Would you like to discover how to create more affordable housing with garden suites and legal second suites while also building generational wealth for yourself and your family?
In today’s video, I interview my long-time friend, Andy Tran, the founder of Suite Additions, a company that helps homeowners and investors convert single-family homes to contain additional legal suites.
He is now taking on even bigger projects, helping clients find lots to build garden suites and add third units to their buildings. We dive deeper into why he’s passionate about building affordable housing for our overly populated Toronto and Southern Ontario.
Andy is providing more affordable housing to combat the housing crisis and building massive wealth for himself, and he shares how in this video.
If you're an existing homeowner or a small investor who wants to grow your portfolio, you’ll find this very useful!
To Contact Andy: http://www.suiteadditions.com/
Key Moments In This Episode
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0:48 - Who is Andy Tran, and what does Suite addition focus on
1:18 - Why Andy is passionate about creating additional housing to solve the housing affordability crisis
2:30 - What led Andy down the path of creating affordable housing solutions?
5:08 - What the government is doing to combat the housing crisis from Andy's perspective
7: 08 - Bill 23: Doug Ford’s triplex legislation
8:22 - A great strategy for investors who want to maximize the number of units but do not have enough capital
9:58 - A real-life example of this strategy
11:47 - Best practices for adding ab garden suite to your property
12:34 - Numbers breakdown in terms of rent, build cost, etc.
14:01 - How big are the garden suites?
If you have any questions or thoughts after watching this video, leave a comment below, and I’ll respond as soon as possible.
Don’t forget to subscribe to my channel for more videos on Canadian real estate and tax-saving strategies, so you don’t miss a thing!
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Please make sure to speak to a professional that knows your personal situation before making a decision.
If you need to talk to someone on my team, email us at admin@cccpa.ca.
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