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S1E10 - Building New or Buying Existing Multi-Family Apartments w/ Nick Legault
Manage episode 407193853 series 3558690
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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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