CALGARY & AREA SUITED BASEMENT LISTINGS
Suited Homes in Calgary can Provide Excellent Monthly Cash Flows!
Many property owners enjoy the nice positive cash flow provided by purchasing a single family home that has been altered to include a separate secondary basement suite. You can live upstairs, while renting the basement suite out to a tenant. This will supplement your mortgage payment. This is ideal for a first time home owner who wants to reduce their monthly mortgage contributions.
If you are an investor who is looking to buy a suited property for revenue purposes, this is a perfect way to maximize cash flow on your real estate investment. Here are a few advantages to buying a suited basement home for investment purpose.
- Revenue is maximized due to having 2 tenants or renters in the same home. Typically, Calgary basement suites will rent for $1,000 – $1,500 / month and main levels will rent for $1,500 – $2,000 / month. This should generate great monthly cash flow!
- Risk is minimized by having 2 renters. Typically, separate tenants will not vacate at the same time. This results in constant income, even if only 1 space is rented out.