Robby Clark is the founder and CEO of SID Developments. SID Developments is a network of companies devoted to locating & acquiring depressed assets while transforming them into profitable investments that will provide value to both tenants and the community. We focus on cities that have lacked capital investments & stimulate them through capital improvements in the areas that need it most. SID Developments holdings have surpassed nine figures with a one billion target in 24 months.
Today, SID Developments is an impressive company consisting of a construction & property management team, lawyers, engineers, and a devoted executive team focused on our mission with 300+ properties & growing.
Off to a Rocky Start
After earning seven figures during his childhood and early adolescence as an actor; Robby went bankrupt at the age of 21. After a brief period of writing & singing while waiting tables & bartending for income, Robby picked up the financial education book “Rich Dad Poor Dad”- and his love for the topic was born. His first business was a healthy vending machine company where he began his “fail forward” approach to life.
“Running a vending machine business taught me some of the fundamentals of business and managing different aspects of a company, and also that healthy food has very low margins,” Robby says.
Venturing into Real Estate
Several years after his bankruptcy (at 25), Robby purchased his first rental property by gathering together 4 people to invest $2,500/each on a small 2-unit home in a town far away from major metropolitans-and thus began his learning curve in an industry he loves.
Unlike most other entrepreneurs who turn to real estate for passive income, Robby believed that it could be scalable & create tremendous economic value rather than just selling another product or service. The seeds for SID Developments were born. Soon, Robby discovered a vast, untapped potential in need of housing and support outside of Canada’s large cities.
“Canada’s real estate industry suffers from a decades-old problem: lack of supply & capital investment outside major metropolitans. This gap helps create excellent opportunities for investors, homeowners, and ambitious entrepreneurs with the ability to look past the now” Robby explains. “That’s how I found my opportunity. By seeing it before it existed”
Balancing the Supply and Demand
SID Developments was created to form a network of companies that are dedicated to creating value in areas that have been neglected of capital investments for extended periods.
“The company’s motto is ‘Spend, Invest, Diversify.’ That is what SID stands for,” says Robby, adding, “Investing in old and neglected assets has multiple purposes and benefits. It doesn’t only provide much-needed supply to the housing market, but it also revitalizes the community, can be cheaper than building a new property and is needed before developers are able to begin work in these communities.”
The Importance of Knowledge and Experience
As Robby points out, one of the most interesting facts about him is that he never got a formal education past eighth grade. “Everything I know, I’ve learned through books and trial and error,” Robby explains.
Everything I’ve ever achieved could be done now in a fraction of the time it took with the knowledge and experience I have now. Just over two years ago, I virtually had to start from scratch again due to a lack of formality on contracts & corporate setup resulting in an ugly lawsuit. This forced me to adapt & improve on the knowledge base I had very quickly, or give up. It was the best & worst thing that could have ever happened. I am fearless-but will never be complacent in my success again.
More great advice on starting a business and becoming a successful entrepreneur can be found on Robby Clark’s Instagram. SID Developments is also currently offering personalized coaching and training with the real estate industry’s most intelligent minds, and they are accepting pre-registrations at the company’s website. Please remember that Robby is not a financial advisor and invest at your own risk.