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Updated about 9 years ago,

User Stats

30
Posts
5
Votes
Pete Ackers
  • Ottawa, Ontario
5
Votes |
30
Posts

Investors Needed

Pete Ackers
  • Ottawa, Ontario
Posted

I am just starting out in my real estate career and would need financial help with regard to purchasing an 11 unit fully rented apartment building. I have spoken to the agent who is assisting the buyer with the sale and have more info regarding this purchase.

I would be buying it for myself as a improved source of income but need help with financing. I do know that it is NOT listed on MLS. It is FSBO, with no outstanding mortgage and all payments are current. Also the numbers I have are from 2010 and that the property value has increased since then. I was advised by the agent that the rent amounts could be increased quite a bit without any problems. The agent said it was primarily a cash sale purchase, but he thinks the owner would be ok with financing

I would appreciate any help especially with funding to be able to purchase this building. It would make an awesome start to my Real Estate career and open the doors for future deals. So if anyone on BP is willing to help me fund this deal it would make a huge difference in my financial picture.

Looking froward to hearing the feedback, and if there are any questions drop me a message here and I will get back to you quickly.

Pete

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