We have something a little different, a real estate investor with a lot of heart in Melissa Dupuis, we rarely have investors on this show who target those on social assistance but Melissa has with her renovated, repositioned 10 bedroom rooming house.
As we don’t have many rooming house investors on this show, we spend some time on the subject in terms of numbers, target tenants, regulations, and of course the numbers: $525k on the buy and after fully renovated, $6,000 plus per month in rent.
Melissa is a true sophisticated investor as she’s an avid student and action taker in converting underutilised properties as she’s currently converting a duplex into a triplex to improve cash flow in this rising interest rate environment.
As always, real estate investing is a team sport, Melissa has engaged in hiring a coach and has a mentor. Melissa details how she found them and how it worked out.
Melissa is also a Property Manager, owner of Athena Property Management Inc servicing Niagara Region, Hamilton and she’s also a land banker in Belize.
Please enjoy the show!