Ep. 149: Starting and Scaling as a Real Estate Developer

Ali is a full time real estate developer, investor and coach with a passion for growth, creativity and quality. He founded EcoLux Developments in 2017 with the goal of developing and building energy efficient residential buildings. With a background in engineering, project management and risk management, he is focused on multi-family development and value-add projects that provide a safe and comfortable home for the residents and above-average returns for the investors.

 

In this episode, we discussed:

• Ali's transition from engineering to real estate investing
• First real estate project: the decision to embark on a ground-up construction project
• The process of land acquisition and due diligence in a smaller market
• Journey from Individual Real Estate Ventures to Large-scale Development
• Transition to Purpose-built Rentals
• Case study of a successful multifamily development project in New Brunswick
• The potential for large-scale development and the benefits of energy-efficient upgrades
• The importance of land acreage and its role in valuation
• Government Incentives and Program Utilization
• Exploration of hybrid development models combining value-add and new construction
• The challenges faced in real estate development, such as community engagement, zoning regulations, and tenant occupancy and strategies to overcome those.
• The mix of debt and equity financing

and much more!

 

Follow Ali's social media on:

LinkedIn: https://www.linkedin.com/in/alinazarian/

Facebook Profile: https://www.facebook.com/ali.nazarian.61

Facebook Page: https://www.facebook.com/EcoLuxDevelopments

Facebook Group: https://www.facebook.com/groups/3810352749042702
Instagram: https://www.instagram.com/ecoluxdevelopments/
YouTube: https://www.youtube.com/@alinazarianREI 

 

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If you or anyone you know is looking to sell their house, visit: www.fastontariohomebuyer.ca

 

Disclaimer: This podcast is all about providing you information, not financial or legal advice. So if you need the real deal for your situation, hit up a professional. We can't promise you our information is always up to date or accurate, and we're not responsible for any investment decisions you make based on it.

Markets change, Information change. You know the drill. Anyways. Thank you for hanging out with us responsibly.