Hello all,
So Robyn and I purchased a house last week. We started looking early one afternoon and had made am offer and it was accepted by early evening.
The house is a 3 bedroom upstairs with a one bedroom with a den suite in the basement. A double detached garage is also on the property.
As of Sunday morning, we have rented out the basement suite to a couple and there small child for $800/month, and each side of the garage for 150/month each. This gives us a total rental income of $1100/month and our mortgage is only 1150/month.
Overall I think that Robyn and I did very good in purchasing our house at the time we did as well as getting as much out of it as we did. With our rental income, we will be able to save a lot more money.
This was my first serious blog from my iTouch. I should have more time to post as I an posting right now from the breakroom.
