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Updated almost 7 years ago, 01/11/2018
Buying first property with legal basement suite
Hi everyone,
I’m planning on buying my first property with a legal suite. I’ve been looking for the last 4 months and I think I finally found one that I’m interested in, it’s a duplex (only buying one side) in a newly developed area. I’m planning on living upstairs and renting out the basement. That way I can get a feel for how it’s like to mange a property. I checked the numbers and seems like a good deal. Gonna put an offer soon
I was looking for a feed back if it’s a good idea or not? Or any advices on due diligence and duplexes, or stories of similar situations
Thanks