All Forum Posts by: Nabil A.

Hello, everyone, 

This is my first post. I am planning on purchasing my first rental and need some opinions about the following property: - Built 1920 very well located in downtown Hull very close to Ottawa (Canada). Evaluated at 345K by the City. Gross income 55K rented heated and lit. I am very concerned about the age of the building as my plan is to buy and hold for passive income, would that be an issue? knowing that the cap rate is 5.5% at asking of 599K. 

Thanks in advance for the help,