Condo Deconversions and Scaling to 50 Doors

Most investors spend years building the confidence to do their first deal. Bryce Kander initiated his first joint venture at the age of 13. In this episode of Where Should I Invest?, host Sarah Larbi sits down with the Red Deer-based realtor and investor to unpack how a home school “financial planning” class turned into a property portfolio — and how he’s now using an unconventional strategy called condo deconversion to build serious equity in Alberta’s softened condo market. What We Cover: Bryce’s origin story — a $30,000 inheritance, a home school finance class, and his first joint venture with his mother at age 13. How an obsession with social media content became his entire deal-flow engine. Inside an 18-unit condo deconversion in Edmonton: buying individual units, converting them to rentals, and unlocking value through the income approach to appraisal. Real numbers on the deal — purchase price, financing structure, and the refinance plan through MLI Select. An unexpected legal snag: an estranged tenant who wouldn’t sign a lease, and what that meant for the refinance timeline. Alberta vs. Ontario landlord-tenant rules, and why market knowledge matters more than ever. The mechanics of convincing dozens of individual condo owners to sell — including what happens when one owner refuses. Why Bryce’s 27-unit partnership ended in a buyout, and the hard lesson he learned about equity versus voting rights when raising capital. A breakdown of MLI Select financing, ADUs, and how a five-unit “garage suite plus house” strategy can unlock outsized equity. Bryce’s lightning round — his favourite investing book, his current audiobook, and his advice for someone starting with $50K today. This episode has been brought to you in part by: Ryan Carson, Carson Law – https://www.carsonlaw.ca/ or email [email protected] Matt Pickering, National Bank [email protected] Get in touch with Bryce Kander: E-mail – [email protected] Website Instagram – @brycekander Facebook TikTok – @brycekander LinkedIn – https://www.linkedin.com/in/bryce-kander-9836521a/ Disclaimer: The information shared in this episode and content is for educational and informational purposes only and should not be considered professional financial, legal, or investment advice.The post Condo Deconversions and Scaling to 50 Doors first appeared on Sarah Larbi Developments.