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Updated almost 7 years ago on . Most recent reply

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25
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1
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Alshan San
1
Votes |
25
Posts

Opinions on first rental unit (mfh)

Alshan San
Posted

Looking to jump in and have found a unit I'm interested in, it's in a small Canadian town exactly 30 minutes away from a major Canadian city. Unit one has three bedrooms, a bathroom, and rents for 1100 Canadian (roughly). Unit two has two bedrooms, a bathroom, and rents for 800 Canadian (roughly). It's a side by side duplex and is in decent shape, new roof 10 years ago and new propane furnace couple years ago. Asking roughly 210k but seller is very motivated. I'm in a unique position as I don't deal with loans and interest due to personal reasons so this would be my first and main investment for atleast ten years until I save enough to find another. Thanks 

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