An Income Property Prescription
Episode HINPR-305HSee all Episodes
January 29, 2013
3:00 PM e/p
Laura & Pete bought their heritage home five years ago. Since then, they have been struggling to pay their mortgage each month, which consumes 50% of their income. The home came with a finished basement, and had previously been used as a chiropractor's office. Laura saw the space as a place she might one day run her own homeopathic practice from, but in the end decided she would like more separation between work and home life. Laura and Pete believe the space could be transformed into a great apartment in their hip neighborhood and could reduce their monthly mortgage payments by half. But with working 6 jobs between the both of them neither has the time to get the project started, never mind finished.