How To Do A Legal Second Suite Conversion? (Duplex Conversion) | A Beginner's Guide

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  • čas přidán 25. 07. 2024
  • In this video Andy Tran breaks down how to do a Legal Second Suite Conversion (Duplex Conversion) into 8 easy steps you can follow.⁠ Converting single family homes to contain second suites is an excellent strategy to create immediate cash flow and boost long term value. Doing them legally ensures that you remain in good standing with the City and your community. More importantly, it ensures that they are safe, well-built, and healthy places to live.
    The 8 steps outlined in this video are:
    1. Get your finances In order
    2. Find your ideal property
    3. Place an offer to purchase
    4. Pre-closing preparations
    5. Permit drawings & applications
    6. Construction & renovations
    7. Post renovation procedures
    8. Occupancy & long term strategy
    Andy Tran has designed and consulted on over 250 second suite conversion projects in Ontario, in over a dozen cities. Many of these were investment properties designed to maximize ROI and cash flow as rental units.
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    Download Our NEW Garden Suite Guide and a copy of our 8 - Point Checklist & Second Suites Beginners Guide.
    📚 👉 www.suiteadditionspro.com/garden-suites
    Hire Us For Your Project! You can always hire us for a Zoom or in-person consultation for your suite conversion, or hire us to help you with your suite design and permit drawings. (Consultation fees can be credited towards any design and permit package you choose to pursue. So it's a win-win!)
    ✉️ 👉Connect With Us: www.SuiteAdditions.com/contact
    Want to learn how you can Buy, Renovate/Build, & Rent Second Suites & Garden Suites? Gain the knowledge & experience from our 300+ Second Suite Projects and start profiting immediately!
    📚 👉Signup for our Training Program: tinyurl.com/2unfy38j
    IMPORTANT* This guide is intended for informational purposes only. DO NOT rely on the information in this guide for any real estate transactions. Since every property is unique, you must perform your own due diligence with the City and with a professional consultant. Suite Additions Inc., and its affiliates are not liable for any loss as a result of information you receive in this guide.
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Komentáře • 7

  • @basementcoach
    @basementcoach Před 3 lety +4

    A lot of people need what you’re doing. Giving the real costs is a real plus. Great stuff.

  • @tomhall3669
    @tomhall3669 Před 2 lety +1

    This was very helpful- thank you Andy. The merits of making it "legal" was great to hear

  • @rickymagicanada
    @rickymagicanada Před 3 lety +2

    Fantastic content Andy. Thank you

  • @ajanshrestha
    @ajanshrestha Před 2 lety

    Brilliantly Explained in Laymen's terms!

  • @bmercedes1233
    @bmercedes1233 Před 2 lety

    Great video, thank you Andy!! 💯