Ep 17. Love, Marriage and Investments

Income Property season 9 episode 17, titled "Love, Marriage and Investments," follows Scott McGillivray as he helps a newly married couple build a real estate investment portfolio while also transforming their current home into an income property.

Scott meets with Michelle and Stephen, a couple who recently got married and are looking to build financial stability for their future. They have a house that they love but it's too small for their growing family, so they are considering buying a larger home. Scott suggests that they instead turn their existing home into an income property and use the rental income to help pay for a larger home.

To make Michelle and Stephen's home suitable for rental, Scott identifies several areas that need improvement. He adds a bedroom and a bathroom in the basement, and creates a kitchenette in the living room. He also improves the exterior of the home, landscaping the yard and adding a fence for privacy.

While the renovations are underway, Scott helps Michelle and Stephen identify their investment goals and teaches them how to analyze potential investment properties. Michelle and Stephen are interested in buying a townhouse to rent out, and Scott shows them some potential properties that fit their criteria. They settle on one that is in a desirable location and needs some minor cosmetic upgrades.

Scott then helps Michelle and Stephen secure financing for the townhouse and connects them with a contractor to make the necessary renovations. With the rental income from their income property and the potential income from their investment property, Michelle and Stephen are on track to build a successful real estate investment portfolio.

As the episode wraps up, the renovations on Michelle and Stephen's income property are complete and they are ready to rent it out. Scott also checks in on the progress of their investment property and they are pleased with the upgrades that have been made. Michelle and Stephen are excited for their future as real estate investors and grateful for the guidance that Scott has provided.

Overall, Income Property season 9 episode 17 is a helpful and informative episode that offers practical advice for those looking to build wealth through real estate investment. Scott's expertise and guidance are invaluable to Michelle and Stephen as they navigate the complex world of real estate investing.