Talking with the ”Triplex King” Felix Vortsman

Do you want to maximize the potential of your single family home, boost your cash flows while keeping costs in check?

Felix Vortsman is a Chartered Accountant, professional real estate investor, coach, financial planner, founder of Cloud9Life.ca™ and Sales Representative at Rock Star Real Estate Inc. Brokerage.

In this episode, Felix shares his unique approach to legally converting your single-family home into a triplex or fourplex with minimal changes to the existing structure.

Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/

What you'll learn from this episode for 20 minutes:

Discover a strategy where you can increase your cash flow while mitigating your risks
Find out how you can turn a single family home into more units without any rezoning or additions and operate legally
Learn how to conveniently do a cost-efficient and effective three-unit conversion

Resources:

Want to have a chat with Felix? Click here: http://mycloud9life.ca/

Topics Covered:

00:59 - Using his SAP money to purchase his first property

02:54 - Known for being the 'triplex king'

04:48 - Turning a family home into a triplex without much changes or additions

06:38 - A picture of how he transforms a single family home into a three-plex [before and after]-

08:53 - How much is the increase in value after the conversion is done

11:37 - Estimated cost to convert a single family home and what the number looks like in these certain markets for home conversions

14:16 - Benefits of this strategy

15:49 - Opportunities for turning a family home into a short-term rental [and types of people who patronize their product]

Key Takeaways:

"This [three-plex] conversion is a great way to increase your cash flow or even realize some cash flow in today's high interest rate environment." - Felix Vortsman

"The good thing about this type of product, apart from being an investment grade, is, this is essentially what the market is going to be requiring all across the nation as home prices are going higher and higher in value, less and less people can afford that traditional single family home." - Felix Vortsman

"People like the whole tiny home movement. So if they want to feel what it's like to stay in a tiny home , it really appeals to them. And most people have been giving us phenomenal reviews. They absolutely love the space." - Felix Vortsman

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