2020 - HAMILTON, ON
Paving a path to passive income.
This couple took action during a tricky time in the market to set themselves up for long-term success. While the market was in COVID shock, we helped them to see past the noise and short-term volatility of real estate prices to make an informed decision. Their investment is now operating smoothly and continues to attract high-quality tenants.
Achieving the highest and best use.
We first helped them to source an under-utilized home that offered great potential for a fair price. Then we guided them through the development process to achieve the highest and best use for the property.
Optimizing every square inch.
We helped them to re-design their entire property to be optimized for 2 legal rental units. This process quickly boosted their property value and the income potential of their investment.
A tenant magnet.
After the first successful tenancy, both units turned over and we helped to secure amazing new tenants at top-market rents.
OVERVIEW
$465,000
Purchase Price
$365,674
Cost to Develop
All in cost to renovate and carry the property
$60,180
Annual Gross Rent
$10,309
Annual Operating Expenses
$850,000
Appraised Value
What the property appraised for after renovations
8 months
Time to Stabilize
Time from closing to tenant occupancy
Check out more of our projects…
Three simple steps to achieve investment property success.
Investing in real estate is a big commitment. Good Stewards helps simplify the process into three easy steps so you can invest with confidence. Here’s how:
1
Schedule a call.
We take the time to review your situation and goals to craft a personalized investing plan.
2
Invest with confidence.
We then help you to source, develop and launch quality rental units, making a complex and daunting process simple.
3
Be a bigger blessing.
Free up your time for what matters and discover new opportunities for blessing others along your path to long-term wealth.
Ready to build wealth through real estate investing? Getting started is easy.
Simply fill out the form with your contact details and we’ll get back to you to book a call. You can also email Brent Vanderwoude directly at brent@goodstewards.ca.
Everything you need to source, develop, and launch rental properties.
SERVICES
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