In today's episode of Investing To Win, Garret Wong talks to Merouane Abed, a highly experienced sales and marketing manager and real estate investor. Merouane came to Winnipeg from Algeria in 2016 with the goal of building a stable life for himself and his family.
The immigration process piqued his interest so much that he decided to write an article about how to immigrate to Manitoba and started a Facebook group that now has over 144,000 members. The same year he migrated, he bought his primary residence at a discounted price and embarked on his journey into real estate. Since then, he has employed various strategies to build wealth and secure a bright future for his family.
From single-family homes to new builds, he has used one of the best strategies in the city to create forced equity: secondary suites.
Today, Merouane is widely regarded as the leading local expert on secondary suites. Merouane will share his knowledge and experience with Secondary Suites.
He will talk about how he got into the real estate business, including his first deal and why it was a bad experience for him. He will explain why renovating an 1898 triplex by himself was the worst idea ever. There are important lessons you can learn from his story. You will also discover why a variable mortgage is preferable to a fixed-rate mortgage.
You'll learn how to get a secondary suite and why Merouane prefers an attached secondary suite over a detached one. He will also address the utilities that need to be separated between a single-family home and a secondary suite. Merouane will also talk about the lessons he learned in converting his most recent secondary suite, where you can find useful information, and his greatest accomplishment in life.
Join us for this insightful and valuable discussion on everything secondary suites!
Enjoy!
What You'll Learn in this Show:
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