I'm looking to be mentored/coached by someone who knows the process of commercial real estate purchases in BC, AB or SK and owns commercial/multi-family real estate (5+ units) and/or has currently done master lease options. 

The reason we are looking to tap into our equity is to construct a 499 sq.ft addition (master bedroom) that would produce rental income once completed. 

4br/3ba - 2,300 SQFT -- Class A neighborhoodHome value is 640-670kOriginal loan was $485,805 at 2.875% interest w/ FHA LoanCurrent Loan balance $476,323.69Current payment $3,078.76 includes PMIRenting 3 rooms for $3,000/moCurrently househacking, staying in the Master BR. 

A few points:- Your lease agreement should give you the ability to sub-lease either or both units if you choose (a master lease).- Your lease payments should be enough to cover his PITI payments plus provide income.

I am remodeling the master bath, kitchen and living room area.

Hi All,This is lease related, but can there be two Master leases on one SFH in Dallas/Texas?

My recommendation would be to start with one and master it before going on to the next.Just remember - real estate is not a get rich quick business.

I can bring in others if there are rehab costs involved...there are many ways to split this up, but I have been thinking about having a master contract that would govern the deal.

If you master this, money WILL follow!

No single person is a master of all things business.