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If the realistic sale price is $300k & he will sell to you for $285k since he has no R/E fees to pay, then, yes, it could be good. But I stress that you really should research it well first.

You will incur Stamp Duty, no way around that. Is this unit a good investment? The yeild is below 5%, so I wouldn't touch it, but then, I don't much like units either. Is the price realistic, or is your brother just hoping this is the price he will get? What has been the selling price of...