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Old 05-05-2004, 08:19 AM
moe.ron moe.ron is offline
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Real Estates Questions

Me and few friends are thinking about buying a couple houses around our old stomping ground. Now, I have a few questions for those in the knows:

1) How % would we expect to pay for downpayment on a mortgate?
2) What kind of taxes are we expected to pay?
3) Should we form a corporation?

We found a house that is about 1 mile from campus. Will that be too far. It is only a few blocks from the Elmwood Strip (a long stretch of coffee houses, bars, restaurants, etc.)

Here is the pic of the house we are looking at:



It is a two unit house with the agent asking for $289,999. We are trying to get a mortgage for around $350,000 so we can renovate the house.
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