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

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



👉Download our FREE 8-Point Checklist For Legal 2nd Suites: https://tinyurl.com/y5ykukf9

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.

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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👉Signup for our Masterclass: https://tinyurl.com/yy4lkncj

Gain The Knowledge & Experience From Our 250+ Second Suite Projects & Start Profiting Immediately!

In This Master Class You Will Learn The 4 Main Success Pillars Of A Second Suite Conversion Project:

1. Financing The Project (BRRRRR, HELOC & more)

2. Finding The Ideal Property (Zoning, parking requirements, placing an offer, pre-close preparations & more)

3. Renovating The Property The Right Way (Permit drawings, Pre Renovation, structural work, windows & doors, HVAC, framing, plumbing, electrical, fire separation & more)

4. Renting Out The Property For Maximum Rent (Rental strategies, refinance & more)

You will also receive 5 extra BONUS Content

– Second Suites City Guide
– Guide To A Successful Second Suite Conversion
– Trusted Contractors Rolodex
– Live Virtual Training (Property conversion walkthrough)
– Suite Additions Facebook Support Group

We want to share the pitfalls to avoid (trust us, we learned from many!), in addition to where you can add a tremendous amount of value.

Our goal is for you to gain 10x the amount of value for what you invest into the program, for each property!

You will continue to gain even more as you invest in more properties.

👉Signup for our Masterclass: https://tinyurl.com/yy4lkncj

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👉 To learn more check us out on:
Instagram: www.instagram.com/suite_additions
Email: contact@suiteadditions.com
Website: www.suiteadditions.com
►Subscribe: https://www.youtube.com/channel/UCZnBk7Qym6lVkZNLvpwr68g

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