Basement suites…still an amazing hack

After a concerted effort to move into multifamily investing, I am going back to where I started my real estate investing journey…adding basement suites to single family homes and holding for long term. This continues to be a very predictable and lucrative investment strategy. I did a lot of deal analysis on multifamily (mostly apartment buildings). I liked the idea of multifamily because it gave me the opportunity to scale up so quickly. It was exciting for a while, but the reality is that my homes with basement suites simply perform better. By adding a basement suite, I can double the dwelling units in one structure… and the annualized returns are great. I get high-quality tenants, good cash flow, and predictable appreciation. I’m fully back on track with my goals.

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