Single-Family Property Conversion: Numbers Breakdown [PART 2]

Last week, Erwin Szeto and iWIN Real Estate Coach, Chris Hook, took us on a property walkthrough of an iWIN Real Estate client’s investment property.

Watch the video here: https://www.youtube.com/watch?v=-niZW_DQ58o

Today, we break down the numbers involved with this deal in terms of the purchase price, reno costs, appreciation, cash flow, estimated rents, and all other costs involved.

We also compare the numbers involved with triplex conversions vs. Garden suite conversions.

KEY MOMENTS IN THIS VIDEO

0:27 - Asking price
0:56 - Purchase price
1:02 - Downpayment
1:14 - Reno costs
1:49 - Estimated rents
2:50 - Appreciation
3:13 - Hard costs
3:28 - Cash flow
4:29 - Annual ROI
4:42 - Number breakdown for garden suite conversion instead of a triplex conversion

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👉 WATCH NEXT:
▶️ Millennial, Personal Trainer, Moving To Edmonton and Full Time Real Estate Investing With Vince Lee: https://youtu.be/X2NFe4PukG4
▶️ Single-Family Property Conversion Walkthrough And Financial Analysis: https://www.youtube.com/watch?v=-niZW_DQ58o
▶️ Flipping, Private Borrowing & Lending In A Market Crash With Diana Lizarazo: https://youtu.be/qeQGKG-4aGE
▶️ Getting Creative With Investing In Alberta With Coach Russell Westcott: https://youtu.be/64-G4S56tYE
▶️ A Legacy of $1,500/Month Cash Flow Via Student Rentals With Arminda Simao: https://youtu.be/0ol1gZE8b8c
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