14 March 2020 | 3 replies
Earlier this year we were looking at multifamilies closer to Cambridge to make my commute a little easier, but we eventually decided to stay in Worcester since the numbers made more sense (we are closing on a duplex next Friday).
15 March 2020 | 9 replies
With the cancelations, we are converting our properties to mid-term rentals and filling them with Travel Nurses in the near term, the hospitals near us are staffing up.
9 September 2020 | 32 replies
guessing eventually us$ will go back to where it was & then your property will be worth more.
15 March 2020 | 10 replies
at the moment, I have zero bookings for the year, of course means no cancellations, I converted most to long-term rentals.
17 March 2020 | 7 replies
Life will eventually resume.
14 March 2020 | 0 replies
It should easily convert to a rentable 1BR/1Bath unit.
16 March 2020 | 12 replies
Your brother came and looked at the place Courteney and I just got under contract and we plan to convert the garage into an ADU.
11 April 2020 | 7 replies
We have several that eventually want to syndicate themselves...
17 March 2020 | 3 replies
I remember when I got mine a few years back and very soon after was very fortunate to be able to secure my first home :)I, personally, would pick between options 1 and 3.Option 1:Pros: You'll have a bigger space that you can eventually redeem for yourself if you ever need it, and allows you to ease into investing by house hacking.It might be easier to get financing for another place in the future if you already have a lease in place for the current location and can show that rental income already coming inCons: Only the portion that you live in could be looked at by CRA as a primary residence and if you do sell at some point, you'd be liable for the capital gains tax on the part that was being rented out (https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-return/completing-a-tax-return/personal-income/line-127-capital-gains/principal-residence-other-real-estate/changes-use/changing-part-your-principal-residence-a-rental-business-property.html)Option 3:Pros:Allows you to have your own space, and understand the nuances of condo living prior to getting a second condominium propertyAllows you to experience some condo living as well as be able to save up waiting for the pre-construction property to closeCons:HST on the pre-construction property (Unless you decide to move into it when it's done)