From Basement Bungalows to Multifamily Ventures With Paul Mcallister & Ken Beckendam
In this conversation, Paul McAllister and Ken Beckendam discuss their experiences in real estate investing, specifically focusing on strategies such as basement conversions and land development. They highlight the importance of conducting due diligence and working with experts to ensure compliance with zoning bylaws and building codes. They also emphasize the value of legal suites and the benefits of having a legal apartment for mortgage qualification. Ken offers his services in architectural design, permitting, and consulting for investors looking to convert properties or undertake land development projects.
Takeaways
- (00:00) - Introduction and Background
- (02:26) - Basement Conversions and Cash Flow
- (05:44) - Shift to Larger Building Conversions
- (13:13) - Opportunities in Vacant Commercial Properties
- (28:55) - Navigating the Land Development Process
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Takeaways
- Conduct thorough due diligence and consult experts when considering real estate investments
- Legal suites provide value and can impact mortgage qualification
- Zoning bylaws and building codes must be followed when converting properties
- Land development projects require a step-by-step process and a team of consultants
- Book a free consultation with Ken Beckendam for guidance on real estate projects
If you're looking to access the best financing for Real Estate Investors in Canada & the U.S.A., then I suggest you Book A Free Strategy Call with a specialist on my team.