All Forum Posts by: Stephen Macrae

Ya, an inspector should see something too

It’s also a college rental property

It is finished inside. There’s a bedroom and bathroom along that wall

Hey contractors, what’s your first reaction when you see this on the foundation? Is it fixed? Is it a patch?

is this from previous flooding?

Any advice would be helpful

That's a good idea! I wonder if putting in a half decent bid and if theres issues with the foundation I either back out or ask for 25k less?

Hi guys, In was just wondering if any of you would purchase a college rental with no property disclosure statement? It's in fairly good shape, but I'm worried about previous flooding/issues. I plan on getting a home inspection.

Hi guys,

I’m looking at buying and expanding a rental. The house is quite big with a great size lot for exspansion. It’s currently split into 3 rental units. 1 small garage apartment, top floor unit and basement unit. My idea is to expand the garage, expand the main floor and split it into a duplex style, then keep the basement as is. 

I’m wondering if it’s worth it? 

Are Reno’s more expspensive then a new build? (Which is what i was thinking)

I like one level duplexes and i think having a one level triplex is even better idea! The land is already there. The water is already hooked up. I just think knocking down walls is a lot of extra work compared to a new build. 

Thanks

Hi guys,

first post here. I was looking for some information on whether to build a duplex to rent and create passive income or just buy existing? What’s the pros and cons?

I think with a new building there’s less maintenance surprises. 

I just don’t know if it’s worth it. Is there any tax deduction for building like there would be for flipping?

I’m a new investor and was just looking for feed back.

thanks