Garden Suite Built In Clarington Ontario | The Next Canadian Real Estate Investment Strategy!

In this video, I meet with Cody Yeh to talk about the garden suite he is building in Clarington. We discuss costs, timelines, and difficulties.
Please connect with Cody Yeh via his youtube channel: / codyyeh or website: www.codyyeh.com/
Connect with Me:
Book A Call With Me: calendly.com/samanhabibi_real...
Instagram: / samanhabibi_realestate
Facebook: / samanhabibirealestate
LinkedIn: / saman-habibi-cpa-ca-87... ----
About Me:
My name is Saman Habibi and I am a full-time real estate agent with Right At Home Realty, Brokerage in Oshawa. I work with a wide array of clients purchasing and selling various types of real estate. From buying and selling my clients' principal residence to guiding investors in making strategic purchases. My plan is very simple: educate you on the various investment strategies, find you properties that you can invest in, and guide you through the ENTIRE closing process. On this channel, I will show you the projects I am working on and educate you on how you can invest in Real Estate. I began investing in Real Estate at the age of 21 by purchasing a pre-construction development in Whitby, ON. Since then, I have repositioned from purchasing single-family properties to two units or more.
I am also a CPA, CA with experience in audit and assurance as well as financial planning and analysis.
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Saman Habibi, CPA, CA
Sales Representative
Investor Focused Real Estate
Right At Home Realty Brokerage
O:905-665-2500
C:905-449-4242

[@ADUMasteryforDIYers]

Great video! Very informative! Bill 23 is a huge opportunity for this! I also have 2 ADUs (3 units total) on my property. Last summer I converted my garage into an ADU and made a video about it also!

[@MovingToDurhamRegion]

Right on. Very cool. Thanks for sharing. Where are you located?

[@ADUMasteryforDIYers]

@@MovingToDurhamRegion Thanks! In Innisfil.

[@Openwrt2023]

$1.7mil invested, and he only gets $7-8k per month, about $80-90k gross a year, with all the headaches of managing tenants. It's not a good investment unless the property value increases tremendously, which is highly unlikely with the current RE markets. This definitely doesn't work.

[@davidrockefeller2007]

Should the cost of the rental reflect the price to purchase. These should rent for more.

[@zupi.e]

The best part of real estate analysis is that it does not make sense in the moment but only 2-3 years down the road, it seems like a bargain. I remember seeing a Khan Academy video after 2010 on why renting is cheaper and now if you look the same video and just change the price the price of the house the analysis will instantly turn into regret of not absorbing the short term losses.

[@anandpopat2549]

Thanks for the info Cody!

[@CodyYeh]

Thanks for having me on your channel to share about this topic 🔥

[@MovingToDurhamRegion]

Thanks for giving us an exclusive tour

[@bewisegetwaiz8819]

Amazing content. So much value. Thank you Saman !!

[@MovingToDurhamRegion]

Thanks Waiz!

[@jonsvn]

best video, !!!

[@flip931]

this is amazing

[@flip931]

So clever to make it "easier" to convert into a duplex if the rules change.

[@lahijonto]

Hi Saman, He said he is going to test out the short-term market if he can two or three times that.... What does that mean? Thank you for the video.

[@adarshtewari9102]

I thoroughly enjoyed the video as it effectively elucidated the intricacies in a clear and concise manner.

[@MovingToDurhamRegion]

Thank you for watching

[@flip931]

I want to live in this garden suite

[@MovingToDurhamRegion]

it's all yours

[@MovingToDurhamRegion]

Drop your questions below 👇

[@ginanguyen3716]

👍👏

[@donm2067]

With 20% down, the mortgage is over 4k$ to carry, I havent even factored in property tax or the Reno. What kind of "investment" is this?

[@MafiaXII]

Maybe 3k with mortgage + property tax since he bought it in 2022 with at most 2% 5 year fixed rate

[@300432280]

20% down that is 200k, + 500k ADU + 150k duplex = 850k cash down... only bring in 6k net cash flow per month, and the duplex itself was bought 200k over the market price in Carlington .... this is not an investment, this is just waste of money...@@MafiaXII

[@SM-lj2ef]

He thinks he would get 10k/month as short term rental. That's 333$ a night occupied 30 days month. For an engineer and investor his math sucks

[@tertur2957]

A very poor one.

[@tariqs2072]

Those rents arent guaranteed, i woudnt go by his #s and would lower the expectations to do the cirrect math. If those numbers do workout good for him

[@Cckk756]

I doubt the quality of tenants you would find in that area and able to to paying rent. Good for them if they have it work out.

[@watduh123]

Unless he split the front bungalow 2 units $2000 each and backyard $2000 each 2 units.

[@MafiaXII]

Can you provide the contact details for the GC please?

[@tertur2957]

This isn’t a residential property anymore, it’s a business and should be taxed and regulated as such. It just needs a flashing neon sign out front.

[@watduh123]

Who would want to pay 4000 or 3000 a month of rent? Crazy. 1.7 million. Might as well buy a bungalow for 800000 and pay 300000 to add a second floor and flip it.

[@tess8133]

From the mouth of a Durham Regional Police officer who can't wait to retire & move away, Bowmanville is not the same nice little town it was 8-10 yrs ago. Most of the trouble has migrated from the west. (a.k.a. Toronto)

[@lakenbanks9426]

$450,000?!?

[@alicehu6740]

The cost of this garden suit is too much.I know another builder can build a garden suit much cheaper than that.

[@MovingToDurhamRegion]

Yes I imagine as more players enter the market there will be a price correction. Starting to see it in the US.