Suite Additions with Andy Tran

<p>After seeing opportunities to improve communities and help people gain financial security through various housing densification strategies, Andy Tran founded Suite Additions. He is a registered house and small Buildings designer, a real estate investor and developer. Andy focuses on housing densification opportunities for himself and clients he works with, specifically second suites, detached accessory units, and infill development.</p> <p>In this episode, Andy shares how densification properties earn him a very good income. He did it on top of helping communities deal with rising housing costs, real estate costs, and increased immigration. He identifies different densification opportunities not only to profit from but also to help build better housing for the communities he works in.</p> <p>Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): <a href='https://investorattractionworkshop.com/'>https://investorattractionworkshop.com/</a></p> <p>What you’ll learn in just 17 minutes from today’s episode:</p> <ul><li>Learn where to find out which cities allow for densification properties </li> <li>Find out the legalities involved in doing secondary suite additions </li> <li>Discover how to do legal conversions of non-conforming suites </li> </ul> <p>Resources/Links:</p> <ul><li>Download your FREE 8-Point Checklist & Legal Second Suites – A Beginners Guide. Click here: <a href='https://www.suiteadditionspro.com/opt-in-b953bdf7-8ee9-4a0c-a8ff-08d3adb88c7a'>https://www.suiteadditionspro.com/opt-in-b953bdf7-8ee9-4a0c-a8ff-08d3adb88c7a</a> </li> </ul> <p>Topics Covered: </p> <p>01:31 – What is densification in real estate </p> <p>03:43 – How he came about into densification </p> <p>05:43 – How to find out areas or cities that are encouraging densification </p> <p>07:29 – Of legal versus illegal suites, conforming versus non-conforming suites </p> <p>09:43 – Why the need to inform the insurance company that you have a second suite </p> <p>11:15 – Approximate co