The Victoria Real Estate Investing Group (REI) Message Board › PRE-FORECLOSURE!!! Cash Buyer wanted for great opportunity
I have access to an 1800 square foot house on an 8200+ square foot lot in Langford. The house will need to about $10,000 in remediation work to regain the occupancy permit, and some updating. Comparables without a suite are selling for around $450k, and with a suite in the high 4's.
I do not have a price on this property yet but expect it to be in the mid-high 300's. This must be a cash buyer situation due to the lack of an occupancy permit. Financing will not be available.
This is a great flip opportunity, that needs to be put together by the end of day on the 23rd (tomorrow).
If you are interested send me a note ASAP or better yet give me a call. This house is NOT on the market yet.
Cornerstone Properties Ltd.
Edited by Josh Prowse on Feb 22, 2010 2:56 PM