How about your mother stays in her home, you move in to one of the rooms not being used.
Help her as needed in the house and there is no need for her to leave.
Plus you get extra quality time with and for your mother.
1. A-55%, B-20%, C-25%
2. A-40%, B-20%, C-40%
3. A-65%, B-20, C-15%
4. A-50, B-20%, C-30%
Estimates, mainly as there no mention of property value. The higher the value the less C gets except when owns the land.
It's a good deal subject to building being in an ok-good condition and ok-good rental area with AT LEAST 2 good PMs in the city or better. Estimated CAP = ($6876-$2000*)x12/$597,000=9.8%
*2000 because unfortunately few items like vacancy, repair, maintenance, management insurance etc. are not...
Thanks Sherilynn for the feedback, especially in a long term hold sounds like ceramic tile just makes sense in any area/age as in addition to all the advantages mentioned, it is also expected to cost less per year as lasts much longer(!)
Sincerely, Nir
John Parkin from Amerispec call 905-895-0255 or 705-722-5876 . I worked with him a few times he is very good!
I remind all inspectors to bring moisture meter, and confirm they provide estimates.
Do you want RE to be more 'stock-like' or less? if more, let foreign investors buy freely. do you prefer slow more sure growth or faster riskier one per time or work put? the preference is personality related more than anything. Sincerely
Is this 20K or 25K simply added to the mortgage loan/principle amount with same condition (interest and amortization)? OR does the mortgage plus improvement proogram usually include 2 separate loans - mortgage and improvement with different amortization and interest? Thanks & Regards, Nir