In this episode, Michael Ponte sits down with Dale from Missing Middle Solutions, a real estate developer based in Victoria, British Columbia. Dale shares insights from his 20-year journey in real estate investing, focusing on land development and the creation of attainable housing solutions.
Listen to the Podcast Here:
Key Points Discussed
- Dale’s Real Estate Journey
– Started in Windsor, Ontario, inspired by “Rich Dad Poor Dad”
– Began with a triplex renovation, learning valuable hands-on skills
– Transitioned from single-family homes to 6-12 unit developments
- Land Development Strategies
– Focus on attainable and sustainable housing solutions
– Importance of starting with the end goal in mind
– Conducting thorough feasibility studies
- Risks in Land Development
– Political hurdles, including rezoning challenges
– People risks, such as working with passionate city officials
– Market risks, especially in long-term projects
– Project and environmental risks
- Partnerships and Business Approach
– Importance of finding partners with complementary skills and shared values
– Treating land development as a full business, not a side hustle
- & more!
Learn More About Our Trusted Partner- Barr LLP
Barr LLP is a full service law firm based in the Province of Alberta with a broad range of practice areas to assist all clients. Their Commercial and Residential Real Estate and Finance team helps new and experienced clients navigate the world of real estate investing in an easy and open manner.
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Disclaimer: The views and advice expressed on this podcast are those of the participants and do not necessarily reflect the opinions or beliefs of the podcast host or affiliated parties. The content is for entertainment purposes only and should not be considered as professional financial, legal, or investment advice. Listeners are encouraged to conduct their own research and consult with qualified professionals before making any financial decisions. The podcast host and producers are not responsible for any actions taken based on the information provided.
