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Updated about 9 years ago,
We own a property in Hamilton, Ontario. Need investor Ideas
Hello,
My wife Tami and I own a property in Hamilton, Ontario. There is quite a bit of equity in the property. It is almost paid off, still owe about $18,000.00.
Property the way it sits I am being told is worth around $150K, but it needs repairs. Rehabbed, it could be worth $250K. I know it needs a roof, new kitchen, bathrooms. I live down here in Florida and it is difficult to manage a rehab from down here.
I am trying to put together potential deals or find and investor, maybe a rehabber to partner with us on the deal and when we sell it after rehab, we split profits.
It has been rented for 19 years by the same renters. They unfortunately don't have the means to purchase it or have enough down to make it a good Lease-Option deal.
Please reply when you can and thank you in advance.
To our Success!
JC