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Authentic You posted:My dad keeps encouraging me to buy a house here (even though I'm loving broke), and that the way to do it is to buy some hulking Victorian that's been chopped up into apartments so that I could have built-in tenants to pay down the mortgage, and then boot them out one by one as reabsorb the divided units and restore the house to its former glory. I mean, I want a cool old house, but I don't know if I want to deal with tenants while trying to restore it. In the city that I'm in, the Victorians sit on prime condo/apartment land, but cannot be redeveloped due to heritage rules. What many people have done is divide them up and rent them to undergrads. In a few years, they are so beyond repair that they lose the heritage status and the owner can do whatever they want with the property. Maybe this is what your dad wants?
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May 17, 2013 16:22
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| # ¿ May 9, 2024 02:02 |
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