Apartment Investing. How to convert a house to an 8 unit apartment building. Part 1 - The Before.
Channel: Darren Voros
Date: 2020-10-16

Have you ever wanted to convert a single family dwelling  to a multifamily property but aren't sure where to get started?

Canadian real estate investor Darren Voros walks through his most recent acquisition. A large victorian home that has been gutted down the studs. Darren plans to convert the property to 8 units and hold the property as a long term rental.

Darren walks through each floor of the existing house and explains what the plan is for renovation, what the unit count will be, what is staying and what is being torn out. Darren also explains which exterior walls will be blown out to accommodate the new addition both to the back of the property and to the 3rd storey.

There are definite drawbacks and benefits of buying a property that has already been partially demolished so Darren goes into detail about why the banks did not want to finance this project and what the local municipality had to say about the project.

Follow along on this project over the next 9-12 months of renovation to see the complete transformation.

DISCLAIMER:
WITH ANY AND ALL INVESTING YOU SHOULD ALWAYS OBTAIN INDEPENDENT LEGAL, TAXATION AND FINANCIAL ADVICE BEFORE INVESTING ANY OF YOUR OWN MONEY.

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My favourite real estate investing software
Property Analysis - https://dealcheck.io?fp_ref=darren84
Legal - https://www.lawdepot.ca/?pid=pg-0EG7S51CZG-generaltextlink
Project Management - https://mondaycom.grsm.io/darrenvoros6613


Real estate investing COACHING with Darren:
https://www.darrenvoros.com/coach-with-darren

Book a call with Darren:
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Darren Voros

Darren’s diverse skillset has taken him to many stages around the world. He has been featured as an on-air renovation expert on “The Goods” (CBC) and “CityLine” (CityTV). Darren was also the behind the scenes contractor on “Save My Reno” (HGTV) and “Game of Homes (W Network).
Darren is an accomplished real estate investor, trainer and coach. He controls a portfolio of properties worth just over $10,000,000 and has travelled across North America educating, inspiring and motivating audiences on the subject of real estate investing, financial independence and financial literacy. Darren’s willingness to give back prompted him to launch his YouTube channel in 2020 in order to have a wider reach in educating investors.