Do you like building basement Suites ... for Cash Flow?

... looks like a deal - that I found on MLS today. MLS #C3306939

Here's a bungalow priced at fair market value ... where the seller is willing to finance 100% of the value ... less the $25,000 he is asking you to come in with.

Install a basement suite ... and voila ... you got cash flow. (... albeit it will be illegal - as this is a R1 property.)

I haven't seen the property yet ...

If you are interested, or know someone who said 'let me know if you find a deal' ... this could be it.

This is a deal for someone who:
-find the process of qualifying for a mortgage troublesome;
-cannot qualify for a mortgage;
-prefers "low cash" down.

-... thinks that Calgary real estate will continue to appreciate in value.

The 'deal' here ... is the vendor financing ... at fair market value.
The strategy ... a LONG TERM hold.

If you have the skill, or the team, to install a basement suite ... then this could be for you.