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The 5% Basement Conversion Rule Explained

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Many people want to enjoy the benefits and diversity that a real estate investment portfolio can offer them but do not have the time, inclination or experience to manage a property conversion process.

This is where construction momentum services can really help with a combination of project management, faster completion, expertise and access to professional trades. It can also mean the opportunity to invest in properties further from where you live or have knowledge about.

In this video Real Estate Investor and former contractor, Chris Shebib takes you on an updated walk-through of a construction momentum project. Chris points out the key elements that make this property such a great investment for the real estate investor owners and educates you on the importance of the 5% basement conversion rule when it comes to real estate investing.

This is part 2 of a 3 part series. Watch Part 1 https://youtu.be/ZJwHt9Lsi5U

00:45 Introduction
00:50 Construction Momentum Update
01:14 85-90% complete
01:40 Basement unit conversion progress
01:55 Basement stairs
02:06 Electrical panel
02:10 Waterproofing
01:42 Open concept
02:05 Bathroom
02.17 Bedroom
02:38 5% basement rule
03.21 Kitchen and Living area
04:02 Bathroom
04:15 Backyard potential for additional dwelling unit
04.33 Weeping tile
04.57 Upstairs update
05:00 Living area
05:17 Kitchen
05:34 3rd bedroom
05:42 Master bedroom
06:13 Bathroom
06.41 Meet Chris Shebib

Your 5-Year Wealth Plan - Part 1
https://youtu.be/ZJwHt9Lsi5U

Basement Conversions - When 2 bedrooms make more sense than 3 https://youtu.be/4R5LuaX3p9w
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šŸ” Real estate investing TRAINING with Chris: https://shebib.com/

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Website: https://BlueOrchardPropertyGroup.com

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Disclaimer and Waiver ā€“ 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 ā€˜as isā€™ 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. Heā€™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 realise your own dreams and implement your own wealth plan.

#realestate #realestateinvesting #realestateinvestment

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