Mar 7 in General discussion
Townhouse Developers - Canada
The real estate investing options for the masses typically cater to lower/middle income earners who are end up replacing their current job with a new job (fixing up properties).
BRRR’s, fix and flip, wholesaling, are good for beginners who are looking to make a few thousand dollars a property.
But, if you’re already earning a high 6 or 7 figure income, owning a rental property with crappy tenants to make a few hundred dollars a month is unlikely going to move the needle for you.
Most high income earners, are looking for a way to replace $20k/months+ without having a 2nd job. Which means, they need assets that are both predictable and low effort.
I’ve spent the last 20 years investing in real estate, buying and selling several hundred million in my own projects; fix and flipping, wholesaling, building spec homes, BRRR’s, value add multifamily, retail & industrial developments, private mortgages, land development, mobile homes and pretty much every option out there.
I had mixed results - if the timing was right, some of these investments did very well (7 figures). But, in some situations, I worked for years and lost money.
Since 2003 I've gained a holistic perspective on investing in real estate. It is not to say this is the best or only way to invest. There is no 1 way to invest.
But, building townhomes for rent checks the boxes for me: Predictable and Steady cash flow from assets I’m proud to own.
Build to Rent Townhouses attract high quality tenants that pay premium rents, stay longer and take better care of my properties.
Now, if you’re wondering, why would I share this ‘secret’ with you?
I don’t really think it’s a secret. In Calgary, where I live and am a partner in a construction company, we build 300-450 townhouses a year for ourselves and our clients.
Because I get emails and phone calls every week from investors looking to do their first development, it’s become clear that there is very little information out there to help aspiring developers.
I only have so much time in the day to field 1-1 calls. The conversations are very similar. The advice and strategies we use are similar.
The demand still outpaces the supply required.
And, I’ve moved on to much larger projects, that would be very hard for even experienced developers to match.
The last 5 townhouse developments I’m working on (personally with my partners)
- 10 units - $3.2M
- 63 units - $28M
- 32 units- $13M
- 128 units - $57M
- 82 units - $32M
Now, I didn’t start doing big projects. My first was a 10 unit, (5 up and 5 down) infill in Calgary. We completed the development in about 16 months, from the time we bought the land, got the development and building permit and leased it up.
Today, we are selling it and it’s currently under contract for a nice profit.
If you’re interested in developing townhouses for rent and would like to join a community of like minded investor/developers doing the same- then sign up for the Canadian BTR Mastermind.
I’ll be sharing my experiences as both a developer and builder. What’s working well and mistakes to avoid.
There will be a free option - where I share much of what it takes to be a successful developer.
There will also be a paid option, where you can access me. My time is limited, so this will be restricted to a maximum number of developers.
The objective isn’t to create another job for myself. I have a team of 40 at our construction company (Kalamoir) and my partner and I are developing more than 200 units this year.
This mastermind community is aimed at helping new real estate developers get the knowledge they need today so when they do need a builder, you’re knowledgeable about the process.
Saving you time and money in dumb mistakes most new developers make.
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Townhouse Developers - Canada
skool.com/btr
Sharing my journey of investing, developing and building townhouses for rent in Canada
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