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When converting a property with an Upstairs and Basement opportunity, it is vital to understand what is possible and maximize the living space for tenants in both units.
Often the upstairs can be more of an update and expansion of space by removing some walls or partitions as the unit usually has a fairly well-thought-out floor plan. However, basements can sometimes present more of a problem depending on what has been done in the past and the budgets that previous owners had at the time. In this case, the basement benefitted tremendously from a brand new design and build.
Join Real Estate Investor and former contractor Chris Shebib as he takes you on the journey Before, During and After the conversion of a property with 3 bedrooms upstairs and 3 bedrooms downstairs. This type of property is rare and offers amazing upside for the real estate investor. Join us on a series of visits to the property and see the incredible transformation.
01:01 Walk through the property before
02:51 Basement in mid-conversion
05:45 Upstairs mid-conversion
07:40 Basement progress mid-conversion
08.45 Fire rating the basement
12:41 Final finished product
14:50 Upstairs finished
17.25 Basement finished
20:33 Meet Chris Shebib
3 Steps to Finding Value in Non-Conforming Properties https://youtu.be/m-FJ0qzOSuk
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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.
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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.
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