One Rental At A Time Canadian Investor Reveals His Strategy to Grow One Rental at a Time
Mar 4, 2026
A Canadian investor explains long-distance buying, converting properties, and creative financing moves. They describe turning a duplex into a triplex, managing utilities, and self-managing a 14-unit portfolio. Conversation covers mortgage terms, cash-out rules, buy box limits, and balancing a steady job with growth.
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First Long Distance Deal Proved Turnkey Strategy
- Isaiah bought a 3-bed, 2-bath semi-detached home for $150,000 as a turnkey long-distance test in a new Ontario market.
- He initially used a property manager, self-managed later, and raised rent from $1,700 to $2,500 after tenant turnover.
Turn A Duplex Into A Triplex For Cheap
- Isaiah converted a listed duplex into a triplex by adding a bathroom for about $26,000 and leveraged plumbing layout to lower costs.
- He pre-leased all units to a government provider, bought at $158,000 and refinanced to $275,000 to recoup renovation costs.
Keep Maximum Cash Left In Deal At Refi
- Leave no more than $20,000 equity in a deal at refinance and require at least $250 monthly cashflow per door.
- Isaiah enforces this rule to avoid 'alligator' deals and keep growth sustainable while holding a full-time job.