General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated 18 days ago,
Fourplex addition in Ontario Canada
I am considering building up on my fourplex. 2 additional units. The cost would be about 500k about $250k cheaper than it would be to buy another duplex property in my area. I will likely get approval based on my zoning. The footings support an addition. I would be taking equity out of the property to build. I am debating the move and would like to know the downsides I might be overlooking. Currently the building runs well, good tenants who are below market rent but there is harmony and dependable cash flow. Thoughts?