21:45
Income Property
Steve
December 22, 2008
When Steve was searching for his first home, he knew exactly what he wanted: a triplex that would bring in double the rental income. For the past four years Steve has successfully rented out two units, but now his mortgage is up for renewal and in this credit crunched economy, it is estimated that tax values will increase on average by 20%. On top of this, Steve is renting out his basement unit well below the market value. Steve needs Scott’s help to update his basement suite to help offset his increasing mortgage and taxes.
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Income Property
Real Estate Investor and Contractor, Scott McGillivray, leads buyers through the renovation of their first income property.