Janet LePage

Forty Under 40 Winner 2016: CEO, Western Wealth Capital, Age 35

In just several years, Janet LePage has gone from flipping homes to building an empire.

Both force of nature and forthright, LePage has grown a hobby for deal-making into an enterprise that now rivals publicly listed real estate investments. The CEO and co-founder of Western Wealth Capital oversees 24 multi-family properties in Arizona comprising more than 4,000 rental units with a total purchased-price value of $300 million.

LePage got the deal-making bug early. Her father owned two apartment buildings, and the term “passive income” became an early childhood building block. At 25, LePage got a real estate coach. And in 2008, the market imploded. Most thought the sky was falling; LePage saw the heavens opening up.

Leveraging higher interest and shorter-term hard-money lenders, LePage’s method was to buy a home at cash auction, invest in appliances and a little TLC, and sell the property quickly at a price on par with the unimproved foreclosed property next door. The system was scalable: LePage bought and sold 58 homes over two years, all the while working full time for a B.C. utility.

“Here’s the thing: I’m a computer scientist so everything is black and white. Everything in my world is a one or a zero. Even buying the houses it was very clear criteria. … It was a system,” explained LePage.

In 2012, she left her workplace and founded Western Wealth Capital. Since then, the company has acquired 22 multi-family rental properties and raised more than $100 million.

LePage’s growth outlook is to make Western Wealth a $1 billion company. She plans on diversifying by moving into another market outside of Phoenix in the next 12 months. Already attracting large equity partners, LePage doesn’t balk at the idea of packaging a real estate investment trust (REIT) listed on a public exchange.

However, LePage is also focused on another growth priority: increasing female leadership in her sector.

Join us to celebrate the 2016 Forty under under 40 Awards January 25, 2017, at the Vancouver Convention Centre. For tickets and event info visit www.biv.com/events/40under40

comments powered by Disqus

More from BIV

BIV 温村商讯:27. 中国共享单车构想从卑诗进入北美市场

温哥华新兴企业计划将共享单车构想大规模带入加拿大,美国各大市场

Read Article

Shadow of prohibition still looms over cannabis industry

Everything but cannabis at Lift Cannabis Expo convention in Vancouver

Read Article

B.C.’s first oil and gas land sale of 2018 nets $12.9 million

Industry purchased a total of 39,005 hectares at an average price of $328.25 for the month

Read Article

Digesting the genius of Loblaws’ $25 gift card campaign

Read Article

It’s time to pull the plug on self-regulation in B.C.’s forest industry

Read Article

Subscribe to our mailing lists

You may withdraw your consent at any time.

* indicates required

Newsletters

* You can modify your newsletter subscriptions at the bottom of any newsletter you receive.
Business in Vancouver Media Group
303 West 5th Avenue, Vancouver, British Columbia
V5Y 1J6 · Canada
604-688-2398
×