$220,000 Foreign National purchase of a vacant apartment building

Posted by in Brian's Blog, Recent Closings

Again, another group of Canadians are buying a small vacant apartment building. Although this one has no rehab money in it, we often can get the rehab money as well. We can take the purchase price, plus the rehab and costs and loan 60% of the entire deal. People are tapping this especially with apartment complexes to tap the booming apartment market. Once they get it renovated and rented up, the profits can be north of 100% on their money using our leverage, ­sweet returns!