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