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Welcome back to Contractor Evolution!

This is episode 3 of the Wealth Builder series.

Justin Bontkes is the founder and principal of Caliber Projects, a construction management and general contracting firm working on some of the most exciting real estate developments in BC.

In many ways, Justin is the perfect case study for how contractors can build wealth through real estate investment alongside their core operating business.

In 14 years, Justin has gone from a bags-on framer flipping houses on the side to leading Caliber’s team of 85 and building over $150 million in low-rise and high-rise projects.

Through a dedication to constant learning and an eye for undervalued real estate, Justin has grown an award-winning company and amassed personal wealth, security, and freedom for himself and his family.

In today’s conversation, Justin breaks down the following:

- Why, for contractors at least, the concept of “diversification” might actually be a bit overrated
- How to avoid “killing the golden goose” by taking your eye off the ball with your core business as you endeavor into real estate
- Lastly, he takes us through his personal investment strategy, how he analyzes land deals, and where he seeks to ADD value to properties and force their appreciation

00:00 - Intro
02:25 - Justin's Construction and Real Estate Journey
10:11 - Why do contractors naturally gravitate towards real estate?
14:24 - 401Ks & RRSPs vs. DIY wealth-building
19:52 - Keep your eye on the ball
24:38 - Ensuring a healthy risk profile
27:51 - Justin's investment strategy
37:21 - Sweat Equity: What improvements boost value the most?
42:49 - Should I pay off the primary mortgage or stay liquid for other investments?
48:13 - STRs
50:41 - Finding success in inflated markets
54:23 - Does becoming a sophisticated Real Estate investor improve your business game?

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