Lets Get REAL Estate Podcast
This is where REAL people are doing REAL Estate.. An educational AND entertaining podcast with the sole purpose to further your understanding of the Real Estate Investing space. We take everyday people that have experience in this industry and Danielle Chiasson gets REAL with them to share key insights into what to watch out for and how to shift your mindset to take on any challenge that may come your way. We are here to support investors of all levels with how to scale their portfolio and to gain financial freedom! Enjoy the Podcast!
Lets Get REAL Estate Podcast
Institutional Lenders VS Institutional Investors: Finding The Right Capital with Yakov Pertchik Ep. 108
Yakov is a dad, macroeconomics nerd, racer, excel ninja, foodie, tech executive, real estate investor, and now an industrial land developer.
In this episode we will discuss:
- Why rising interest rates and increased construction costs make residential buildings less profitable unless land is acquired at lower prices.
- The current shortage of industrial space in North America is estimated to be 1.2 billion square feet behind due to under-building and increased demand for door-to-door deliveries during the pandemic.
- How macroeconomic factors such as interest rates and construction costs influence property selection for industrial purposes.
- Proximity to transportation hubs and workforce availability are key factors in determining suitable locations for the development of warehouses and logistic centers.
- The challenges of aligning suitable lands with city zoning plans and competing with other developers are discussed.
- The calculation of soft costs, including the time spent obtaining city approvals and other expenses beyond the cost of land itself.
About Yakov
Yakov started investing in the Toronto core in late 2019 and currently has a portfolio valued at over $5M. While at the start of his journey, he was focused on creating highly cashflowing properties to create generational wealth, with that goal accomplished he has now set his sights on bigger, more ambitious projects.
The historical macroeconomic and geopolitical situation, the highly strategic nature of the asset class, the desire to scale, and the overall market conditions all drew him to Industrial Development. In the last 12 months, Yakov has initiated industrial development projects encompassing over 1.4 million Sq Ft with a final value worth an estimated $500M, with several more in the works. Yakov continues to scale aggressively and take advantage of the strategic opportunities in this unique economic environment.
Connect with Yakov
Instagram - https://www.instagram.com/yvlproperties
Facebook - https://www.facebook.com/ya.kov13
Connect with Danielle Chiasson
Website: https://strategicsuccessconsulting.com
LinkedIn: https://www.linkedin.com/in/daniellechiasson/
Facebook: https://www.facebook.com/DaniChiasson
Instagram: https://www.instagram.com/letsgetreal
TikTok: https://www.tiktok.com/@danichiasson
Book in a call: https://calendly.com/strategicsuccess/lets-get-real-estate-20-min-chat
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