"Real estate is a capital intensive business. So everybody's chasing these bigger complexes, which is 20% of the market." — Bob Dhillon
From flipping homes to becoming the first Sikh billionaire in North America, Bob Dhillon knows his fair share about Canada's rental housing market. The CEO of Mainstreet Equity Corp. has netted a fortune by investing in undervalued mid-market apartment blocks, refurbishing them, and appealing to the inner city, millennial renter.
Why? For one thing, the affordable housing shortage. 73% of Canadians make less than $50,000 a year.
So, build all the fancy buildings you want, but they don't cater to 73% of the population.
In this episode of Sync or Swim, we discuss multiplying your wealth in multifamily by finding niche opportunities with Bob Dhillon, founder, president & CEO at Mainstreet Equity Corp., which focuses on mid-market rentals in Western Canada.
Here's what we talked about:
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