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New Investment decision House – Rental House Job Walkthru





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Matt commenced investing in authentic estate at age twenty five by buying a scholar rental close to Fanshawe College or university.

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32 comments

  1. 14:19 – Fixing the worst house on the street will drastically improve the land value of the entire neighborhood, not simply the selling value of your house. It was a good idea to buy it and renovate it, because you're going to compound your returns for this reason.

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  2. Great video Matt. Thank you. Would you be able to make video for the renovated house?

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  3. Hey Matt,
    Probably my 3rd YouTube comment in history. Had to say – boss channel, you're videos have officially replaced any Netflix time. All I feel like doing after is hitting up the renovation sites. Thanks for sharing!

    From a Niagara Region House Hacking / BRRR investor on track to retire by age 35. Keep the videos coming 🙂
    S

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  4. Hoarder places are creepy. I walked through one and the closterphobia was real. As far as the addition, I think your best ROI for AirBnB is the basic porch and a selection of outdoor games like lawn darts, bocci, or croquet, and perhaps a bbq. If you're renting out the place I'd re-do the basic addition with a nice master and scrap the tiny bedroom for a bigger kitchen, if you're flipping/selling the place I'd go all for all the extra square footage and make a huge addition. The longer the person stays there, the more space they're gonna need. A guest will appreciate the quirks, and a family might want a more neutral canvas.

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  5. How much did you pay for it??

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  6. Hi Matt, this was awesome.  I don't know about other people, but for someone new to this (starting the process to purchase my first investment property), i really enjoy seeing this nasty house.  I am getting so excited to attack one of these in the future.  I would be amazing to see the complete process from this point to the end result (building and office work that you have to do).  But to answer your question on the extension, my take would be the three costs.  1. How much would it cost now to just fix it and have it ready 2. cost of the extension/upgrade 3. the cost of the extension/upgrade later (including the initial cost to repair it now).   I would say fix now and upgrade later when it is needed in 5 years or so.  Keep up the great work as always.

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  7. Dude you are such a G buying this. Cant wait to see what you do with it

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  8. I am half way thru the vid and am praying u r gonna show the #s on this place! Ha

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  9. Would love to follow along with the rehab on this property!

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  10. small make it an airbnb

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  11. Holy cow! Matt you're pretty confident! This place is a mess :O It's good that you know what you're doing. How much would it cost to fix this thing? 😀

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  12. Really enjoyed this video – love seeing your projects!

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  13. 6:01 The hand railing hahaha

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  14. re back addition: Make it a deck – especially if you are going to Ainbn it since people will want a place to chill. You may even consider a built-in grill/bbq to add "escape" value after The Factory.

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  15. Great video, Matt! I have a couple of questions, clearly this property needs a ton of work. At what point would you look at a property/project like this and walk away based on what may need to be done? Would moisture issues raise a red flag for you? Would you recommend a project like this as someone's first or second investment property?

    In regards to the addition in the back – it really depends on what your timeline and budget are. From a value perspective I would take down and add a brand new addition and add all the things you talked about, bathroom, master bedroom. However if you are looking to fill the place asap I'd get the rest of the property where it needs to be and come back in a few years and add on.

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  16. Looks awesome, Matt. Keep it up!

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  17. Hi, what is the process you use to find the private deals? Did this guy find you, or did you find him? Thanks, love your vids!!

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  18. Hey Matt, just wondering when you convert to a duplex are you putting in a separate furnace, water heater and electrical meters??? If not, how do you handle the utilities on these units? Love what your doing…you're going to be an inspiration to a lot of young people.

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  19. house looks rough dude, may have bitten off more than you can chew. And I wouldn’t be surprised if people who went in there ended up with flea bites…

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  20. Hi Matt, question.. how were you able to remove the tenant from this property? I'm looking into a property right now that has a hoarder and I was under the impression that it is very difficult to remove them without moving into this property yourself or a family member. Thanks in advance!

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  21. Lots of work but can't wait until I see the finished remodel….cash cow when done.

    The bones are good then remodel it

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  22. Creepy, but a light bulb does help. Some fun shit went down in that basement. I say do a quick turnaround and Airbnb as you mentioned. Sounds like the future potential is there and you can always change your mind. I'd do the deck in the back. Just depends if you want to deal with Airbnb.

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  23. You can hear the hum the whole time from the warehouse?

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  24. This is the kind of video that got me hooked on you from the beginning!!! Seeing properties in bad condition and you walking us through giving us nuggets of wisdom on how and where to ad value. Talking us through the problems to get to the profits. Thanks Matt for all you do

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  25. Thanks Matt I miss videos like this

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  26. A new question for you is how many big dumpsters will you need to get the house empty to start reno?

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  27. Haha "Kids, ask your parents". Love it Matt. Let's get me one of these, and a $200,000 plus improvements haha.

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  28. why not use latex gloves?

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  29. Real talk about what you should do with that property. I'd spend the minimal amount possible to have that place rent ready for an amount that will carry itself. Then perhaps years down the line when you want to sell you can look at adding the value with an addition. Keep that money in your pocket till the tenants are gone and make it all nice nice for when you sell.

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  30. Holy shit your channel is hilarious. That shirt! That hepa filter.. Straight comedy this morning.

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  31. Is that your bong or his at 2:25? I needed to rip a few bongs for all the work I needed to do in my duplex after evicting a hoarding tenant. Second bong at 7:14, ok they definitely aren't yours then. You should make your next challange finding someone who will get rid of that that junk in exchange for rips out of those custy bongs

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  32. What a custy bathroom. Just vinyl plank over that shizzzz

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