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Dylan Suitor Closes Exciting Real Estate Deals in 2021

2 Mins read

Despite the negative effects COVID-19 had on the real estate space and many other businesses, it appears that normalcy is returning again. The Canadian Real Estate Association released a forecast with hopeful predictions for the real estate market in 2021, projecting that national sales will reach an 11.1% increase from the levels in 2019, and the national average price is predicted to rise by 13.1%. With positive predictions for the real estate market in 2021, investors can look forward to the financial benefits that await following COVID-19.

Dylan Suitor is one real estate investor who has greatly succeeded in the real estate market space in 2021. Over the years, Dylan has acquired over 300 units of real estate, amounting to about $60 million of real estate investments. He has developed a real estate agent business in the top 0.1% of Canada, Elevation Realty Network, and is the owner of Keller Williams Co-Elevation. With such success in real estate investing, Suitor is always striving to push his potential and set ambitious goals for his future, and closed some of his biggest deals this past month.

In June 2021, Suitor closed five apartment buildings for clients and two for Suitor himself. One of the apartment buildings is an 88-unit building in London and is a 25-year government grant loan. This limited the leverage Suitor and his other investors could have on it to 25%. Despite having to get creative with finances, Suitor and his JV partner were able to put in $2.5 million as the first mortgage and are working with the city and CMHC application to have 70% leverage on it. Gaining 70% leverage would grant Suitor and his partners six figures of cash flow annually and the building will be two to five times more than its current value once the grants fall off in 17 to 22 years. Although this investment is long-term, it will pay off greatly in the future and create long-term wealth for both Suitor and his partners.

The second building Suitor invested in was a 60-unit retrofit project. The project has commercial units, residential units, and many value creations, including lockers, laundry, loft-style unit conversions, and an underground parking garage. This will be approximately a six- to 18-month project and will have upwards of $7 million in value creation. The location also brings many values, with it being situated across from Hamilton’s Gage Park and will be close to the future LRT line. Suitor predicts this project will be a successful BRRRR (Buy, Rehab, Rent, Refinance, Repeat).

Although these recent deals are exciting and will be highly profitable, Suitor is still seeking to improve himself in his real estate endeavors and has many goals for the future. Currently, he is working toward having 1,000 doors by using his valuable knowledge of real estate investing and working with his team. Suitor also hopes to continue to coach and develop his real estate agents to better them as not only agents, but also as investors, helping them build a life for themselves. Suitor is excited about what 2022 holds and hopes to provide more value to others whenever possible, and hopes to help others improve their life and business through sharing his knowledge and experience about real estate.

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DN News Desk is the editorial wing of Digital Nod, an award-winning digital PR & marketing agency. Committed to delivering timely and insightful news coverage of global events, DN News Desk's team of seasoned journalists and editors ensures that readers are well-informed about the latest developments across various domains. With a finger on the pulse of current affairs, DN News Desk strives to provide accurate, balanced, and thought-provoking articles that shed light on the ever-evolving global landscape. From breaking news to in-depth features, DN News Desk's contributions aim to empower readers with knowledge and perspectives that matter.
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