John Mehlenbacher, Founder and COO of The Condo Store Canada, joins Carmen and Jordan to talk about investing in pre-construction condominiums. This episode covers everything from how the process works to the risks and returns involved, as well as some interesting projects that John is looking into for the future. As Carmen notes, John possesses an absolute wealth of knowledge on today’s topic, and he shares so much of it here today along with the valuable advice which he has gained during his many years in the business.   Episode Highlights:  

• How John got started in real estate
• The Condo Store and how it operates
• Investing in pre-construction condos
• The process and stages involved in these investments
• Liberty Village and The Stockyards
• A case study of an average investment
• Typical returns on these investments
• The potential risks involved
• Assignments and how they work
• Interesting projects on the horizon for John

Quotes:    “Our job is to find up and coming neighborhoods, up and coming projects, that will give you a better return on investment than the typical return.”   “We try to find the right condo investment for our clients.”   “I’ve seen so many people make so much money in this industry that way.”   “We cannot build housing fast enough for people to live in.”   “There’s no fear of losing your deposit.”   “Over time everything goes up.”   “There’s a tremendous amount of people that make all of their money on just assignments.”   “The best time to assign is usually after 3 years anyway.”   “Burlington feels like Toronto did 20 years ago.”   “Real estate has always been a strong investment and over time you will never go wrong.”   Links:   30 Minutes to Wealth homepage:   https://www.30minutestowealth.com/