00:00.20

wongga

Welcome investment community this is garret wag your host of the investing to win podcast today I have the pleasure of hanging out with Kyle Konik Kyle how are you I'm doing well gar. Thank you so much for having me. Oh I really appreciate it. Um I'm really looking forward to this I've been trying to get you on the show for a bit.

00:00.23

Kyle

Welcome and your home here.

00:06.19

Kyle

With hard do I have pleasure any noble cost Kyle how are you I'm doing well Garrett thank you so much for having me I really appreciate I'm really looking forward to this want to get you on the shoulder for a bit. Um, let's start by telling the audience looking for both yourself. What's your story and your back.

00:19.40

wongga

Um, let's start by telling the audience a little bit about yourself. What's your story and your background absolutely gared. Thanks again. Thanks again around me. Um, you know my background you know one a big boring guy. He's colonin born and raised. You know.

00:24.93

Kyle

Absolutely garret. Thanks again. Thanks again for having me, um you know my background you know, Winnipeg borning guy east coonin um, you know, born and raised you know back in the day. Um, ah sorry Garrett I apologize.

00:36.79

wongga

Back in the day sorry here. That's okay, all guys all right. Let's go with so just no problem at all. No honestly, it's ah that's why we're editing. This is not a live show all right.

00:42.82

Kyle

Sorry I was. No pro I that that's what we're in. Okay, okay so call I Don tell that radio about your it's your story no absolutely garret. Thank you.

00:55.57

wongga

So Kyle why don't you tell us or the audience a little bit about yourself. What's your story and your background. No absolutely gared. Thank you, you know my story is I'm I'm a what day guy you know I'm a construction guy developer and in with they mentalho and and Western Ontario

01:03.66

Kyle

Ah, you know my story is I'm I'm a Winnipeg guy. Um, you know I'm a construction guy a developer in in Winnipeg Manitoba and and Western Ontario um you know super exciting to be here today and you know hopefully we have some some good conversations. Um.

01:14.30

wongga

You know, super exciting to be here today and you know hopefully we have some some good conversations. Um, you know my story you know, ah grew up in Winni Pigg like I mentioned um you know went to Red River college as a civil engineer technologist. You know, kind of.

01:21.40

Kyle

You know my story you know, ah grew up in Winnipeg like I mentioned um you know went to Red River college as a civil engineer technologist. You know, kind of more focusing on the architectural side of things. So my early career in schooling. You know again comes from Winnipeg.

01:32.54

wongga

More focusing on the architectural side of things. So my early career in schooling. You know again comes from Winnipeg. You know did a lot of summer summer work experiences with you know with red river which was excellent that you know put boots on the ground.

01:40.64

Kyle

Ah, you know did a lot of summer summer um work experiences with you know with red river which was excellent it you know, put boots on the ground you know I started off you know working one summer believe it or not at the city of Winnipeg you know doing public works so that was really cool.

01:51.39

wongga

You know I started off you know working one summer believe or not at the city of Winnipeg you know doing public works so that was really cool. You know I did everything from you know railway inspections the road inspections you know land development and whatnot. Um, you know my second.

02:00.53

Kyle

Ah, you know I did everything from you know railway inspections to road inspections to you know land development and whatnot. Um, you know my second in my second year worked for a company called stantek and I did more surveying which as well.

02:10.58

wongga

My second year worked for a company called stantek and I did more surveying which is well you know entailed with you know more Municipal Municipal things with the land development side of things. So basically that was working.

02:18.30

Kyle

You know, entailed with you know more Municipal Municipal things with the land development side of things. So basically that was working quite extensively on sewer Water Lds you know building roads you know retention ponds so I was kind of a.

02:28.19

wongga

Quite extensively on sewer Water Lds you know building roads you know retention ponds so I was kind of ah you know the inspector on the engineering side of that so that was kind of ah a really cool early work experience that I had um.

02:37.33

Kyle

You know the inspector on the engineering side of that so that was kind of a ah, really cool early work experience that I had um you know even prior to that I did you know some experience in Toronto where I have some family members where I also did the ah.

02:46.35

wongga

You know, even prior to that I did you know some experience in Toronto where I have some family members where I also did the you know commercial commercial building but you know really just the un buck in the in the team really doing you know.

02:56.90

Kyle

You know, commercial commercial building but you know really just the young buck in the in the team really doing you know, database management and you know onsite inspections but you know I was like 1516 at the time so you know at the time we were.

03:04.30

wongga

Database management and you know onsite inspection but you know I was like 1516 at the time so you know at the time we were you know doing you know, big projects there with my stepfather walmarts strip malls. You know things like that. So you know I really kind of got to experience the you know pretty.

03:12.69

Kyle

You know doing you know, big projects there with my stepfather at Walmarts Strip Malls you know things like that. So you know I really kind of got to experience the you know pretty decent size projects at a very early age so that you know obviously was a big factor in how I got into you know, wanting to take.

03:22.96

wongga

Decentized projects at a very early age so that you know obviously was a big factor in how I got into you know, wanting to take you know the civil engineering you know at good River and you know really was ah, kind of a base point to my career.

03:32.53

Kyle

You know the civil engineering you know at Red River and you know really was a kind of a base point to my career. Okay, that's what you just who you behind me I so the fact that you're already called on.

03:40.70

wongga

Okay, that's that's really interesting So you I mean I have a lot of guests on here and you know the fact that you're you were already into commercial. Um I guess kind of almost from a very young age did that would you say that kind of wet your appetite for things to come in your later career. Oh for sure. Absolutely um, you know.

03:51.32

Kyle

I Guess kind of emotional very on need. Yeah I went your app coming Oh for sure. Absolutely um, you know it. It got me into commercial building which was basically you know you know you right? when I was you know young. Ah.

04:00.47

wongga

Me to commercial building which was basically you know you know right? when I was you know young. Oh sorry So okay, continue just say right when? yeah, just keep going. Yeah, it definitely. Ah, definitely helped you know.

04:09.60

Kyle

Um, sorry my bed usually just you yeah it. It definitely. Ah, definitely helped you know getting into that commercial industry so young because you know obviously after college I you know.

04:19.91

wongga

Getting into that commercial industry so young because you know obviously after college I you know that was what I was used to right I was used to that commercial side in the building and it was funny because you know design build is what we did when I was in Toronto and.

04:28.10

Kyle

Was what I was used to right I was used to that commercial side in the building and it was funny because you know design build is what we did when I was you know in Toronto and you know I worked for a design build company for a decade in Winnipeg as you know my first my first you know you know job and you know working on a ton of you know.

04:37.29

wongga

I worked for a design build company for a decade and Winnipeg as you know my first my first you know, know job and you know working on a ton of you know large commercial projects. You know, really early on in my career to you know which included hotels no restaurants.

04:47.34

Kyle

Large commercial projects. You know, really early on in my career too. You know which included hotels you know restaurants you know, churches, you know, pretty much anything commercial and light industrial. So you know my first couple projects were you know some hiltons and some fairfields. Um, which is.

04:55.84

wongga

Churches you know, pretty much anything commercial and light industrial. So you know my first couple projects were you know some hiltons and some fairfields which is you know fairly large projects being sold green under the you know right out of school.

05:07.23

Kyle

You know, fairly large projects being so green out of the you know right out of school. You know what? what do I Know you you learn, you know you learn a little bit in school for sure. But you really learn when you're you're in the field and and you're you know, actually you know proceeding with your career. Yeah well you know.

05:11.53

wongga

What what do I know you you learn, you know you learn a little bit in school for sure. But you really learn when you're you're in the field and and you're actually you know proceeding with your career hundred percent okay well you know what sticks out in my mind when I hear the name Kyle kotannik is ah.

05:26.25

Kyle

Thing what I hear Fa is in data of built I remember building your open next year so um can use the audience or this technique project. Absolutely absolutely. So.

05:31.50

wongga

Innovative building techniques I remember an apartment building that you were constructing when we met a few years ago can you tell the audience about this technique for that project. Absolutely absolutely. So after the you know the.

05:45.10

Kyle

After the you know the the construction the commercial building you know, getting into real estate was really a super you know large highlight of my you know my career and and you know being that you know real estate and esther and developer that you know I'm proceeding you know, moving forward. You know one of the first.

05:47.36

wongga

The construction of the commercial building know getting into real estate was really a super you know large highlighted by you know my career and and you know being that you know real estate and investor and developer that you know proceeding you know, move forward. You know one of the first you know large real estate development project that we did.

06:03.71

Kyle

You know larger real estate development project that we did here in Winnipeg was ah was a modular construction project and that modular construction project was you know one of a kind in Winnipeg. You know it's it's definitely done. You know around western canada you know Eastern Canada but there was really nothing.

06:06.84

wongga

Here in Winnipeg was was a modular construction project and that modular construction project was you know one of a kind in Winnipeg and you know it's definitely done. You know around western canada you know Eastern Canada but there was really nothing.

06:23.49

Kyle

Ah, modular done multifamily wise in Winnipeg until Leola Village which is in transcona here in Winnipeg quite a unique build. You know you know during my earlier career. You always learn a little bit about different you know building you know.

06:23.87

wongga

Modular done multifamilywise in Winnipeg until Leo Village which is in tren going up here in wenipeg quite a unique build. You know it's you know during my early career. You always learn a little bit about different you know building you know. Techniques and you know there's innovative things here and there but you know modular really caught my attention. You know you built you you build it in a factory basically and you're building a building and breaking it down into sections which is quite unique. You know, basically.

06:41.18

Kyle

Techniques and you know there's innovative things here and there but you know modular really caught my attention. You know you're built you build it in a factory basically and you're building a building and breaking it down into sections which is quite unique. You know, Basically what you'll do is is it's at the Factory assembly line where.

06:57.22

wongga

What you'll do is is it's a factory assembly line where I sit like I said sections of the buildings are built. So if you think of an apartment you break down you know, call it 60 rooms which this is what you know the old village was it was 60 units. You know a mix of 2 bedrooms and 1

07:00.86

Kyle

I said like I said sections of the buildings are built. So if you think of an apartment you break down you know, call it 60 rooms which this is what you know Leola Village was it was 60 units. You know a mix of 2 bedrooms and 1 you essentially break it out into modulars and you you know you cut it out.

07:15.86

wongga

Essentially break it out into modulars and you know you cut it out. You cut it up and hits the assembly line and you know you have different parts of the the factory that do certain things right? So so let me okay, let me wrap my head around this. So I mean I'm familiar with.

07:19.41

Kyle

Cut it up and hits the assembly line and you're you know you have different parts of the the factory that do certain things right? So so let me let me wrap my arrow. Well I are familiar with turn D Yeah me home Yeahp where.

07:35.43

wongga

Term rtm right ready to move homes where you know for the audience who are not familiar. That's where you know you're building a home offsite. Um I imagine the construction crew puts down foundation. Maybe you know sub for electrical and then they literally ah you seen these large projects rolling down the highway with.

07:39.13

Kyle

Are not familiar. That's palm off society are imaginegi. Crew goes down foundation if you study for next and then you better, you've seen these learn we got yeah, don't fly things like that that we're talking about actually well.

07:54.47

wongga

You know, wide loads and things like that. But you're talking about an actual what like 1 apartment unit built or is it room by room. It's it's essentially room by room. So every project's different, but the way that we did like depending on where you're building. You know we want to take there's certain road restrictions. You know you go to Ontario there's.

07:58.50

Kyle

What like 1 of the us hills there is it. It's it's essentially a room by room. So every project's different, but the way that we did like depending on where you're building you know in Winnipeg there's certain road restrictions. You know you go to Ontario there's you know, even harder restrictions. So you know.

08:14.39

wongga

Even harder restrictions. So you know your modulars are are less. They're more narrow whereas in you know, Winnipeg with our highways. We're allowed to build up to twenty two feet wide so you think of you know, an average room. You know for leola we were able to you know fit a section of the room and the hallway.

08:17.23

Kyle

Modulars are are less. They're more narrow whereas in you know, Winnipeg with our highways. We're allowed to build up to twenty two feet wide so you think of ah you know an average room. You know for leola we were able to you know fit a section of the room and the hallway and you know maximize.

08:34.36

wongga

And you know maximize you know, load widths. So basically it's not necessarily one one modular is 1 room. You have two modulars would usually make up 1 one average size you know apartment room but think of it this way too because you can utilize length as well. So.

08:36.30

Kyle

You know, load widths. So basically it's not necessarily one one modular is 1 room you know two modulars would usually make up 1 1 average size you know apartment room but think of it this way too is because you can utilize length as well. So. Leola I think some of our max loads were twenty two feet wide by sixty feet long so you can imagine the you know the challenges that come with modular and particularly with multifamily because you obviously want to maximize you know, shipping transportation you know because that's ah you know that's a huge cost to.

08:51.98

wongga

Leola I think some of our max loads were twenty two feet wide by sixty feet long so you can imagine oh wow. Okay, 1 of the challenges that come with modular and particularly with multifamily because you obviously want to maximize you know, shipping transportation you know because that's ah you know that's a huge cost to.

09:11.38

Kyle

You know to this type of you know system. So you know in particular with with Leola like I mentioned you know residential it was an infill development that that project needed. You know hydrolines down you know police escorts. It was quite unique and quite quite interesting. You know I was definitely.

09:11.47

wongga

To this type of you know system. So you know in particular with with Leola like I mentioned you know residential it was an infill development that that project needed. You know higher lines down you know police escorts. It was quite unique and quite quite interesting. You know I was definitely.

09:31.12

Kyle

Definitely was a staple of my career so it spy units and you're saying like I assume the heart might that groups. But I mean 60 minutes how many mos talking. Obviously you're not just doing it all in days making this all the time.

09:31.13

wongga

Definitely was a staple of my career so 60 units. Um, and you're saying like I've seen the hydro lines and the police escorts. But I mean 60 units how many modules we talking about? Obviously you're not just doing it all in a day so you're having to do this multiple times.

09:48.93

Kyle

Yeah I believe for those units there was approximately like a hundred hundred ish modus although not a hundred percent on that. But I believe it was approximately a hundred wow there. Um, so that I mean talk to me about planning that I mean when I think I actually like.

09:49.10

wongga

I believe for those those units there was products made like one hundred hundred Ish modules although not a hundred percent on that. But I believe was approximately a hundred wow. Okay, um, so then I mean talk to me about the planning of that I mean when I'm thinking I actually when I when i. Wanted to have you on I little I have to admit I did a little bit of research I naively assume that one unit you know, maybe you could just piece together in all these lego blocks. But when you're you've got a hallway in maybe a bedroom and then you've got a kitchen in the dining room you have to stick them together. What does that look like on the computer side There's definitely constraints when it comes.

10:08.82

Kyle

You want? Yeah give a little bit your time. Yeah, ah you you that you know make keep your piece together and months. Yeah, you, you got a holy and veteran in the dar and yeah, never on the computer side. There's. Definitely constraints when it comes to the design with modular so you know a lot of the times when people look at modular they have you know a preliminary architectural design that you know definitely needs tweaking when it comes to you know looking at it modular. You know there's there's without a doubt Only there's limitations and there's certain.

10:28.54

wongga

Design with modular so you know a lot of the times when people look at modular they have you know a preliminary architectural design that definitely needs tweaking when it comes to you know looking at it modular. You know there's there's without a doubt and only there's limitations and there's certain you know design criteria that you have to meet because you're essentially.

10:44.88

Kyle

You know design criteria that you have to meet because you're essentially you're fitting everything in a box and you're breaking it down so you can you have marriage walls. You have you know connection points that you know create larger or sorry wider openings. You know your door paths your hallway past where the connection points are.

10:48.50

wongga

Fitting everything in a box and you're breaking it down so you can you have marriage walls. You have you know connection points that you know create larger or sort of wider openings. You know your door paths your holly paths where the connection points are are not average, right? you get sometimes you'll have you know twelve inches plus

11:04.24

Kyle

Not average, right? you get sometimes you'll have you know twelve inches plus you know of openings openings and your you know your door frames have returns and there is a lot of things you can do but there is certain constraints that you have to meet you know, meet to allow shipping and transport. Okay.

11:08.90

wongga

You know openings openings and your your door frames have returns and there is a lot of things you can do but there is certain constraints that you have to meet you know, be to allow shipping and transport. Okay, so what are some of the advantages.

11:24.00

Kyle

So what are I'm gonna be adapt I mean all you and your company chose to do this not just doing wow thing. Yeah, really what I should want absolutely um, well modular. First of all, you build it in a factory quality control is.

11:27.60

wongga

I mean obviously you and the company chose to do this. Not just for the wow factor but there must have been real reasons. Why don't you outline some of those absolutely um, well modular. First of all, you build it in the factory quality control is like not none other.

11:43.47

Kyle

Like not none other compared to you know, conventional construction where you're building on site. You're disrupting neighborhoods. You know for a long period of time modular. You build the buildings in a factory so you still have the constants. You know your civil work your site work.

11:45.52

wongga

Compared to conventional construction where you're building on site. You're disrupting neighborhoods. You know for a long period of time modular. You build the buildings in a factory so you still have the constants. You know your civil work your site work.

12:03.33

Kyle

Your foundations you know all that kind of remains the same in terms of you know site build the modular is is kind of foundations up. So what happens is you really you cut that time down to a fraction. You know where where you'd take a year on site to build a project.

12:03.99

wongga

Foundations and all that kind of remains the same in terms of you know site build the modulars. It's kind of foundations up. So what happens is you really cut that time down to a fraction. You know where where you take a year on site to build a project where you could be six months

12:21.91

Kyle

You know you could be six months with modular. Um, but again every project's different that particular project I believe it was around eight months we did from start to finish for 60 units with sitework and we did have some you know some major delays with you know.

12:23.47

wongga

Modular. Um, but again every project's different that particular project I believe was around eight months we did from start to finish for 60 units with site work. Wow and we did have some you know some major delays with hidden winter and having you know some crane problems and yeah yada.

12:38.41

Kyle

Hidden winter and having you know some crane problems in yaday yada but you know overall we we reduced our on site time to I would say about 65% something like that. There's you bill exactly? yeah that.

12:42.80

wongga

But you know overall we reduced our own site time to I would say about 65% or something like that compared to having a site stick build putting up fences all those different types of things that other developers go through correct that you know it if you factor in the preconstruction time it.

12:56.89

Kyle

Correct you know any if you factor in the preconstruction time it. It certainly advances preconstruction but it's sorry it advances the time you spend on preconstruction but it decreases your onsite build and your financing and all that right.

13:01.98

wongga

Certainly advances preconstruction but it's or sorry it advances the time you spend on preconstruction right? but it decreases your onsite build and your financing and all that right? So there's advantages you know when it comes to your economics of the project as well. Um, you know obviously your're.

13:15.25

Kyle

So there's advantages you know when it comes to your economics of the project as well. Um, you know Obviously you're you're preplanning your pre-building. You're still paying but when you transport it depending on the deal you have with the modular builder. You know how that all plays out you know at the end of the day you're.

13:22.80

wongga

Preplanning youre prebuilding. You're still paying but when you transport it depending on the deal you have with the much of a builder. You know how that all plays out you know at the end of the day we saved money when it came to the you know the soft costs versus you know, being on site heating and hoarding and then and building.

13:33.42

Kyle

We saved money when it came to the you know the soft costs versus you know, being onsite heating and hoard and and and building right? Okay life I mean you hear breaking through her being stole. Oh yes, you you could have overate all them.

13:41.66

wongga

Right? Okay I mean you hear about break-ins materials being delivered those being stolen you you could have avoided all of that with modular because everything's done in a secure Factory essentially correct your your on-site work is a lot less so you still have to seem everything together. You know.

13:52.54

Kyle

Your doctor correct your your on-site work is a lot less so you still have to seam everything together you know, crane all the you know call it legle blocks. It's always a good term and a easy way to understand when you when you crane all the modulars together.

14:01.35

wongga

Bring all the you know call it legal blocks. It's always a good term an easy way to understand when you when you crane all the modulars together. You still have to do your you know your floor seams your drywall patching. You know your electrical and plumbing connections. But again, they're designed in a way where there's pathways.

14:09.53

Kyle

You still have to do your you know your floor seams your drywall patching. You know your electrical and plumbing connections. But again, they're designed in a way where there's pathways. There's um, you know, connection points that you know make a lot of sense to the layout. So that was one of the you know the biggest.

14:21.19

wongga

<unk>s you know, connection points that you know make a lot of sense to a layout so that was one of the you know the biggest you know Design factors is you know what? what? and how the layout works together and you know in terms of time saving is by far you know one of the.

14:29.10

Kyle

You know design factors is you know what? what? and how the layout works together and you know in terms of time saving it. It is by far you know 1 of the coolest techniques I've seen okay well something that scales how small is too small. Maybe yeah.

14:40.27

wongga

Coolest techniques I'm seen. Okay, well talk to about what scale here I mean how small is too small I mean is there an economy of scale where using a modular you know building technique doesn't make sense for example, a 50 unit versus an eightplex it depends on location as well. But.

14:48.94

Kyle

Where you know buildings can because they sense meta.

14:56.92

Kyle

It depends on location as well. But I wouldn't recommend you know if you're going to do a duplex. Let's say I wouldn't do one duplex and do it modular. But if there's a quantity of scale there where you have multiple units and multiple buildings. Um.

15:00.19

wongga

Wouldn't recommend. You know if you're gonna do a duplex. Let's say I wouldn't do one duplex and do it moular. But if there's a quantity of scale there where if you have multiple units and multiple buildings. Um, that is's for sure you know there's for sure savings there but you know when you talk multifamily.

15:13.60

Kyle

Then it's for sure you know you know there's for sure savings there but you know when you talk multifamily you're talking three stories I would say like a twelveplex would be. You know I wouldn't look at modular if it's less than 12 just because there there is premiums but at the same time.

15:20.40

wongga

Talking three stories I would say like a quax would be you know I wouldn't look at modular if it's less than 12 just because there there is premiums but at the same time you know you got to look at the soft cost to non-site side of things. Okay, so let's get into the weeds on that a little bit because I'm I'm really curious.

15:31.70

Kyle

You know you got to look at the soft cost and onsite side of things. Okay, it needs on that I'm pretty curious so I does mean that having mean spells anything cold water Yes thela of anything else slighting I'm almostssuminging there.

15:39.20

wongga

So I'm assuming that having things built in a controlled environment plus delivery costs. Everything else is slightly more expensive I'm also assuming then though because you said it was done 65% faster yeah talk to me about that like holding costs versus like where does it shake out in the end.

15:51.20

Kyle

5% yes talk to you about holding cost libraries that should be heard well think of it this way we were able to preleaase um and start that process a lot sooner. So we you know obviously started taking names of our property manager and.

15:58.74

wongga

Think of it this way we were able to prelease and start that process a lot sooner. So we you know obviously started taking names with our property manager and you know essentially by the time the buildings arrived to the time that first tenant you know hit the door and the auimcy happened it was.

16:10.60

Kyle

You know, essentially by the time the buildings arrived to the time that first tenant you know hit the door and the occupancy happened it was. It's a lot quicker so you start you know, bringing in money sooner as well. That particular project was comprised of 4 buildings. So.

16:18.69

wongga

Lot quicker so you start you know, bringing in money sooner as well. Those that particular project was comprised of 4 buildings. So then we did 1 building at a time and we started you know erecting you know about the 1 building done went to the next one went to the next one went to the next one

16:28.52

Kyle

And we did 1 building at a time. You know we started you know erecting. You know we got the 1 building done went to the next one went to the next one went to the next one but we obviously had our crews in the erected you know, put together one and as soon as we possibly could you know with the collaboration of the site work.

16:36.60

wongga

But we obviously had our crews in the erected you know, put together one and as soon as we possibly could you know with the collaboration of the site we're you know finishing we were able to put people in that first building it was like 2 three months before you know the last building finished so you definitely start collecting rent and.

16:45.21

Kyle

You know finishing we were able to put people in that first building I think it was like 2 three months before you know the last building finished so you definitely start collecting rent and taking those advantages for the audience typically.

16:55.84

wongga

Taking those advantages. Well right? because for the audience I mean typically in any real estate doesn't matter whether it's one of my flips or a larger project like this you're talking interest payments you've got insurance. Um, whole bunch of different things of property tax. Obviously until until you have money coming in so that's ah.

17:00.62

Kyle

On Microfips for project If you're talking dangerous payments. Yeah, got insurance whole bunch of different properties are basic. So. Express Well for talking about um am curious Great I. So yeah, you know there's open wall many standards, Especially what.

17:15.27

wongga

Wow. Okay, so talk to me about some I'm curious about permits because I'm trying to wrap my mind around this so in a traditional building. You know there's open walls. There's many stages of inspection. What happens in a modular project. So it's a big learning curve for.

17:29.26

Kyle

Ah, so it's a big learning curve for what was the city of Winnipeg or not what was but for the city of Winnipeg. It was a learning curve without a doubt. Um because they never they didnt did a multifamily project here. We definitely had to.

17:34.37

wongga

Was the city wanted to Bay or not what was but city it wasn't learning current without a doubt. Um because they never they did in a multifaly project here but we definitely had to you know, prove that the certifications that our particular builder had meet met the needs of.

17:46.68

Kyle

You know, prove that the certifications that our particular builder had met met the needs of you know the required national inspections and local inspections. So they have a certification which basically allows them to you know cover walls and and finish in the factory. So there is a you know.

17:53.80

wongga

You know the required national inspections and local inspections. So they have a certification which basically allows them to you know cover walls and and finish in a factory so there is ah you know a csa certification number that they have that allows them to complete that and most modular builders are all module.

18:06.26

Kyle

Csa certification number that they have that you know allows them to complete that and most modular builders or all modular modular builders would have that ah I would I would assume but the particular one that we use in Manitoba they're the largest and they they do have that.

18:13.60

wongga

Um, builders would have that I would I would assume but the particular one that we use in Manitoba they're the largest and they they do have that you still have your common inspections. You know all your site work is the same your final your your life safety inspections are the same with electrical your you know.

18:23.95

Kyle

You still have your common inspections. You know all your site work is the same your final your life safety inspections are the same with electrical your you know, final building inspections with you know your local commercial inspector that all stays constant but you don't have your you know your rough and inspection.

18:32.74

wongga

Final building inspections with you know your local commercial inspector that all stays constant but you don't have your you know your rough and inspection you you save a lot of time there right? because as some developers hear Knowde and it's worse in the summer when

18:42.49

Kyle

You You save a lot of time there right? As some developers you know and worse so with sectors difficult City you know? Oh yes, you character book. But I mean so it let's say you have logical. So.

18:50.17

wongga

Inspectors and you know typical of the city to be on holidays. It's really hard to get an inspector out but I mean so okay, so let's say you have a module that's built in the factory. It's delivered that might have your you know your lights your plugs switches are already.

19:01.76

Kyle

And the factor we delivered. Yeah might have your on your light bugs switches are already a yet done place on but those connected what's have to be done.

19:07.65

wongga

Maybe I guess done The cover plates are on but those connection points have to be done what whether the specifics there. So think of it this way this the building comes with everything including appliances installed you know, appliances are put in into the building. They're unpacked on site and they're they're.

19:14.19

Kyle

Specifics there. So think of it this way this this building comes with everything including appliances installed you know, appliances are put in into the building. They're unpacked on site and they're they're you know, put together. But your floorine's done your paint's on the walls.

19:26.90

wongga

You know, put together but your flooring's done your paints on the walls. All your roughins are completed. It's again, just connection point set at your service right? So your service is going to be constant. Your service comes into the building you stop to bring it in. Everything's preconduited and you still have to make those you know.

19:31.58

Kyle

All your roughins are completed. It's again, just connection point set at your service right? So your service is going to be constant. Your service comes into the building you still have to bring it in everything's pre-conduited and you still have to make those you know panel terminations. But you know it's it's it's.

19:46.24

wongga

Panel terminations. But you know it' say you don't have any of that rough it and all your roughins are done right? Multiple inspections are are yeah are basically done done with you didn't have to even have those No exactly so same thing goes with plumbing know you have your your street connections that come into the.

19:50.80

Kyle

You don't have any of that roughins. All your roughffins are done. There's a huge advantage. Yeah yeah, done done with you have those? No exactly so same thing goes with plumbing. You know you have your your street connections that come into the to the footprint or into the foundations. You just have to connect.

20:05.19

wongga

Ah, footprint or into the foundations. You just have to connect you know a and B which is you know much less. You know to Plum little place place and done Okay, all right? So um, let's let's talk about financing for a second here because modular I mean how.

20:08.43

Kyle

You know a to b which is you know much less. You know to plumb the whole place place it done. Okay, all right? So um, let's let's talkify it for a second. Yeah as modrator I mean how out of the bay I so financial institution for modular.

20:23.72

wongga

How do the banks the finance financial institutions look at modular projects. How do they handle you know construction draws or or things like that depends on the lender. But what I can say is the modular method is very. It's looked at very well across Canada so the average the large.

20:27.88

Kyle

Kind of you know construction job or it depends on the lender. But what I can say is the modular method is very. It's looked at very well across Canada So they average you know large lender they know you know they know the system they know that.

20:43.32

wongga

Lender They know they know the system they know that the quality control the the soundness of the building and the quality of the building is there So there's no issues when it comes to lending for modular we we didn't have any issues I guess it takes a lot of the guesswork out of it for the.

20:46.45

Kyle

Quality control the the soundness of the building and the quality of the building is there So there's no issues when it comes to lending for modular we we didn't have you know any issues I Guess it's a lot of the guess motive for the finance financial institution because they.

21:01.95

wongga

Finance financial institution because I mean these are tried and tested techniques. They can probably look at a resume of what the factory was turning out anyways. So you know the product is going to be good. Absolutely like I said in Central Canada. It's not as popular like.

21:05.10

Kyle

I Mean these are frightened needs. They can probably look have the resume yeah with factor know years you know, brought up absolutely like I said in in Central Canada. It's not as popular like like I was saying are are.

21:21.40

wongga

Like I would say our our partner is the largest Manitoba and 75% of what they build gets shipped out west so I'm surprised that Winni Bigg and manito with the climate that we have we don't use it more often. You know again, you know wood construction. You know.

21:23.56

Kyle

Partner is the largest in Manitoba and 75% of what they build gets shipped out west so I'm surprised that Winnipeg and Manitoba with the climate that we have we don't use it more often. You know again, you know wood construction. You know there is there's limitations on that. But.

21:39.88

wongga

There is only there's limitations on that. But for our weather that we have it' it's an it's a nobraer. Well yeah, we have such a short construction season. Why do you think that is why why would you guess that it's not been done here or at least on not a lot now you know what I think it's it's because there's not very many.

21:43.52

Kyle

For our weather that we have it's It's an it's an no-brainer for yeah, with for our consumer money as ask.

21:53.91

Kyle

You know I think it's it's because there's not very many. There's not very many builders in in Manitoba that have the factory space. You know there's there's only a few. Our partner is one of the largest and you know with experience with them is it's challenging to even get them to commit because of their.

21:59.15

wongga

There's not very many builders in in Manitoba that have the factory space know there's there's only a few. Our partner is one of the largest and you know with experience with them is it's challenging to even get them to commit because of their prior commitments. So you know there's a lot of there's a lot of.

22:13.80

Kyle

You know prior commitments. So you know there's a lot of there's a lot of things that go on into you know their business that are is quite extensive like they have ah you know 250 employees and it's there's so much pre-planning when it comes to modular that you know it's a lot of work to start.

22:19.60

wongga

Things that go on into you know their business that are is quite extensive like they have ah you know 250 employees and it's's there's so much pre-planning when it comes to modular that you know it's a lot of work to start a modular business off from scratch I could say that there is so many.

22:32.57

Kyle

Ah, modular business off from scratch I could say that there is so many things that you know even I Myself don't even you know comprehend. But you know there's divisions for everything like everything is put on paper like there is little to no waste in their production facilities with.

22:37.97

wongga

Things that you know even I myself don't even you know comprehend. But you know there's divisions for everything like everything is put on paper like there is little to no waste in their production facilities with for money for 1 instance would be the the wood caught up cutoffs you know, almost everything is used.

22:51.97

Kyle

for 1 for 1 instance would be the the wood caught ah cutoffs you know, almost everything is used so there is such an economical savings there as well. But just think of the planning that it would take for that like every stud is predrawn and marked out and you know cut by a machine.

22:57.40

wongga

So there is such an economical staance there as well. But just think of the planning that it would take for that like every study is pre-drawn and marked out and you know cut by a machine. So just the cost alone to develop a modular factory I would imagine that's astronomical.

23:09.77

Kyle

So just the cost alone to develop a modular factory. You know I would imagine that's astronomical. Yeah, that's great. Ah it for a typical builder. They perhaps up commit to it. Oh yes, like definite see that you know faster. Yes I think like it better.

23:15.15

wongga

Yeah, that's quite a pivot for a typical builder. You know they would have to almost commit to it So I could I could I could definitely see that you know, um, faster financial ah banks like it better. It almost sounds too good to be true. So there must be challenges what? challenges.

23:29.59

Kyle

Yeah goals. So which challenge did you find getting my head wrapped around the preconstruction and the amount of planning and time that you have to you know, plan out prior to breaking ground. You know you're so I'm so used to.

23:34.24

wongga

Did you find through this project getting my head wrapped around preconstruction and the amount of planning and time that you have to you know, plan out prior to breaking ground Now you're so I'm so used to you know doing your typical you know preconstruction with your.

23:49.24

Kyle

You know, doing your typical you know preconstruction with your you know your design your development you know financing. But then you throw the curveball of you know how much more pre-planning you have to do with the design because once.

23:53.10

wongga

Your design your development you know financing. But then you throw the curveball of you know how much more preplanning you have to do with the design because once once your drawings go to issue for construction. There's no turning back because the Factory's making it.

24:05.20

Kyle

Once your drawings go to issued for construction. There's no turning back because the factory is making it so I found that as a big challenge whereas normally when you're site building you know problems or changes and things come up and you can deal with them. You know you deal with them with ah you know a Pcn or you deal with them with ah you know, ah an addendum and.

24:09.94

wongga

So I found that as a big challenge whereas normally when your site building know problems or changes and things come up and you can deal with them. You know you deal with them with a you know a Pcn or you deal with them with ah you know, ah an addendum and you just don't have that opportunity with modular because once you start you know.

24:24.00

Kyle

You just don't have that opportunity with modular because once you start, you know that's it. It's a bit. It's built. Yeah, they are shoulder.

24:28.62

wongga

That's it. It's planned. It's built. Yeah, it's interesting in our pre-show here. There's discussion I was telling you I came from one of my flip projects and literally I was about to leave and then I asked my my contractor is there anything else any other decisions that you need for me today and he goes oh yeah, um, just wanted to confirm the location of the dishwasher.

24:34.22

Kyle

Project literally I was about to be and I asked my ah object was painting out any other decisions that you need today. Oh yeah, know we wanted to virtual picture of dishwasher. So okay and yeah had' looked at it. Do we ended up so reach start moving entire.

24:48.55

wongga

And yeah, like if I hadn't looked at it. Ah we ended up long story short moving this entire island over by like maybe eight inches and six inches forward because it would have created a pinch point for the flow of that kitchen. Yeah, but again in your.

24:54.18

Kyle

Over by 80 incident successs forward because it would have created a similar ways for the flow of that tension. Yeah of but again your eaold you don't have that opportunity know be completely plan. Yeah triple check.

25:04.84

wongga

Example I mean how do you? You don't have that so you have everything has to be completely planned and yeah Triple checked. Oh yes, and you you need to understand drawings as well. You know so soul that when the fish product comes you get what you want and you get what you expected right? so.

25:12.94

Kyle

Oh yes, and you you need to understand drawings as well. Um, you know So so that when the finished product comes you get what you want and you get what you expected right? So understanding the drawings and looking at the drawings and doing your proper diligence in your reviews is is definitely critical because.

25:24.21

wongga

Understanding the drawings and looking at the book drawings and doing your proper diligence in your reviews is is definitely critical because you can't change it and then how that design in the factory startup you know works with your you know approval process with the city because there is still the typical.

25:33.11

Kyle

Can't change it and then how that design in the factory startup you know works with your you know approval process with the city because there is is still the typical you know, typical drawing reviews that the city does so that timing with the factory production line spots is is something that is very critical.

25:42.22

wongga

You know, typical dry reviews that you see does so that timing with the factoryproduction blind spots is is okay and that is very critical and it's kind of the juggling act right? because if you're waiting and you time it wrong now your factor's idle. Well you've lost your spot next next meal.

25:51.19

Kyle

And it's kind of a juggling act right? because if you're reading climate law document title. Oh you've you've lost your spot next next you know Customer is coming onto the dock and then good luck getting back on the dock right? Okay is yeah, do do they to try and work.

26:01.21

wongga

Customer is coming onto the dock. Okay, good like getting back on the dock right? Okay because yeah, do they do they typically try to do more than 1 project or is it just like they're okay so there is it gets every every twenty four thirty hours they have one modular come in.

26:10.57

Kyle

Oh yes, yeah, there is ah I think it's every every twenty four thirty hours they have 1 modular coming in you know, coming out the door. So if you think of ah in a year you know there's 365 mods so you know your project does take up a good chunk of their factory space. So.

26:20.69

wongga

Coming out the door. So if you think of ah in a year you know wow're and 65 and live so you know your project does take up a good chunk of their factory space. So sitting idle with bad amount of employees is not an option right? No sorry guys I have to.

26:30.40

Kyle

City idol with that amount of employees is not an option right? three day you know we for week all yeah because planning on holiday of oh yeah, so damn yeah, anything yeah, it's quick. Cool okay, um, during our.

26:37.12

wongga

You know, wait for a week while you know because planning has somebody on holidays and we haven't got this stamped yet? Oh man can't even can't even imagine that's quite cool. Okay, um, during our pre-show you mentioned that you're working on another project. Why don't you tell us a little bit about that. Absolutely it's another modular project.

26:48.16

Kyle

Project what' you? Absolutely it's another modular project. This one is not in Manitoba this one is in Cunora Ontario I super excited about this one. This is ah it's a 68 unit build it is more of a residential development.

26:56.18

wongga

This one is not in Manitoba this one is in Cunora Ontario Super excited about this one. This is ah it's a 68 minute build is more of a residentials development. So what we're doing there is we're creating our you know phased approach to the you know the site the roads and the buildings.

27:07.79

Kyle

So what we're doing there is we're creating our you know phased approach to the you know the site the roads and the buildings but we're doing more of a you know a community. Basically we're doing and like ah you know a duplex and triplex style. You know we're kind of.

27:15.19

wongga

But we're doing more of a you know a community basic like we're doing like a you know a duplex and tripplex style. You know we're kind of. We're kind of miicing it as to some of the ski resorts in you know Western Canada you know because you know Cunora itself is very rocky.

27:24.61

Kyle

<unk>re kind of mimicking it as to some of the ski resorts in you know Western Canada you know because you know Cunora itself is very rocky. It's on the canadian shield the the land itself is you know there's some very interesting top topography. So we get that you know ski lodge vibe.

27:33.49

wongga

Um, the Canadian Shield The the land itself is you know there's some very interesting top but topography so we get that this he lodge vibe with ah you know a residential style development.

27:44.13

Kyle

With ah you know a residential style development. Okay or things tri correct 1 to exactly with with the smaller footprints we were able to kind of juggle the constraints of the site. So.

27:47.91

wongga

Okay, so there did you say sorry duplex triplex type things so separate buildings then but all onto ah 1 site exactly with with the smaller footprints we were able to kind of jungle the constraints of the site so it allowed us to pivot you know buildings turn buildings and.

28:02.35

Kyle

It allowed us to pivot you know buildings turn buildings and utilize and you know the the best parts of the terin because in cunora on the canadian shield. It's quite expensive to blast. So it's very yeah, that was probably 1 of the most pre-planning.

28:07.12

wongga

Utilizing. You know the the best parts of the train because Innora on the Canadian shield. It's quite expensive to blast. Yes, it's very it was probably one of the most preplanning most involved projects I've been on thus far and I've done some you know some.

28:20.34

Kyle

Most involved projects I've been on thus far and I've done some you know some pretty significant commercial builds. You know for other clients. But for this you know, ah personal real estate development. It was quite quite intense and we're we're just finishing up the design Now we're starting in the factory and we're super excited to bring this to cunora.

28:25.00

wongga

Pretty significant commercial builds. You know for other clients. But for this you know, ah personal real estate development. It was quite quite intense and we're just finishing up the design Now we're starting in the factory and we're super excited to bring this to kanora. So I'm.

28:40.23

Kyle

So they don't I'm familiar with more through the audience I mean picture one night tre 3 tons of there know lots ofation over here. So you're helping me prelanning society like medically and all you're building up city can nowhoways pla. Yeah, let's just do our lot of.

28:41.34

wongga

I don't I'm familiar with Cunora but for the audience I mean picture you know Lake Country Tons of rock around lots of elevation changes. So you're telling me for pre-planning on this site like typically you know you're building on a site here in Manitoba it's flat. Yeah, okay, okay, let's just dig our foundation and we're done but you have to.

28:58.87

Kyle

You have to plan. Yeah, every single know oh exactly and that was a learning cur for me too because im a manitoba builder and a manitoba developer. So I'm used to flat flat prairie you know with clay soils I'm not used to digging down. You know one location.

29:00.52

wongga

Plan every single yeah every single pin almost oh exactly and it was a learning curve for me too because have a man builder and a math of developer. So I'm used to flat flat Prairie it will play Soils I'm not used to digging down. You know one location A rock's coming out of the ground or another location. You're.

29:16.91

Kyle

Ah, rocks coming out of the ground or another location. You know you got eight eight feet of overburden like it's just too unique like let.

29:19.96

wongga

You got eight eight feet of overbirth and like it's just unique. So let's ah, let's transition a little bit and and maybe talk about your other real estate investments. Um, your commercial builder obviously very familiar with that sector. What kind of real estate investments.

29:31.71

Kyle

Very that sector what kind of essence. Do you need? yeah from issue. Absolutely like I started off with doing flips. Believe it or not you know, commercial building obviously and then starting you know, buying it buying duplexes and.

29:35.83

wongga

Do you have let's talk about maybe your portfolio and the types of properties in which you choose to invest Absolutely like I started off with doing flip believe we are not you know, commercial building obviously and then starting buying it buying duplexes and you know renovating buildings adding secondary suites.

29:51.49

Kyle

You know renovating buildings adding secondary suites. You know that was probably about five years ago and you know transitioning into you know this modular allowed us to do different projects. Um, but yeah, moving forward the you know the next couple years looks looks quite busy to to say the least. So.

29:55.38

wongga

You know that was probably about five years ago and you know transitioning into you know this modular allowed us to do different projects. But yeah, moving forward the you know the next couple years looks looks quite busy to to say the least. So right now we're we're working on ah, an exciting project.

30:10.40

Kyle

Ah, right now we're we're working on ah, an exciting project near the st patel mall um won't get into specifics on location but approximately you know 90 units. You know six seven stories of non-combustible construction.

30:13.98

wongga

Near the same thumbm all um, won't get into specifics on location but approximately you know 90 units six seven stories of noncombustible construction. So that was probably 1 of the biggest ones we're working on now which is you know.

30:26.82

Kyle

Ah, so that was probably 1 of the biggest ones we're working on now which is you know, probably a year year away from breaking ground. You know we're doing the rezoning and and subdivision now we're working on you know all our designs for plan approval and that.

30:32.71

wongga

Probably a year year away from breaking ground. You know we're doing the rezoning and and subdiduionale we're working on all our designs for a plan approval and that so we' certainly excited about this one. You know we're gonna go for that luxury theme. You know.

30:43.90

Kyle

So certainly excited about this one. Ah, you know we're going to go for that luxury theme. You know like I said non-combustible underground parking so that'll be probably 1 of the largest ones thus far you know, but other than that you know we have you know some of the modular rental units that we have you know duplexes.

30:50.50

wongga

Its a non-combustible underground parking so that would be probably 1 of the largest ones thus far you know, but other than that you know we have you know some of the modular rental units that we have you know duplexes and things like that. Okay, so I mean.

31:02.67

Kyle

And things like that. Okay so I need we're still talkinging building ground up rent show stuff. Um, ah, not not in multifamily. No, we kind of I stick to what I know in terms of the new builds I'm just more comfortable there. The renovations you know I've done that you know.

31:05.51

wongga

We're still talking about building from the ground up. Do you do any kind of like Retro reno type stuff I'm not not in multifamily. No, we kind of I stick to what I know in terms of the new bills I'm just more comfortable there. The renovations you know I've done that you know as a commercial builder and there's always challenges with.

31:21.40

Kyle

As a commercial builder and there's always challenges with you know renovations as I'm sure you know so I haven't really dove into that for the personal investments just because it's just not what I'm comfortable with okay but you heard it deep ride one exactly? yeah.

31:24.86

wongga

Renovations I'm sure you know so I haven't really dove into that for the personal investments just because it's just not what I'm comfortable with okay but you started out you cut your teeth on that a while back and yeah your surprises you know, opening up the.

31:39.93

Kyle

You found your surprises you know, opening up the older homes and you know whether it's nobbintuwiring or you know issues from the past builder that don't need code. So it's something that I'm trying to shy away from but you know moving forward. It's It's really more of the new builds and land development.

31:42.69

wongga

Older homes and you know whether it's not into wiring or you know issues from the past builder that don't be code so it's something that I'm trying to shy away from but you know moving forward. It's It's really more of the new builds and Land development opportunities. We have a.

31:59.80

Kyle

Opportunities We have a a project for doing where it's ah you know land a sole land development property where we're going to be selling residential lots and you know a couple multifamily lots Just you know off to the market. Oh I So cool that almost be wrong.

32:01.28

wongga

Project We're doing where it's you know, ah lack a sole land development property where we're gonna be selling residential lots and you know a couple multifamily lots Just you know off to the market I find it very so cool that you've kind of almost leapfrogged over you know? ah.

32:18.88

Kyle

You know a complain in slide that all of us have to kind of go through or think I but don't duplexus and trilexes in the north that handle the the transmission of all to eat. But I still have this heart branding fellow you know I Only that.

32:20.73

wongga

Ah, point in time that a lot of us have to kind of go through where you know again I started out with duplexes and triplexes in the north end and then transition to multi but I still haven't made my way to you know Brand New development. Um, you know I know like you said just maybe exploring that a little bit about.

32:38.71

Kyle

Exploring and little bit bubbles finding different surprises at Google yeahs um, versus you builds. Do you want to talk about maybe your advantages.

32:40.99

wongga

Finding different surprises as we all do in our Rentos um versus New Builds. Do you want to talk about maybe the advantages and disadvantages of new versus renovating renovating all the time. Oh for sure like if as long as you've got team for the new bills that you're comfortable with.

32:49.66

Kyle

New versus rently? well for sure like if as long as you've got a you know a team for the new builds that you're comfortable with is is so important that you have ah a good construction team and a you know good partners because you can get yourself into trouble if you.

32:59.67

wongga

So important that you have a ah good construction team and ah you know good partners because you can get yourself into trouble if you don't have the right builder or don't have the right team. So the new builds you know I I like it because it's what I know renovations.

33:08.88

Kyle

Don't have the right builder or don't have the right team. So the new builds you know I I like it because it's what I know renovations as small the project or as big as the project. There's always going to be surprises and that ultimately costs money right.

33:18.73

wongga

As small the project or as big as the project. There's always going to be surprises and that ultimately costs money right? So your you know your financing and your budgets are so different for renovations than they are for new builds. But I I Just personally love New Builds You know a lot better because you know it's just what what.

33:26.17

Kyle

So your you know your financing and your budgets are so different for renovations than they are for new builds. But I I Just personally love New Builds You know a lot better because you know it's just what what my team knows yeah plus no surprise no surprises. There is surprises. Don't get me wrong, but there's different surprises.

33:37.83

wongga

My team knows yeah well plus no surprises right? No surprise there is surprise Well I mean but you're not opening up a wall and finding you know who knows what right? exactly you're carrying your average contingencies that you normally would yeah new builds whereas it's sometimes impossible to quantify for for renovation.

33:45.83

Kyle

Yeah, who knows exactly you're carrying your average contingencies that you normally would with you know your new builds whereas. It's sometimes impossible to quantify for for renovation or you think like fun eating your yeah.

33:57.49

wongga

Okay, well you seem like a pretty driven person. Um, let's talk about maybe maybe you as an individual for a few minutes here what's the what's the hardest thing you've ever done. What's the hardest thing I've ever done. Oh boy that is a great question Garrett a hardest thing I've ever done.

34:05.50

Kyle

What's yeah, hardest thing. What's the hardest thing I've ever done. Oh boy that is a great question Garrett the hardest thing I've ever done I don't know if I can answer that um fool there was.

34:16.80

wongga

Know if I can answer that fool throwing some curveballs at you in terms of your personal no like it's literally a general question I know you were married recently. But I don't want to throw you under the bus for that. But my wife's listening like definitely yeah.

34:23.87

Kyle

And in in terms of you know your personal or the or the business. Yeah, well if my wife's listening I Definitely Ah, definitely don't want to answer that incorrectly. But you know definitely the the hardest thing I've ever done is really.

34:35.54

wongga

Definitely go want to answer that incorrectly but no definitely the the hardest thing I've ever done is really maintaining that balance you maintaining the balance between your your career your development career and your family life is certainly you know sometimes it can have its challenges. Don't give your own.

34:42.35

Kyle

Maintaining that balance you know maintaining a balance between your your career your development career and your family life is certainly you know sometimes it can have its challenges. Don't get me wrong because you're working so much and you know balancing that time to actually breathe is is something that.

34:54.40

wongga

You're working so much and you know balance in that time to actually breathe is is something that you know we need to do more often. You know I personally need to do you know every developer every person in business just really needs to you know, sit down and and make sure they take the time for themselves I Think that's very critical.

35:00.75

Kyle

You know we need to do more often. You know I personally need to do you know every developer every person in business just really needs to you know, sit down and and make sure they take the time for themselves I Think that's very critical Personally I you know I and very much enjoy going to the Lake you know enjoying you know, nature and.

35:13.97

wongga

Personally I you know I Very much enjoy going to the Lake you know, enjoying know nature and you know having a bonfire and just relaxing because it it kind of centers you yeah I call that recharging time rechargeing you know? um I like to practice work hard play hard. Yeah, definitely yeah.

35:20.30

Kyle

You know, having a bonfire and just relaxing because it it kind of centers you yeah recharge and time one hundred percent work hard. Yeah, definitely one of my radio a couple weeks. So just now. Yeah, but yeah.

35:33.20

wongga

1 of my I think I just released a video a couple weeks ago just about balance. Yeah, um, but yeah, it's so important. Um, absolutely why don't you tell us that an experience in your life that maybe shifted your thinking in a positive way experience in my life that shifted.

35:39.33

Kyle

Um, absolutely why don't you tell us experience life maybe prison making our public um an experience in my life that shifted there is a good question kemi.

35:54.77

wongga

Quick question. Okay, yeah, yeah, I'm just trying to think because that's a great question. Um I'll reask it when you're ready. Yeah, well, that'd be sorry I didn't write these down just because I find.

35:59.14

Kyle

Okay, I'm just trying to think because that's a great question. Um I we yeah no, thatd be excellent I didn know just because I fine like we're trying yeaht that no I agree I wanted to another five six minutes here sure just personal stuff. So.

36:10.73

wongga

Like we're kind of done with the modular stuff I don't want to beat it to death and I want to get another five or six minutes here of just personal stuff. So so we talked about a little bit about the future look and missing to win. Um here what was the question.

36:19.17

Kyle

Um, so we talked about a little bit about the future look investing to win. Um, he moves the question again. Um or cool. Yeah, like the rich dad poor dad as I started my.

36:27.54

wongga

Naming an experience during life that shifted your thinking in a positive way. So I'm I'm a more looking for like mentor or maybe you know something? Yeah, like the rich dad or dad. Yeah maybe I like absolutely yeah, okay, all here we go.

36:38.14

Kyle

My real estate career. Yeah, okay yeah I do yeah so one was we experience like year.

36:43.14

wongga

So why don't you tell us about an experience in your life that maybe shifted your thinking in a positive way. It's a very good question gar what I can say with that is as a part of my real estate career I I did take you know some learning courses through rich dad or dad.

36:48.22

Kyle

Yeah, it's a very good question garret. Um, what I can say with that is as a part of my real estate career I I I did take you know some learning courses through rich dad poor dad and I would say going to the seminars and and hearing success stories about different.

37:01.14

wongga

And I would say going to the seminars and and hearing success stories about different you know investors or different people in general really kind of shifted where do I want to take where do I I take this future. What do I want to take it to continue continue being an employee for someone or or.

37:07.69

Kyle

You know investors or different people in general really kind of shifted you know where do I want to take where do I want take this future. What do I want to take it to continue continue to be an employee for someone or or you know shifting into the development in real estate you know, Obviously that's why I was there so hearing some of the success stories of some of the you know.

37:19.80

wongga

You know, shifting into the development in real estate you know, obviously that's why I was there so but hearing some of the success stories of some of the you know master investors was was quite quite amazing and that that was a pivot point for me in terms of a path that I wanted to take you know trying to you know be a successful developer in 1 thing.

37:27.12

Kyle

Master investors was was quite quite amazing and that that was a pivot point for me in terms of the path that I wanted to take you know trying to you know be a successful developer in Winnipeg and you know I'm nowhere near being where I want to be but you know the goal.

37:39.00

wongga

And you know I'm nowhere near being where I want to be but you know the goal. The goal is obviously to you know be as successful as possible but I remember listening to this you know his husband and wife at 1 of the seminars in in Vancouver you know they were accepting an an award.

37:43.62

Kyle

The goal is obviously to you know be as successful as possible but I remember listening to this you know these husband and wife at 1 of the seminars in in Vancouver you know they were accepting ah an award you know through rich dad poor dad.

37:57.17

wongga

Through the rich dad poor dad and you know was just amazed by the success that these guys have and you know long in the short you know five years later they're one of my real estate partners. So you're kidding. No no, they're they're a part of cunora they're a part of you know some land development deals. They.

37:59.54

Kyle

And you know I was just amazed by the success that these guys had and you know long in the short you know five years later they're one of my real estate partners. So no, no, they're they're a part of cunora they're a part of you know some land development deals. You know they they believed in you know myself and you know other partners.

38:14.19

wongga

Believed in know myself and no other partners to you know invest and you know that was really really cool. Wow You actually floored me with that I didn't expect that you know so you you're thinking about getting into real estate. You go to one of those seminars. Yeah and you actually meet a future partner. Yeah, yeah, exactly.

38:17.15

Kyle

To you know invest and you know that was really really cool I Wow yeah have to work that knows you.

38:26.76

Kyle

You yeah and you need a future partner. Yeah, no, exactly yeah, that's really cool. Yeah, um, so as an entrepreneur be incredible. What would use senior Yourris or much well I would say I'm not I'm not scared of risk. Um, you know.

38:32.32

wongga

Yeah, that's really cool. Um, so as an entrepreneur then I mean you've done a lot but what would you say your strengths are as an entrepreneur. Well I would say I'm not I'm not scared at risk. Um, you know obviously you got to run the numbers and stuff. But yeah I'm ah I'm a high risk kind of guy. Um.

38:46.18

Kyle

Obviously you got to run the numbers and stuff. But yeah I'm ah i' a high risk kind of guy I have no problem going into something with you know all my ah T's crossed and eyes dotted but I would say that I'm not really scared to you know, try something new that you know ah kind of how I went to that whole modular thing was know wasn't done.

38:51.59

wongga

Have no problem going into something with all my ah Ts crossed and the nice dotted but I would say that I'm not really scared to you know, try something new that you know, kind of how I went to that whole modular thing was wasn't done. Why didn't people do it? Well we tried it out and it was very successful for us. So.

39:06.40

Kyle

Why didn't people do it? Well we tried it out and it was very successful for us. So it's one of 1 of my advantages for sure. Okay I have you fine.

39:10.39

wongga

Of 1 of my advantages for sure. Okay, and have you refined that over the last few years just that that risk taking or you know I mean obviously you don't want to jump with both feet right into it either? No no exactly and with new builds and whatnot I I've got that comfort level that you know bigger projects are.

39:16.76

Kyle

Risk or yeah I see writing No no exactly and with new builds and whatnot I've I've got that comfort level that you know bigger projects are are fine with me you know, but you still have to do all proper due diligence. No matter what you do um but.

39:29.79

wongga

Fine with me, you know, but you still have to do all proper toillli just no matter what you do um but you know like I said the future is the future looks good in terms of projects and um, you know, no concerns about that you know, ah lack of lack of lack of work. Yeah.

39:35.98

Kyle

You know like I said you know the future is the future looks good in terms of projects and um, you know, no concerns about that you know, ah lack of lack of lack of work I don't want to like any burden. No no yeah.

39:49.53

wongga

I Don't want to make this seem like an hr interview because I asked you about your strengths but I'm not going to ask you specifically what are your weaknesses as an entrepreneur but how would you you know, just try to teach the audience when when somebody doesn't know how to do something How how have you compensated for that.

39:54.61

Kyle

Um, like specific report says you just track it the eyes somebody doesn't like do something I will help you. Or yeah, don't be afraid whatsoever to ask questions even the stupidest of questions are better asked than you know paying for it paying for it in the end because you know if you don't know something 1 You got to learn it.

40:08.23

wongga

Over the over the last ah career. Yeah, don't be afraid whatsoever to ask questions even the stupidest questions they better asked and ah you know paying for it paying for it in the end because you know if you don't know something one. You got to learn it and 2 you might as well ask so that's one of the things that I've learned.

40:23.37

Kyle

And 2 you might as well ask so that's one of the things that I had learned at a early part of my career is just ask a million questions if you've got those mentors that you can lean towards okay, well what? what's been one of the biggest lesson that you were some um well.

40:27.60

wongga

That really part of my career is just ask a million questions if you've got those mentors that you can lean towards okay, well follow up to that then what's ah, what's been one of the biggest lessons that you've learned from some of your mentors. Um well move. Particularly with contractors you know on the on the earlier part of my career and even in some of the smaller projects that we're doing is it's definitely important to do your research on the people that you bring to the party like whether it's a small residential contractor or large I've been burnt a couple times by you know, not.

40:43.58

Kyle

Particularly with contractors you know on the on the earlier part of my career and even in some of the smaller projects that we're doing is it's definitely important to do your research on the people that you bring to the party like whether it's a smaller residential contractor large and I've been burnt a couple times by you know, not. You know, trusting too much. It's long in the short of that you you can trust your contractor too much and you know that can really bite you so you know maintaining you know proper procedures is is definitely something that I recommend Yeah very.

41:01.58

wongga

You know, trusting too much along the shore of that you trust your contractor too much. And yeah I could really bite you so you know maintaining you know proper procedures is is definitely something that I recommend yeah wise advice I'm sure. All of us have been burnt in that and in that regard. Um, so before we wrap up here. Um I I like to ask every guest this question and I'd like to hear what you have to say so this is the investing to win Podcast. So How do you Define success and what does winning look like for you.

41:19.77

Kyle

All of us have been for now i' not in that regard. Um, so before we grab up computer. Um I like to ask the ever get questions and if like have to say so it' it investment to when So How do you like success and with this point place to. You know, honestly being happy with what you're doing. You know Obviously you want to you want to make money at what you're doing but you know having that balance in your life in your success your family and your your projects is is something that you know when you find that niche.

41:39.58

wongga

You know, honestly being happy with what you're doing. You know? Obviously you want you want to make money at what you're doing but having that balance in your life in your success your family and your your projects is is something that know when you find that niche.

41:58.20

Kyle

Think it's important that you know Ultimately, you're happy at what you do every day that I think in my opinion is is is winning right? Yeah, absolutely.

41:58.49

wongga

Think it's important that you know Ultimately, you're happy what you do every day that I think in my opinion is is is waning right? Yeah absolutely couldn't couldn't agree more that that balance aspect. Well you know what this has been a ton of fun. Um I.

42:08.90

Kyle

That one? Well what a tough? yeah life of painting theory after chair and all of this insight are really cool projects and really the worst thing with authentic doesn.

42:13.58

wongga

Like to thank you sincerely and for our audience for sharing all of this insight a really cool projects and really looking forward to seeing what col Kosmmi does in the future. Thank you merit I appreciate you you having me here today and thanks so for hearing me around along no problem at all. We thrillly enjoyed it.

42:24.13

Kyle

Ah, you Garrett I appreciate you you having me here today and thanks so for hearing me ramble on no problem really important take care. Thank you.

42:33.28

wongga

Take care. Thank you.