Monday 26 November 2018

The new way to flip a house!

The traditional way of flipping houses isn’t working as well right now so we have to think outside the box and look at a new way to flip!
One of the best ways I have found is to buy a property at a reasonable price that has the potential to be legally suited. Once you legally suite the house it changes the designation of the property therefore potentially increasing the value of your home. Then you can get it reappraised and put a new mortgage on the property and finance out a lot of the improvements. At TeamKander we would recommend that you keep the property as part of your long term investment portfolio, but if you do want to sell it this will give you a great chance to sell it at a profit.
ADDED BONUS: We have a company that will oversee everything from the paperwork to applying for the legalization of the suite with the city, to hiring the contractors, right down to completion and final approval for only $600. That will be the best $600 you’ll ever spend. Give us a call and we can help you find that perfect property in which to do this type of project.
**Not all properties qualify to be suited
#TeamKander
#NewWayToFlipHouses
#ThinkOutsideTheBox
#Investment
#SuitedProperties

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