Have you ever faced unexpected challenges when pursuing a real estate project? In this episode, I share an update on my ongoing development in Verdun, where I navigate the complexities of building permits, zoning changes, and project financing. What started as a plan for a 16-unit building with commercial space has evolved into a six-floor, 43-unit residential project with underground parking. The journey highlights the importance of adapting to city requirements and collaborating with various stakeholders to meet development goals.

I discuss the hurdles faced, from redesigning to align with city zoning changes to balancing project costs and finding partners for financing. The lower interest rates have provided some relief, but challenges remain in meeting profitability expectations. Through interactions with city officials and learning from experienced developers, I’ve gained insights into the evolving regulations and how they impact project feasibility.

This episode is a testament to the resilience required in real estate development. It underscores why patience, strategic planning, and strong relationships with city authorities and partners are essential. Stay tuned for more updates as I continue this ambitious project and share lessons learned along the way.

What you will learn if you listen to the episode:

- Real estate project challenges and solutions

- Building permits and zoning changes in real estate

- Expanding a real estate project from plan to execution

- Financing and finding partners for property development

- Importance of adapting to city rules for real estate success

- Benefits and impacts of lower interest rates in real estate

- Lessons on patience and planning in real estate development

SUPPORT US ON PATREON!

patreon.com/realestateeffect and become a part of our real estate family! You’ll get access to exclusive content, monthly virtual meetings [Ask me anything!], special events, and more!

And please subscribe to the show, share it with a friend and send us feedback. Visit www.realestateeffect.ca and follow me on IG @monsaxel

Timestamps:

📜 Securing building permits and facing zoning changes (02:15)

🏗️ Expanding the project to 43 units and adding commercial space (05:10)

💰 Financing challenges and finding partners for development (07:45)

📉 Impact of lower interest rates on real estate projects (10:05)

🤝 Working with the city and adapting to new regulations (12:30)

🏁 Lessons learned and future plans for the project (14:50)

Connect with Axel Monsaingeon:

Linkedin - https://www.linkedin.com/in/axel-monsaingeon-42577b28/

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

Facebook - https://www.facebook.com/realestateeffect/

Instagram - https://www.instagram.com/veryrealestateeffect/

Youtube - https://www.youtube.com/channel/UCc8EYrmO1aVvVIgwT7AfNFw

Do you have any questions about your real estate journey?

Whether you're curious about navigating the complexities of development projects, dealing with financial challenges, or anything in between, I’m here to delve into the topics that matter most to you.

I invite you to submit your questions by visiting our website at https://www.realestateeffect.ca/ and clicking on the 'Send Voicemail' widget on the right side.

Your inquiries will help shape our upcoming episodes, ensuring we cover the real estate issues you're most interested in.

What does it take to succeed in real estate investing?

In this episode, we dive into the journey of resilience, consistency, and the art of following up. Denis Gallico shares valuable insights from his career, emphasizing the importance of staying humble, learning continuously, and building connections in the field. His story reminds us that real estate isn't about instant success but about pushing through challenges with a long-term vision.

As we talk through the skills essential for success, Denis highlights the importance of problem-solving and knowing when to prioritize knowledge over quick gains. He reflects on how following up on deals and developing expertise can create opportunities others might overlook. This episode offers a realistic look at how consistency and a strong why keep you grounded and growing, even when the journey gets tough.

For those new to real estate or looking to improve, Denis’s experience provides practical advice on building the right habits and mindset. His honest take on raising capital and negotiating conditions reminds us that creating wealth in real estate takes grit and patience. Listen in to gain insights you can apply in your next steps and share a golden nugget you plan to implement next Monday!

What you will learn if you listen to the episode:

- Real estate investing for beginners

- Building resilience and consistency in real estate

- Importance of follow-up in real estate deals

- Problem-solving skills in real estate investing

- Learning from real estate experts

- Raising capital with confidence

- Long-term success in real estate

SUPPORT US ON PATREON!

patreon.com/realestateeffect and become a part of our real estate family! You’ll get access to exclusive content, monthly virtual meetings [Ask me anything!], special events, and more!

And please subscribe to the show, share it with a friend and send us feedback. Visit www.realestateeffect.ca and follow me on IG @monsaxel

Timestamps:

📈 Tips for young investors on staying hungry and humble (05:35)

💡 The value of problem-solving and long-term gains (10:30)

🤝 Raising capital and shifting the mindset about investor partnerships (16:19)

🔄 Consistency and the importance of follow-ups in deal-making (23:51)

🏆 Why resilience and a strong “why” matter in real estate (27:23)

Connect with Axel Monsaingeon:

Linkedin - https://www.linkedin.com/in/axel-monsaingeon-42577b28/

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

Facebook - https://www.facebook.com/realestateeffect/

Instagram - https://www.instagram.com/veryrealestateeffect/

Youtube - https://www.youtube.com/channel/UCc8EYrmO1aVvVIgwT7AfNFw

Connect with Denis Gallico:

Instagram: https://www.instagram.com/denis.gallico/

LinkedIn: https://www.linkedin.com/in/denis-gallico-23124724/

Do you have any questions about your real estate journey?

Whether you're curious about navigating the complexities of development projects, dealing with financial challenges, or anything in between, I’m here to delve into the topics that matter most to you.

I invite you to submit your questions by visiting our website at https://www.realestateeffect.ca/ and clicking on the 'Send Voicemail' widget on the right side.

Your inquiries will help shape our upcoming episodes, ensuring we cover the real estate issues you're most interested in.

What does it take to build lasting partnerships in real estate?

In this episode, I sit down again with Denis Gallico as we explore how collaboration drives success, starting with small projects and evolving into major investments. It’s about finding partners with complementary strengths, facing challenges head-on, and making strategic decisions together.

I reflect on how important it is to test partnerships through a proof of concept. It’s not just about building properties but also building trust and synergy within the team. We dive into balancing responsibilities, navigating financing hurdles, and staying aligned over time—even when life priorities shift.

From dealing with interest rate changes to handling unexpected investor issues, I emphasize the importance of adaptability and persistence. Real estate isn’t just about profits; it’s about the learning experiences that come with every deal, shaping who we are as investors and partners.

What you will learn if you listen to the episode:

- Building strong partnerships in real estate investment

- Finding partners with the right skills and strengths

- Testing partnerships with a proof of concept

- Staying aligned with partners over time

- Managing financing and investment challenges

- Adapting to life changes while scaling investments

- Learning from real estate deals and experiences

SUPPORT US ON PATREON!

patreon.com/realestateeffect and become a part of our real estate family! You’ll get access to exclusive content, monthly virtual meetings [Ask me anything!], special events, and more!

And please subscribe to the show, share it with a friend and send us feedback. Visit www.realestateeffect.ca and follow me on IG @monsaxel

Timestamps:

🏗️ Partnering with experts in construction and capital raising (03:32)

📊 Managing risks, proof of concept projects, and scaling investments (05:29)

💰 Overcoming financing and investor challenges (17:06)

🏢 Closing large deals and navigating market shifts (20:29)

🎯 Key lessons on partnerships and stepping out of comfort zones (26:01)

Connect with Axel Monsaingeon:

Linkedin - https://www.linkedin.com/in/axel-monsaingeon-42577b28/

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

Facebook - https://www.facebook.com/realestateeffect/

Instagram - https://www.instagram.com/veryrealestateeffect/

Youtube - https://www.youtube.com/channel/UCc8EYrmO1aVvVIgwT7AfNFw

Connect with Denis Gallico:

Instagram: https://www.instagram.com/denis.gallico/

LinkedIn: https://www.linkedin.com/in/denis-gallico-23124724/

Do you have any questions about your real estate journey?

Whether you're curious about navigating the complexities of development projects, dealing with financial challenges, or anything in between, I’m here to delve into the topics that matter most to you.

I invite you to submit your questions by visiting our website at https://www.realestateeffect.ca/ and clicking on the 'Send Voicemail' widget on the right side.

Your inquiries will help shape our upcoming episodes, ensuring we cover the real estate issues you're most interested in.