Ottawa Real Estate Investors Organization

Folks,
Got this connection through my cashflow group.
I have what is classically termed a "motivated seller". I don't have the details except to say he needs to sell these soon for whatever reason.
Please perform your own due diligence on all properties. I have rough numbers for income/expenses. Given the rental income and the price, at today's rates & 35 year AM, these should cashflow nicely. Mortgage should be less than $400/mo. You should be able to squeeze out $50/mo/door.

In terms used in the cashflow game, these would be an ideal "small deal" similar to a 2Br/1Ba. Buy them, hold them, refinance in a few years, pul out some equity. Repeat.

here is a link to kijiji ads he has out there to give you a better sense
Hawkesbury:
http://toronto.kijiji.ca/c-housing-housing-for-sale-GTA-Investors-Great-...
Chatham:
http://toronto.kijiji.ca/c-housing-housing-for-sale-GTA-Investors-Owner-...

For more info, contact the seller directly via Kijiji or email me and I will provide the spreadsheet & contact info sent to me.
Be sure to do your own comparables for value. Make him an offer.

Be sure to tell him where you got the info.

Cheers,
JRW

John R. Walsh, B.Eng
Mortgage Agent with Mortgage Alliance
Licence Number: M08000603
"Without referrals, I would not be in business."
Founder of O.R.E.I.O. www.oreio.org

613-237-7044 x148
888-474-0137 (toll free fax)

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