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Income Property: Rob & Heidi

Episode Theme: Fostering Independence

Rob and Heidi need an apartment in their basement to help transition their foster kids into adulthood.

Design Theme: Boyz II Men

The Numbers

Purchase Price: $525,000

Realtor Appraisal: $775,000

Increased Property Value: $250,000

Chosen Renovation Option: $70,000 – Spacious two bedroom apartment with open concept living/dining with linear kitchen. Possible rent of $1100 per month.

Alternate Renovation Option: $85,000 – Spacious three bedroom apartment with open concept living and separate laundry. Possible rent of $1400 per month.

Estimated Monthly Rental Income: $1,300

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