Hi Folks,
I`m looking at a deal in the Hamilton area and currently it does not meet the fire codes required for a Triplex. Couple of questions:
1. Should I move forward with the deal and deduct the cost of conversion from the purchase price? or should I have the seller take care of that before going forward?
2. If I was to deduct the conversion cost from the purchase price, how much should I deduct? what will the cost of converting be for me in the future or even now?
Your feedback is greatly appreciated.
Thanks,
I`m looking at a deal in the Hamilton area and currently it does not meet the fire codes required for a Triplex. Couple of questions:
1. Should I move forward with the deal and deduct the cost of conversion from the purchase price? or should I have the seller take care of that before going forward?
2. If I was to deduct the conversion cost from the purchase price, how much should I deduct? what will the cost of converting be for me in the future or even now?
Your feedback is greatly appreciated.
Thanks,