Topic: Real Estate Opportunities from a Victoria Perspective
Rick Hoogendoorn is commonly referred to as "Rictoria" at Ozzie's Real Estate Action Group meetings. Rick and his wife Cheri began investing in real estate in 1997 and built up a substantial portfolio of properties in Western Canada, primarily through joint venture partnerships with family and friends.
Both of them used to be financial advisors, but when they stopped investing in mutual funds themselves, and moved everything into real estate, they realized they could no longer, in good conscience, continue to advise their clients to invest in the stock market. As a result, they both became Victoria realtors.
In 2014, Rick and Cheri were presented with the opportunity to become developers, and last November they completed construction on their first 20 unit, purpose-built apartment building: Roberts Landing. Their second building, the 30-unit Roberts Place, is currently under construction and will be completed in May. In both cases, they set up a limited partnership and raised funds from friends, family, and sophisticated investors to make the projects happen.
Rick is the author of two books, What Is Stopping You? and 18 Holes to Your Goals. Most recently he contributed to Ozzie's book Real Estate Action 2.0. Rick is an entertaining speaker, and he has a knack for doing impersonations.
Rick Hoogendoorn and Cheri Crause
Greater Victoria REALTORS
Royal LePage Coast Capital Realty