FORMULAIC MULTIFAMILY INVESTING W. BOB DHILLON EP. 135
Updated: 1 day ago
Bob Dhillon is one of Canada’s most prominent real estate moguls! He is the founder of Mainstreet Equity Corp. (TSX: MEQ) Bob is the epitome of purpose-driven hard work.
In today's episode, you’ll hear the founding story behind Mainstreet Equity Corp. and how it developed into a TSX-listed company with over 17,000 rental units.
“You are not in control of creating wealth for the market. The market is in control of creating your wealth.” — Bob Dhillon [0:09:06]
Bob shares what makes Mainstreet different from other real estate corporations. He reveals what it was like to receive the Order of Canada award and explains why it is so important to him to give back to his community.
We explore the ‘secret sauce’ behind multifamily success and Bob gets real about the impossibilities of work-life balance on the road to billion-dollar success.
“The secret sauce of our business, other than our management team, is that the whole universe trades below replacement cost.” — Bob Dhillon [0:17:20]
We dive into different markets that Bob has been able to break into and why. We also discuss the role of rent control.
Bob provides his predictions for the future of Calgary and shares insight into the spiritual and meditative practices that enable him to be effective each day. Tune in today to hear all this and more!
KEY POINTS FROM THIS EPISODE:
Bob’s background and career as a real estate entrepreneur.
Insight into the first sale he made in his early 20s.
How his model differs from other real estate companies.
A high-level overview of his business model and why it is successful.
Analyzing the level of control you have within the market.
Why Bob believes so strongly in giving back as a corporate company.
Results of the switch that occurred from individual to institutional capital.
Taking the opportunity to understand yourself when difficult decisions arise.
Trading below replacement cost and how this aids multifamily real estate investment.
Why work-life balance is not a relevant concept for building billion-dollar businesses.
What Bob loves about Calgary and predictions for the city.
The effect of rent control on landlords and the market.
How the pillars of Mainstreet inform the negotiation process.
Changing the narrative within ourselves to encourage independence and entrepreneurship.
Bob’s interest in spirituality and the science of meditation.
His advice to think strategically and to think long-term.
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LINKS MENTIONED IN TODAY'S EPISODE:
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DISCLAIMER: Please note that the information contained in this interview is not financial advice but for entertainment purposes. I am not a financial advisor and make no warranties or representations concerning the accuracy or suitability of the information contained in this interview. I recommend that any and all investment decisions be made with the advice of accredited investment advisors.
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