Axel welcomes back Alexander Rossi, a real estate investor focussed on pre-construction real estate, to talk about the pre-construction market, how to manage it in the current economic environment and how to engage with new construction developers.

 

Alex has a background in the financial industry. He is a real estate investor who is very successful in the purchase of new construction and he has built significant returns on investment over the years. Most of his properties on plans have come from working together with the developer.

 

Alex and Axel talk about Alex’s 32-door project in Gatineau. They dive deep into how he found the project, his financing responsibility in the project, what is the responsibility of the new construction developer and the importance of being in alignment with each other, why he is working on luxury accessories and the benefit of not having a ceiling on rents in the pre-construction market.

 

Additionally they talk about the actual economic environment, how it affects the new construction market and what is expected to happen with interest rates in the next year and a half, how inflation helps real estate believe it or not,  why in commercial you don't have to worry about uncertainty and the key elements of having a strong structure and always educating yourself.

 

“It is a long run game, don't be affected by what is happening in the short term economic environment”

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