Montreal Big BRRRs with Axel Monsaingeon

Axel Monsaingeon grew up in the Caribbean, emigrated to Montreal Canada to finish high school. After years in the corporate world and being disillusioned went full time in real estate and it has been one of the best decisions he made.

In this episode, Axel shares his real estate investing strategy that earns him the most revenue. He talks about what properties he buys, how he adds value to put it into the market that earns him a huge sum of profit.

Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/

What you'll learn in just 17 minutes from today's episode:

Find out investing differences in the different parts of Canada so you know where you can leverage the most
Discover about the off-market type of property deals that give the most ROI
Find out market growth trends for multifamily properties and how to to value add to optimize earnings potential

Resources/Links:

Website: https://www.realestateeffect.ca/

Topics Covered:

01:10 - What kind of real estate investing strategy does Axel focus on
01:24 - The property size he is looking at
01:54 - Where he originally comes from and a little story about his family
04:49 - Major differences between investing in Quebec and other places of Canada
06:08 - Why there is a higher renter percentage in Montreal than in any other places
06:49 - Does he buy the dilapidated property with tenants or no tenants
07:50 - Shares a difficult experience of letting tenants leave the property
09:40 - What the numbers look like for his properties from purchase, renovation to putting it on the market
11:24 - Axel explains market growth trends of his properties
12:27 - Turning old historical buildings into multifamily properties
15:15 - Mistakes people make when investing in real estate

Key Takeaways:

“At the beginning, I have to admit, I didn't realize how important the people aspect was. We’re negotiating with tenants -- that’s so important because you have to understand them, their profile, what their objective is. And what is it that triggers them?” - Axel Monsaingeon

“On the growth trends, I should be able to give you the NOI right off the bat. But, within a 14-month period, we went from 32,000 to 52,000. That's huge.” - Axel Monsaingeon

“There's a lot more people from Ontario coming because they're like, ‘Oh, my God, Montreal is so cheap.’ But what I would say is, that’s trying to get into too many different things. You gotta just kind of pick one, educate yourself, learn the hard way, and then go a mile deep.” - Axel Monsaingeon

We are negotiating constantly with everyone, for everything, whether you're doing an acquisition and you negotiate with an owner, whether it's with your tenants, with your contractors and suppliers when you're doing financing and stuff like that. -Axel Monsaingeon

“One of the mistakes I do see is, it's not just valid for people from outside of Quebec coming here. It's also valid for people that are here sometimes investors want to touch too many different segments. You've learned it as well, once you develop a formula, just stick with it, refine it and get better instead of trying to go eat in every pot.” -Axel Monsaingeon

Connect with Axel Monsaingeon: