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Inspired by a conversation on:
The Canadian Real Estate Investor
The Foreign Buyer Ban; The Solution Or The Problem
Host: Daniel Foch & Nick Hill
Timestamp: 00:09:29 - 00:10:27
Found an idea? We can build it for you.
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"Canada's immigration system... makes it quite feasible for wealthy individuals to obtain PR status."
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Sign InHow should I validate this service idea before building it?
2:34 PM
Great question! For a service idea like this, I'd recommend starting with these validation steps:
- Customer interviews: Talk to Generalist to understand their pain points
- MVP approach: Build a simple landing page to test demand
- Competitor analysis: Research existing solutions and identify gaps
Would you like me to help you create a specific validation plan for your medium difficulty idea?
2:35 PM
Yes, and what about the technical implementation? Should I build this myself or hire a team?
2:36 PM
Based on your idea's complexity and 1-3 months, here's my recommendation:
Technical Strategy:
- Start with no-code tools for rapid prototyping
- Consider your technical background and available < $1,000
- Plan for scalability from day one
I can help you create a detailed technical roadmap and resource allocation plan...
2:37 PM
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Sign InSimilar Ideas
Foreign Investment Compliance Consulting
With the recent changes to the foreign buyer ban in Canada, which allows foreign entities to buy land for development purposes, a consulting business could be established that helps foreign investors navigate the complex regulations and compliance requirements. This business would provide services such as feasibility studies, legal compliance checks, and assistance in acquiring necessary permits. The target audience would be foreign investors looking to enter the Canadian real estate market, particularly those interested in residential and commercial development. Specific tactics could include partnerships with local real estate agencies and legal experts to offer comprehensive services that ensure foreign investors can successfully navigate the Canadian market and comply with regulations.
Multi-Unit Property Investment Platform
Given the loophole in the foreign buyer ban that allows foreign buyers to purchase multi-unit properties, a business could be created that focuses on helping foreign investors find and invest in such properties. This platform could serve as an online marketplace connecting foreign investors with available multi-unit properties in Canada, complete with detailed investment analyses and projections. The target audience would be foreign investors looking to invest in lucrative Canadian real estate while complying with current regulations. Strategies could include offering virtual tours, investment guides, and partnerships with local real estate professionals to ensure investors understand the market.