Ep 10. A Work/Live Property Becomes a Disaster Renovation for two Business Partners

In Income Property season 2 episode 10, titled "A Work/Live Property Becomes a Disaster Renovation for two Business Partners," host Scott McGillivray takes on a unique challenge: transforming a work/live property into a profitable space for two business partners.

The property, a former factory that has been converted into a work/live space, is in a state of disrepair and requires extensive renovation. The partners have already invested a significant amount of money into the property, but are now facing financial difficulties and need to generate income quickly.

Scott's job is to create a functional and modern workspace while also providing comfortable living accommodations. He works closely with the partners to understand their needs and preferences, and designs a space that can accommodate both their business and personal needs.

The renovation process is not without its challenges. Scott and his team must deal with electrical issues, outdated plumbing, and structural problems, all while working within a tight budget and timeline. Despite these obstacles, they manage to transform the space into a beautiful and functional work/live property that is perfect for the partners' needs.

Throughout the episode, Scott provides valuable tips and advice for anyone looking to invest in a work/live property. He stresses the importance of having a clear plan and budget in place, and offers advice on how to balance the needs of the business with those of the living space.

In the end, the partners are thrilled with the finished product. They now have a beautiful and functional space that meets all of their needs, and are able to generate income from both their business and rental income. The transformation of the property is a testament to Scott's expert skills and knowledge, and a great example of the potential profits that can be generated from work/live properties.