| Author | Message | ||
     Nanigadu Hero Username: Nanigadu Post Number: 12266 Registered: 02-2008 Posted From: 32.97.110.58 Rating: N/A |
oh OK good to know | ||
| Turumu Junior Artist Username: Turumu Post Number: 145 Registered: 10-2013 Posted From: 99.244.117.177 Rating: N/A |
yes, was in barie and now in scarbarough, will be going back to US this month end | ||
| Nanigadu Hero Username: Nanigadu Post Number: 12265 Registered: 02-2008 Posted From: 32.97.110.58 Rating: N/A |
@Maple :  | ||
| Maple Junior Artist Username: Maple Post Number: 16 Registered: 03-2014 Posted From: 69.17.145.42 Rating: N/A |
IP ahh  | ||
| Nanigadu Hero Username: Nanigadu Post Number: 12263 Registered: 02-2008 Posted From: 32.97.110.58 Rating: N/A |
yeah figured that  | ||
| Maple Junior Artist Username: Maple Post Number: 15 Registered: 03-2014 Posted From: 69.17.145.42 Rating: N/A |
No not in GTA, totally different city | ||
| Nanigadu Hero Username: Nanigadu Post Number: 12262 Registered: 02-2008 Posted From: 32.97.110.58 Rating: N/A |
@Maple:East of toronto nice good to know, i am in GTA too, in Richmond Hill do you work in downtown? | ||
| Maple Junior Artist Username: Maple Post Number: 7 Registered: 03-2014 Posted From: 69.17.145.42 Rating: N/A |
Central east Ontario - East of toronto | ||
| Nanigadu Hero Username: Nanigadu Post Number: 12260 Registered: 02-2008 Posted From: 32.97.110.58 Rating: N/A |
@Maple: Yeah me too... mee id chusthey doubting vocchindhi, where in Canada | ||
| Maple Junior Artist Username: Maple Post Number: 5 Registered: 03-2014 Posted From: 69.17.145.42 Rating: N/A |
Yeah | ||
| Nanigadu Hero Username: Nanigadu Post Number: 12259 Registered: 02-2008 Posted From: 32.97.110.58 Rating: N/A |
Turumu & Maple: meeru canada lo vuntara? | ||
| Maple Junior Artist Username: Maple Post Number: 4 Registered: 03-2014 Posted From: 69.17.145.42 Rating: N/A |
If your friend hasn't already done so, ask him to request for a FIRE Incident report from the current owners which is usually issued by the City of Vancouver | ||
| Turumu Junior Artist Username: Turumu Post Number: 144 Registered: 10-2013 Posted From: 99.244.117.177 Rating: N/A |
You mentioned that the property was renovated after the Fire right? so they must have taken care of those issues in that process. Anything at all they will definitely find them in the inspection and if he is still suspicious about it then your friend can follow up with the city and see if he can get a copy of the Fire report and to what extent the damage was. Yes, its completely renovated, he went and saw the property. he will get it inspected with certified inspector also.. his only worry is later at some point he will see it, will this fire damage affect the pricing even though it didnt happen wehn the property is under him | ||
| Turumu Junior Artist Username: Turumu Post Number: 143 Registered: 10-2013 Posted From: 99.244.117.177 Rating: N/A |
insurance should take care of any future incidents and your friend should buy insurance if he is going to take next steps.. if the decision is related to sentiments, it should be personal decision and they shouldn't seek other's inputs ani naa feeling.. yes, insurance is must.. he doesnt have sentiments. if he take the property, will this affect pricing when he want to sell may be after 4 to 5 years? | ||
| Maple Junior Artist Username: Maple Post Number: 3 Registered: 03-2014 Posted From: 69.17.145.42 Rating: N/A |
You mentioned that the property was renovated after the Fire right? so they must have taken care of those issues in that process. Anything at all they will definitely find them in the inspection and if he is still suspicious about it then your friend can follow up with the city and see if he can get a copy of the Fire report and to what extent the damage was. | ||
| Casino Side Hero Username: Casino Post Number: 4301 Registered: 01-2012 Posted From: 198.46.98.228 Rating: N/A |
insurance should take care of any future incidents and your friend should buy insurance if he is going to take next steps.. if the decision is related to sentiments, it should be personal decision and they shouldn't seek other's inputs ani naa feeling | ||
| Turumu Junior Artist Username: Turumu Post Number: 142 Registered: 10-2013 Posted From: 99.244.117.177 Rating: N/A |
Is the property coming empty or with current tenants? is this a commercial property? 30K antey sounds like a residential. if it comes with current tenants then they go have to redo the leasing documents. And if it is commercial most of the times they have to bear the lease holdings. Realtor would be the best bet to advise on the price based on the location, and a home inspection is a must so he can negotiate the price based on the inspection outcome. Yes, its residentiall investment property..he will get it inspected if he takes it before closing.. He has option of taking it with tenants,, they can change the leasing under his name or he can get vacant property.. he is only thinking of any liabilities about fire accident which happend 6 months back.. do you think he is worry about it? | ||
| Turumu Junior Artist Username: Turumu Post Number: 141 Registered: 10-2013 Posted From: 99.244.117.177 Rating: N/A |
correct. basically it has a potential to generate 60k/year kadha (including his rent).. he will be able to recover his investment in 12 years or so.. plus maintenance etc in 2 years after that.. good investment.. house values canada lo YOY entha %age perugutayyi? yes.. with in last six months 6 to 7% perigayanta prices | ||
| Maple Junior Artist Username: Maple Post Number: 2 Registered: 03-2014 Posted From: 69.17.145.42 Rating: N/A |
Is the property coming empty or with current tenants? is this a commercial property? 30K antey sounds like a residential. if it comes with current tenants then they go have to redo the leasing documents. And if it is commercial most of the times they have to bear the lease holdings. Realtor would be the best bet to advise on the price based on the location, and a home inspection is a must so he can negotiate the price based on the inspection outcome. | ||
| Casino Side Hero Username: Casino Post Number: 4299 Registered: 01-2012 Posted From: 198.46.98.228 Rating: N/A |
correct. basically it has a potential to generate 60k/year kadha (including his rent).. he will be able to recover his investment in 12 years or so.. plus maintenance etc in 2 years after that.. good investment.. house values canada lo YOY entha %age perugutayyi? | ||
| Turumu Junior Artist Username: Turumu Post Number: 140 Registered: 10-2013 Posted From: 99.244.117.177 Rating: N/A |
so, ippudu mee friend vundamu anukutunna unit will generate another 30K if he lives some where else? right? NO, he will reside in 1 unit and other unit will get 30k rental income | ||
| Casino Side Hero Username: Casino Post Number: 4298 Registered: 01-2012 Posted From: 198.46.98.228 Rating: N/A |
so, ippudu mee friend vundamu anukutunna unit will generate another 30K if he lives some where else? right? | ||
| Side Hero Username: Reddit Post Number: 2820 Registered: 05-2013 Posted From: 122.175.4.200 Rating: N/A |
oops adhi income aaa i thought something else | ||
| Turumu Junior Artist Username: Turumu Post Number: 139 Registered: 10-2013 Posted From: 99.244.117.177 Rating: N/A |
30k per rent income per year if he buy the house | ||
| Casino Side Hero Username: Casino Post Number: 4297 Registered: 01-2012 Posted From: 198.46.98.228 Rating: N/A |
670K petti konte, 300K income/year expecting chestunnara bhayya? | ||
| Side Hero Username: Reddit Post Number: 2819 Registered: 05-2013 Posted From: 122.175.4.200 Rating: N/A |
oka 0 miss ayyindha? | ||
| Turumu Junior Artist Username: Turumu Post Number: 138 Registered: 10-2013 Posted From: 99.244.117.177 Rating: N/A |
all, my friend who is in Vancouver is in dilema to buy a investment property. here are the details. please provide any suggestions he was planning to buy a duplex house($680k) with income of $30k per year(he can live in one floor still he get $30k). he gave an offer but before closing in 2nd floor kitchen got fired. so he dropped his plan. now, the same property is in market with $760k. he took a look at the property and entire building was renovated. he is thinking of taking the property. he just called me asked my opinion. i said take it as long as no issues(he will do inspection before taking). if he take the property is he liable for anything? Please share your thoughts |
