All Forum Posts by: Account Closed

Thanks for the feed back guys I will consider those points

The mortgage will be on a five year fixed term with 3.5% interest rate

Thanks Andrew, so the listing price is $540,000 I’m planning on offering $517000, the basement is renting for $1200 currently. Financing wise I’m putting 20% down payment. The house was built in 2014, so it doesn’t require any maintenance. There aren’t any HOS fees

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