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Maximizing Returns in Multifamily Real Estate: A Conversation with Joel Labonte
Manage episode 435600076 series 3397054
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In this insightful episode of The Property Mindset Podcast, host Phil Gadd sits down with multifamily investor Joel Labonte to dive into the strategies behind successful multifamily investing. If you're a real estate investor looking to break into multifamily properties or expand your existing portfolio, this episode is packed with actionable tips. Joel shares his journey, from finding his first 17-unit property in Cranbrook, BC, to building a network of investors and navigating the complexities of value-add real estate deals. You’ll also learn about the importance of underwriting, building relationships with brokers, and finding opportunities in smaller markets like the Kootenays.
Key Takeaways:
- How to approach value-add multifamily deals
- Building a network of trusted investors and partners
- Tips for underwriting and evaluating multifamily investments
- Navigating tenancy laws and managing renovations in smaller markets
Whether you're new to multifamily investing or an experienced real estate entrepreneur, Joel's story offers valuable insights into how to succeed in today’s competitive market.
Tune in now to learn how you can maximize returns in the multifamily space!
Show Sponsor: First Tracks Real Estate Group - eXp Luxury | Learn More!
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