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S1E10 - Building New or Buying Existing Multi-Family Apartments w/ Nick Legault
Manage episode 407193853 series 3558690
Innehåll tillhandahållet av Ryan Carr. Allt poddinnehåll inklusive avsnitt, grafik och podcastbeskrivningar laddas upp och tillhandahålls direkt av Ryan Carr eller deras podcastplattformspartner. Om du tror att någon använder ditt upphovsrättsskyddade verk utan din tillåtelse kan du följa processen som beskrivs här https://sv.player.fm/legal.
S1E10 - Building New or Buying Existing Multi-Family Apartments w/ Nick Legault
Nick Legault was working full time as a design engineer when he picked up his first property. After he was downsized by his employer closing in 2015, he went into investing full-time, as a developer, contractor and investor. He now owns or co-owns 100s of properties and buildings and now sells as many as he buys, and he explains the concept of de-leveraging. This podcast will reinforce how investing in multi family properties can supercharge your portfolio to massive levels.
What You’ll Learn:
- How Nick got his start in investing
- How his employed closing spurred him into real estate full time
- Why his goal was $100 Million but once reached selling as much as he was buying
- How to use debt and leverage to be able to scale
- How debt can become the enemy when the market turns
- Most successful investors also de-leverage
- Why in Nick’s opinion the first 10 years of investing is not freedom and carefree but WORK
- How Nick things and evaluates deals
- Defining market economics
- A breakdown of construction costs in this current market and how Nick gets things done
- Some of his current projects and how they aligned to his highest and best use
- And MUCH more!
Bio:
Nick Legault is an Award winner of Multi-Family Investor of the Year, Co-Venturer of the Year, and Leslie Cuff (Most Prominent Player) of the Year by REIN Canada. Started in 2008 from buying a condo to re-developing multi-million dollar rental buildings in two Ontario cities. Focused on building new or buying existing multi-family apartment and office buildings in Ottawa, ON
Contact:
LinkedIn: https://www.linkedin.com/in/nicklegault/
Twitter: NickLegault
To find out more about Ryan and his mission of "The Highest And Best Use", or to pre-order his book, go to http://www.thehighestandbestuse.com.
Contact Ryan
New Episodes: Thehighestandbestuse.com/podcast
Email: [email protected]
Book Signup -- www.thehighestandbestuse.com
Instagram: @Thehighestandbestuse
Facebook: https://www.facebook.com/thehighest.andbestuse
Youtube URL: https://bit.ly/3TlVyvi
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