I’m excited to bring to you, all the way from Oshawa, Ontario, Ryan Carr, a trained Mechanic who was bitten by the entrepreneurial bug and turned to real estate at first renovating his own investment properties and when he couldn’t scale himself working on the tools, he hired full time contractors. If you’ve been renovating or looking to renovate like I have, you know how hard it is to get the attention of contractors with this housing boom going on. Ryan’s solution is to hire folks full time and he’s keeping them busy as he’s purchased 20 houses in the last two years, all requiring varying degrees of renovations including the vertical duplex split. A horizontal split would be the traditional basement apartment duplex whereas Ryan will install a vertical wall/s to divide a property to increase cash flow by $300-500/month. Ryan will share some tips on when to vertical split and how to source 20 properties, mostly private deals not on MLS.
This interview with Ryan was an eye opener to me as are all of our guests but this is the first time my podcast has been required listening for my team the Halton REI Team.
So without further ado, I give you Ryan Carr