Investing in Real Estate From a Young Age; Multifamily in Western Canada

Nov 5, 2020

Investing in real estate can be nerve wracking and intimidating, causing some to delay getting started. With plenty of knowledge and experience, we spoke with Tim Blake, a Commercial Realtor and Real Estate Investor who made his first investment at the age of 18. If you’re interested in learning more on what the journey of investing in real estate could look like, this episode is for you! 

In 2017, Blake began investing in the commercial asset class after buying office units in Grande Prairie, Alberta. Liking it much more than residential, he now focuses on building and managing a commercial portfolio and inviting partners into deals. His portfolio includes a 24-suite apartment building with light industrial shops, offices, mobile home parks, and single family homes. 

Blake is happily married with two little girls, has a passion for hockey and loves to travel!

In this interview, we discussed:

• Working in the commercial asset class in Western Canada during the pandemic
• Cap rates, price per door, and cash flow advice when investing in commercial properties
• Analysis of one of Tim Blake’s commercial deals (Purchase price, holding strategy, cash flow, and more)
• Blake’s experience of presenting seller financing options
• Structuring partnerships when investing in real estate
• The process of investing in mobile parks and what to expect
• Advice for those looking to level-up to apartment building investing

*Remember to leave us a rating and review on your favourite podcast platform!

 

Connect With Our Guest:

Tim Blake – Commercial Realtor and Real Estate Investor

Website: www.timblakerealestate.ca

Email: [e-mail]

Phone Number: [phone]

 

Connect With Us:

Peak Multifamily Investments

Instagram: @peakmultifamily

Facebook: @peakmultifamily

Facebook Group: Apartment Building Investors Network

LinkedIn: Peak Multifamily Investments

Email: [e-mail]

Website: www.peakmultifamily.ca

 

Mark Baltazar - Co-Founder, Peak Multifamily Investments

Instagram: @mark_baltazar

Facebook: Mark Baltazar

LinkedIn: www.linkedin.com/in/mark-baltazar

Email: [e-mail]

 

Mike Rockall - Co-Founder, Peak Multifamily Investments

Instagram: @rockallrealestate

Email: [e-mail]

 

More Resources:

Join our live webinar on NOVEMBER 5 where we will be discussing all about our new investment: an 18-unit apartment building!

Sign up here: http://bit.ly/nov5_webinar

 

Looking to level-up to apartment buildings? Join our second session of the ’10-Step Blueprint to Buying Your First Apartment Buildings’ course on January 16 and 17!

Register here: https://bit.ly/peak_courseregistration

 

Sign-up to stay up to date on the latest webinars, events, podcast episodes and other resources pertaining to multifamily investing in Canada and building generational wealth.

Visit: http://bit.ly/signup_peak

 

Visit https://bit.ly/peak-duediligence to download our FREE ‘Apartment Building Purchase Due Diligence Checklist’.

 

Visit http://www.peakmultifamily.ca/insights-and-resources/ for FREE access to apartment building investing webinars.

 

Want a second opinion on a deal that you are analyzing? We can help! Sign-up for a live review of your deal to gain critical insights before you make an offer or decide to pursue a property.

Sign-up here: http://bit.ly/live-deal-coaching

 

Visit our website at www.peakmultifamily.ca for more information about our investment strategy and other FREE resources to help guide you along your apartment building investment journey!