Alexis Assadi
Alexis Assadi is a Canadian entrepreneur and financier. Based in Vancouver, he focuses his practice on funding real estate projects and commercial ventures across North America. In almost all cases, Alexis Assadi invests in real estate via debt instruments. He collateralizes his loans through the use of mortgages, liens and charges on property. As such, he and his team have a breadth of experience in the real estate sector.
Alexis Assadi was born in Switzerland. He has lived in Thailand, Hong Kong and Australia. He earned a bachelor of arts degree in political science in 2010 from the University of British Columbia.
Outside of business, Alexis Assadi is an avid reader and writer. He is deeply interested in politics, history, international affairs
What do you know about the real estate industry?
Real estate comprises a heavy part of my business. We often secure our loans with property through the use of a mortgage. As such, I’m in regular contact with realtors, brokers, attorneys, developers and the like.
I try to do as much business as possible in larger cities with robust economies. I find those markets to be more stable for a real estate investor. While there may not be as much room for capital growth in well-developed areas, that doesn’t really affect a lender too much. I’d rather fund a project in an area that can maintain prices instead of places that are extremely volatile.
Have you ever sold real estate? How did you make it happen?
As a lender, there’s always the risk of us foreclosing on a property in the event of a default. After that, a sale would likely take place. Fortunately, I’ve never been in a position where I’d have to do that. We try to avoid litigation and conflict in general at all cost.
How much experience do you have in buying or selling real estate?
I’ve financed various real estate purchases over the years. I’ve done both commercial and residential projects. My funding is often used to purchase or upgrade a property. I’m also frequently paid out through refinances, where other lenders come in and take my place.
Have you ever made a sale or a purchase you have regretted?
Not in real estate, thankfully. However, I’ve made purchases in the stock market that I later regretted. I’ve found property investing to be more predictable than other asset classes that I’ve worked with in the past.
What advice would you give inexperienced people who are wanting to buy or sell?
Take enough time to do your research. Property is usually the largest purchase a person will ever make. As such, it’s important to make sure that it’s right for you. Moreover, try to have your financing in order.
What have you found out to be the best way to market property?
Word of mouth is key. Realtors and mortgage brokers are plugged into the business and can be a good source of referrals.
What tools do you believe are essential for success in the real estate industry?
It’s critical to be able to calculate potential returns on an investment in real estate. One should know their market well enough to make reasonable predictions about gains or losses.
What has real estate taught you about life?
As with real estate, life is improved through fruitful relationships. In the property word, that can translate into cash. In life, it can mean increased happiness.
How can you use what you have learned in real estate to succeed in other areas?
Real estate is a team sport. It’s made easier through relationships, referrals and trustworthy partners. The same can often be said for other areas.
Do you have a mentor who taught you what you know?
No, I don’t have a mentor.
Do you have a feedback system? How does it work?
I have a great team of business partners, lawyers and accountants who help assess my investment opportunities. I consult them prior to each deal to gain advice in areas that I may not know.
