Inside a Unique Investment Opportunity in Windsor Ontario

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  • čas přidán 8. 09. 2024

Komentáře • 3

  • @swilhelm3180
    @swilhelm3180 Před 2 měsíci +1

    You two are very impressive working together. Not easy for anyone. But what would make it better is if you mentioned in the beginning what each of you is more interested in. Real estate is vast and it really helps in a team if each focuses on different areas.
    You both speak clearly but there is still a pronounced accent so you might want to turn the music down a bit. I'm a native English speaker listening with a high quality audio system. Others aren't so lucky and will miss some of your words with that music on or at that level.
    Mentioning the revenue is so good. Canadians need to wake up to the smart choice of renting out part of their house. Taking this way further one could chop up the house into small rooms of about 100 sq ft each and probably get at least $500/month from each resulting in far higher revenue, especially if the basement is done this way. Speaking of basements, if zoning allows for another entrance that is so good and should be mentioned. Most Canadians zoning laws are unfortunately extremely restricting. Renting this way works better if the owner is in a different part of the house or different floor. It's a lot easier if the owner is single as well. Women can rent to all women so there's no need for women not to embrace this very smart way of paying off your mortgage fast. Like in 5-10 years. If you're working at a decent job then it could be 3 years. Most Canadians seem to be very bad at math and don't realize the insanity of paying as much interest as you paid for the house!
    I can see you have a very pragmatic view of money. Real Estate in Canada, especially for residential, needs your way of thinking so much more. Canadians often buy on impulse and this is a horrendous mistake they pay for their entire lives.

    • @saifandsarah
      @saifandsarah  Před 2 měsíci

      Thanks for your comment, we really appreciate the positive feedback and we will work on your suggestions 🙏🏻

    • @swilhelm3180
      @swilhelm3180 Před 2 měsíci

      @@saifandsarah I do wonder when the construction industry will wake up to rental revenue as the best way of getting ahead financially so houses would be constructed so the owner lives in a small percentage of the space and the rest is just chopped up into smallish, well soundproofed, 100 sq ft rooms rented to individuals with no space wasted in living or dining rooms, rec rooms, media rooms, home office, library, etc. In most non high demand areas that translates to about $500-600/month for each room. So just a medium sized basement could bring in $5000 a month. Then the main floor could be about $4000 as it would have a little more floor area as the furnace/hot water heater and laundry would be in the basement, but would need to house the kitchen and bathroom(s). And the owners could live on the top. Think of what $9000/month could do to a mortgage. And this could happen in a $300,000 house in most towns/cities of the country. The whole market is asleep to this potential. Zoning laws may need to be stretched a bit though....:) Helps if your tenants don't drive and are ultra quiet coming and going.