Hello all,
I am considering buying a Duplex. I live in southern Ontario. I am totally new at this and would like any input you can provide. I will be living in the Duplex and renting the other. I was wondering about things like..
1) Risks, things to watch for in purchasing a Duplex, getting a Tenant, Credit Checks (how to) and if necessary
2) Important tenant laws (I have skimmed the Residential Tenancies Act) any other links for important information.
3) Where to get a GOOD Lease Agreement contract
4) What can be claimed on income tax as a write-off and how much should I expect %wise on net income after tax deductions
5) General tips form you wise and experienced people :)
Thanks everyone!
I am considering buying a Duplex. I live in southern Ontario. I am totally new at this and would like any input you can provide. I will be living in the Duplex and renting the other. I was wondering about things like..
1) Risks, things to watch for in purchasing a Duplex, getting a Tenant, Credit Checks (how to) and if necessary
2) Important tenant laws (I have skimmed the Residential Tenancies Act) any other links for important information.
3) Where to get a GOOD Lease Agreement contract
4) What can be claimed on income tax as a write-off and how much should I expect %wise on net income after tax deductions
5) General tips form you wise and experienced people :)
Thanks everyone!