$249,000
May 22nd, 2011 | | E-mail this blog post to a friend
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Greater Fool – Authored by Garth Turner – The Troubled Future of Real Estate
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The views expressed are those of the author, Garth Turner, a Raymond James Financial Advisor, and not necessarily those of Raymond James Ltd. It is provided as a general source of information only and should not be considered to be personal investment advice or a solicitation to buy or sell securities. Investors considering any investment should consult with their Investment Advisor to ensure that it is suitable for the investor's circumstances and risk tolerance before making any investment decision. The information contained in this blog was obtained from sources believed to be reliable, however, we cannot represent that it is accurate or complete. Raymond James Ltd. is a member of the Canadian Investor Protection Fund. |
2 comments ↓
Hi Garth,
I have been wondering about properties that are multi-use and so this most recent posting raises my question again…we have a house in Victoria that we are getting ready to sell. We purchased the house because it has a suite on one half of the bottom floor and the other half is set up to be able to have a home based business…we are both Massage Therapists. We currently rent out the suite for $750 which is half of our mortgage costs. If we move part of our existing clinic to our house, we can then rent the shifts at our clinic out to other therapists. Do you think this sounds like a good enough arrangement to warrant keeping our house? We have no problem selling and renting for a while as we did buy as the market was topping out 3 years ago and won’t feel good if our house ends up being worth less than what our mortgage is…looking forward to your insight.
so how much are the units being rented for? what are the monthly costs overall. does their rent including heat, hot water and or lights, etc? How much can I safely get as return on my investment. Thinking opf buying and moving right now.
I gave you the contact info. — Garth
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