Real estate blog entries tagged with income property by Jay Peterson (RE/MAX Real Estate Services)

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Home : Blogs : Jay Peterson : Jay Peterson's Blog : Tag "income property"

income property: Tips for Turning a First Home Into an Income Property - 08/05/09 03:48 PM

For the past ten years, Scott McGillivray, a 30 year old real estate
entrepreneur, has made a living by transforming houses into income
properties. Today, he manages 18 properties with over 100 tenants and here
he shares his top tips for creating legal income suites that will help you offset
your rising mortgage payments.
1. Make sure it’s worth it
The cost of renovations has to be able to pay itself back within two years
rent. Scout out local markets or get a professional opinion.
2. Tag team, if you can
To use a cliché, two heads are better than one, … (0 comments)

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Jay Peterson

Vancouver, BC

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RE/MAX Real Estate Services

Address: 410-650 W 41st Ave N Office Tower, Vancouver, BC, V5Z 2M9

Cell Phone: (604) 512-8899

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