🔴 - Subscribe for more real estate investing insights - https://www.youtube.com/channel/UCIP29W-Jnbi528FAGMhhSjg
Real estate investors need to be very aware of the differences between legal non-conforming properties and illegal as this can make huge differences to the viability and profitability of an investment.
To be considered “conforming”, a property has to fall within the current municipal zoning by-laws. This can include a number of factors including permitted use, setbacks, parking etc. If the property doesn’t meet the current obligations of a particular municipal zoning by-law then it is considered non-conforming.
It is possible to apply for a minor variance or zoning by-law amendment. That means the property could be granted legal status even though it did not comply with the applicable by-laws and may not in the future.
Join Real Estate Investor and former contractor Chris Shebib as he takes you on a walk-through of a legal non-conforming property highlighting the upside areas of the house, where the opportunities lie and what to watch for when assessing this type of property.
00:24 Upstairs
01:00 Medium size updates on the top floor
01:30 3 steps to consider
01:42 Basement
01.55 Total gutting of lower level
02:46 Strong ROI
03:03 Meet Chris Shebib
Bungalow to Duplex Conversion Part 1 https://youtu.be/C8kc5WB9I7M
Bungalow Conversion - 2 units with 4 bedrooms each - Part 1 - https://youtu.be/SJoasXIYcwg
______________________________________________
Thank you for taking the time to watch. If you feel you got some benefit from this video, please like, comment and share it so others can get to access the knowledge. If you want to learn more about how I can help you with your own real estate investing goals, visit my website - https://BlueOrchardPropertyGroup.com - where you will find more resources on various options for real estate investing.
______________________________________________
🏡 Real estate investing TRAINING with Chris: https://shebib.com/
Join our Facebook Group
https://www.facebook.com/groups/blueorchardpropertygroup
POPULAR PLAYLISTS for REAL ESTATE INVESTING
Learn about real estate investing fundamentals
https://youtube.com/playlist?list=PLliqcous2x9RCKC7rl3yN9hLT3IwWYocD
Learn about renovations, conversions and additional dwelling units: https://youtube.com/playlist?list=PLliqcous2x9TdM7kPzvkOnbkEepHBJYEj
Learn about Multi-Family real estate investing
https://youtube.com/playlist?list=PLliqcous2x9SuA4bb0gw6BDdg5RGP4fDN
Learn about Guided Investing:
https://youtube.com/playlist?list=PLliqcous2x9Rp4aPD7RJCKDly9qg32RTG
______________________________________________
Have a question? Best to comment here on YouTube or Message on Instagram, Facebook or LinkedIn.
Follow me @
Instagram: https://www.instagram.com/chris.shebib/
Facebook: https://www.facebook.com/blueorchardpropertygroup
LinkedIn: https://www.linkedin.com/in/chrisshebib/
Website: https://BlueOrchardPropertyGroup.com
►SUBSCRIBE: https://www.youtube.com/channel/UCIP29W-Jnbi528FAGMhhSjg
****
Disclaimer and Waiver – Blue Orchard Property Group/ Chris Shebib is not an investment advisor and is not licensed to sell securities. None of the information provided is intended as investment, tax, accounting or legal advice, as an offer or solicitation of an offer to buy or sell, or as an endorsement, of any company, security, fund, or other offering. The information should not be relied upon for purposes of transacting securities or other investments. Your use of the information contained herein is at your own risk. The content is provided ‘as is’ and without warranties, either expressed or implied. ______________________________________________
About Chris Shebib & Blue Orchard Property Group
Chris Shebib is a realtor, speaker, coach and award-winning real estate investor. He’s been in real estate for 20+ years with a proven track record in both Canada and the United States.
He has managed hundreds of thousands of dollars of renovation and contracting projects in Canada and the US, bought and sold homes, helped generate returns on investment properties, received a National Top Investor Award and been featured in numerous national and real estate media.
Bottom line he has done a lot of the heavy lifting for you. Having been involved in all aspects of real estate, trying, sometimes failing, learning and developing the right formula so you benefit from all of that knowledge and realize your own dreams and implement your own wealth plan.
#realestate #realestateinvesting #realestateinvestment
______________________________________________
Real Estate, Real Estate Market, Housing Prices, Real Estate Prices, Canadian Real Estate, Canadian Real Estate Prices, Canadian Housing, Housing Market, Real Estate Market, Home Buyers, Real Estate Sellers, Buy Sell Real Estate, Real Estate News, Real Estate Investors
______________________________________________
