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(8) Refugee to Real Estate Developer; An Important Canadian Story!
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In this episode, we delve into the remarkable journey of Kosta, a Bulgarian refugee who arrived in Canada in 1990 and transitioned into a successful real estate developer in Toronto. Kosta recounts his initial years working as an electrician and then starting his own renovation business. Through determination and a passion for building, Kosta eventually embarked on his first major development project. He details the challenges he faced, including navigating the complexities of construction during the COVID-19 pandemic, managing risks, and the importance of assembling a reliable team. Kosta also shares insights into his long-term goals, strategies for overcoming doubts, and his invaluable lessons about patience and persistence in the real estate industry.
- First Steps into Real Estate Development
- Navigating Financial Risks and Securing CMHC Financing
- Building a Strong Team In Real Estate Development
- Securing Permits and Overcoming COVID-19 Challenges
- Hands-On Developer Experience
- Navigating Construction Challenges
- Building Relationships with Neighbors
- Becoming a Landlord
- Implementing Geothermal Systems
- Reflecting on Lessons Learned
- Advice for Aspiring Developers
For more information, please refer to RealEstateDevelopmentInsights.Com.
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