– LOCATION: Rodney, ON (halfway between London & Chatham)
– PURCHASE PRICE: $239,900 Or Best Offer
– AFTER REPAIR VALUE: Probably over $400k considering recent comps, but at least $350k+
– CLOSING: January 11-March 14, 2021 (Seller to determine final closing. This is an assignment sale.)
– TYPE: Detached Bungalow
– BEDS/BATHS: 2 Beds/1 Bath
– GARAGE: Detached
– BASEMENT: Partial, Unfinished
– SQFT: 724 sq. ft.
– LOT: 175′ x 200′ (almost an acre)
– AGE: 1945
– FURNACE: Forced Air/Oil Fired
– DRILLED WELL/SEPTIC
– PROPERTY TAX: Approx $1750/year
RENOVATIONS NEEDED:
– “Lipstick & rouge.” Cosmetic updates needed to interior including kitchen, bath.
– Some junk and furniture removal.
– Please view the pictures for ideas on what you’d like to renovate.
GOOD NEWS:
– Big lot! Almost an acre. Potential to sever.
– The low, low price.
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…)
Thank you,
Aaron Moore, Tomomi Wang & Josea Paul
647-557-5979
www.HouseDealsGTA.ca – Wholesale Properties For Real Estate Investors
Need Fast Financing?
Calvert Home Mortgage has the ability to finance most of the wholesale price, INCLUDING the assignment fee.
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!
DISCOUNT:
Get $500 off the lender’s fee from Calvert Mortgages if you let them know that you heard about them through House Deals GTA