Quote:
Originally Posted by Alpine
U guys posting renovated homes to cram buddy guys in? Wtf is wrong with y’all.
You buy a place that’s already trashed.
|
You live in one unit and rent out the other 2. Your mortgage will be only around 2k a month.
My buddy bought a house in Langley 8 years ago when he was getting married. Cost 780k. Nice house but the only way they could afford it was because it had 2 suites. The house has more than doubled in price and the rent has done similarly. His 2 suites now pay his mortgage. His plan now is to use his wife as a first time buyer and buy a second smaller older house with one suite. Reno the house and move there. The rent from his old place and the suite will pay the mortgage on his new place.