Quick flip

This flip was done back in 2000 when I still had a ‘day job’ so my time was very limited.

I met a lawyer on another deal who wanted to sell two units for his client, I put it under contract and before the closing date found another buyer who purchased it for $10,000 more than what I had agreed to pay for it.

Lawyer performed what is called a simultaneous closing whereby all I did was show up at the closing and collect my cheque.

I don’t advocate these kinds of deals because of the tax implications but at that time I didn’t know any better.

Property Details

Address:
33 Uplands Dr.
City:
Ottawa
State:
Ontario
Terms:
For Sale
Property Type:
Townhouse

Call 866-606-6841 for more details

Property Location

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