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Rehabbing & House Flipping

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Daljeet S.
  • Investor
  • Brampton, Ontario
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80,000k profit on 200,000k loan

Daljeet S.
  • Investor
  • Brampton, Ontario
Posted May 26 2016, 14:23

Hello,

This is my first post on this forum. I have been an investor since 2009, with 2 rental properties, a condo Downtown, Toronto (under construction) and 2 acres of land. I am looking to fund a loan for a development company owned partly by my brother, who is offering 80k return on a 200k investment after 2 years. 

Is this a good deal? What other way can I use this 200k (which I am pulling out as a LOC on my existing properties and paying 3.2% interest), to use in buying or buying/renovating/flipping multiple properties on a full-time basis in the states?

Thank you.

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