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$4000 Down Payment to $400,000 Equity in 4 years - A Real Estate Journey

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BMW Langley

6025 Collection Drive

Langley, BC V3A 0C2

Canada

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David Ford, Director of a Mortgage Brokerage in Vancouver purchased his first condo for $80,000 in 2014 with 5% down payment ($4025) - He then fully renovated and sold for $135,000 and took the profits and purchased two more condos for $80,000 each, approximately a year later. After fully renovating both of those units he sold one for $183,000 and the other for $180,000. He then took the profits from those sales and in July of this year he purchased a townhouse in Vancouver for $905,000 putting 20% down and he is planning another full renovation. The appraisal of the home "as if renovations were completed" is $1,260,000, thus creating an equity position of over $400,000.
Join David and his team with their business partners Tamara Baltic and Paula Fiteni at RE/MAX for an evening discussing how to purchase your first home and create equity through IWANTTOOWN's Renovation Program.

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BMW Langley

6025 Collection Drive

Langley, BC V3A 0C2

Canada

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