#84 Investing in Canadian Multifamily with Darren Wright

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Darren Wright, despite facing the challenges of dyslexia and being an introvert, has demonstrated remarkable resilience and achieved significant success in his professional journey. He overcame academic setbacks in high school to forge a successful career as a licensed electrician, ultimately establishing and managing a thriving electrical contracting business.

Mr. Wright's academic pursuits include earning a Bachelor of Science in Computer Systems Engineering and a Master of Science in Machine Neuroscience, reflecting his commitment to continuous learning and technological innovation.

Furthermore, Darren Wright has received recognition as an accomplished Real Estate investor, with a diverse portfolio that includes house flipping and the acquisition of small multi-family rental properties. Following a personal setback involving the sale of his real estate holdings due to a divorce, Mr. Wright embarked on a fresh entrepreneurial endeavor.

In collaboration with his wife, Dorothy, he founded Infinite Properties Inc., a company focused on acquiring and managing multi-family apartment buildings through strategic joint venture partnerships. Infinite Properties actively employs the BRRRR (Buy, Rehab, Rent, Refinance, Repeat) model to identify investment opportunities. The company is responsible for overseeing all aspects of the investment process, from property acquisition and renovation management to comprehensive property management and accounting for all partners involved.

Best Way to Contact Darren:
infinitepropertiesinc.com

Helpful Links:
https://www.linkedin.com/in/the-darren-wright

Episode Highlights:
In this episode, Darren Wright  recounts his journey from house flipping to transitioning into multifamily property investments. He sheds light on Canada's unique financing structure facilitated by the Canadian Mortgage and Housing Corporation (CMHC), allowing for higher loan-to-value ratios and extended amortization periods. Darren explains his approach to discovering deals, including leveraging MLS listings and pursuing off-market opportunities through advertising.

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LET’S DO SOME DEALS!!! Contact Mason to JV/partner on deals or passively invest by either emailing him at mason@scalablerei.com

Schedule a call with Mason by using this link here: https://calendly.com/mason-klement/30min

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