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Income Property
Heather
November 17, 2008
Heather is a teacher who bought a newly renovated bungalow with a 'ready to rent' two-bedroom basement apartment but a home inspection revealed some minor fixes for which Heather set aside over $20,000. Unfortunately, it turned out that nothing was to code. Minor fixes turned into a complete rewiring of the entire house, costing three times more than she had planned for. Heather needs to finish the basement just to get her money back. She needs the income from a rental suite in order to even consider keeping her house.
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Income Property
Real Estate Investor and Contractor, Scott McGillivray, leads buyers through the renovation of their first income property.