$55,000 Basement Renovation Brings $1,200 of Monthly Income In Leslieville – Episode #159
There are 3 important factors to consider when you want to achieve a solid cash flowing property:
1. LOCATION, LOCATION, LOCATION
I know you have heard this before, but I cannot stress it enough. Location is key to long term growth and it also plays a big role in the next factor;
2. TENANT PROFILE
If you want to attract quality tenant profiles, then you need to invest in the right location.
3. REAL ESTATE TEAM
Having a great team on your side to help you find the right property, to help you find the right tenants, and help you renovate and build the suites will take you a long way.
All 3 of these factors can help provide you with a solid cash flowing property. By investing in the right location and creating a quality home, you will be creating a premium property that tenants and buyers will be willing to pay a premium for.
In this video, we interview contractor Peter Glaw from Premier Renovations. Peter has renovated this entire basement apartment and walks us through it explaining what he did and why this basement apartment demands $1200 per month in Leslieville Toronto.
If you wish to contact Peter you can reach him at 905-286-0303 or at www.premier-renovations.com