- Joined
- Sep 14, 2007
- Messages
- 14
We have a single family home in Calgary that tenant is interested in buying when present mortgage comes up for renewal in March 2012.
Present cash flow is positive $75-$100 month with rent of $1800. Mortgage PIT $1683
Value of house about $410000-$420000 mortgage balance about $348000.
What is best way to sell. AFS, Option? What would a reasonable amount be to ask for as a deposit?
Tenant has been in unit for a year and has been very good no issues.
Present cash flow is positive $75-$100 month with rent of $1800. Mortgage PIT $1683
Value of house about $410000-$420000 mortgage balance about $348000.
What is best way to sell. AFS, Option? What would a reasonable amount be to ask for as a deposit?
Tenant has been in unit for a year and has been very good no issues.