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 longtime friend, Andy Tran, the founder of Suite Additions, a company that helps homeowners and investors convert singlefamily 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
========================
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 reallife 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 taxsaving strategies, so you don’t miss a thing!



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 [email protected].



SIGN UP FOR OUR NEWSLETTER

Want to stay uptodate with all the latest news about Real Estate Tax Tips, receive weekly tax tips and free real estate investment resources? Then subscribe to our newsletter here:
https://realestatetaxtips.ca/youtube



Want to PAY LESS TAX as a real estate investor?
Check Out All of My Tax Saving Resources HERE: https://realestatetaxtips.ca/resource.



FOLLOW ME ON SOCIAL MEDIA:
Facebook:  / realestatetaxtips  
Instagram:   / realestatetaxtips  



⭐Cherry’s Best Real Estate Tax Tips ⭐

➡Everything You Need To Know About The NEW Toronto Vacant Home Tax (VHT):    • Everything You Need To Know About The...  
➡Top Ten YearEnd Tax Tips For every day Canadians:
   • Video  
➡Canada’s New AntiFlipping Rule:
   • Canada’s New AntiFlipping Rule  
➡ How RentToOwn Investment Strategy Helps Canadians Into Homeownership And Generates Cashflow:
   • How RentToOwn Investment Strategy H...  
➡How To Deduct Automobile Expenses:    • Video  
➡Everything You Need To Know About REIT Taxation:    • Everything You Need To Know About REI...  





DISCLAIMER:

Real estate Tax planning is a personalized decision and will depend on your situation, priorities, and risk tolerance. Consult with your legal and tax advisors to ensure you get the best personalized advice.
The information contained in this video is for general information purposes only.
The information is provided by ECRB Consulting Inc., RealEstateTaxTips.ca, Cherry Chan Professional Corporation and Cherry Chan.
While we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability of the article or the information, products, services, or related graphics contained on the presentation for any purpose. Any reliance on such information is, therefore, strictly at your own risk.
In no event will we be liable for any loss or damage, including, without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of or connected with the use of this information.

#Legalsuites #gardensuites #secondsuites #affordablehousing #Garageconversions #housingcrisis #canadahousingcrisis #housingaffordability #realestateinvestors #canadianhomeowners #ontario #realestatetips #realestatetaxtips #Cherrychan