In this episode, I interview Sarah Weaver, a real estate investor, sought-after speaker, coach, author, and passionate real estate investor who shares her journey and insights into the world of real estate investing. Sarah discusses her start in the industry with an owner-occupied property purchase, emphasizing the benefits of a low down payment option in the United States and the importance of financial literacy and soft skills she acquired at an early age.

Sarah also explains her transition from initial investments to more complex strategies, including her shift from short-term rentals to medium-term rentals to optimize her returns and manage her properties more efficiently. She highlights the challenges and learning experiences from managing properties remotely, offering advice to fellow investors on navigating the complexities of real estate investing, budgeting, and scaling their portfolios effectively.

What you will learn if you listen to the episode:

- Importance of financial education and the role of soft skills in real estate success

- Transition from managing short-term to medium-term rentals to optimize returns

- Challenges and strategies of managing real estate investments remotely

- The significance of mentorship and coaching in real estate investing

SUPPORT US ON PATREON!

patreon.com/realestateeffect and become a part of our real estate family! You’ll get access to exclusive content, monthly virtual meetings [Ask me anything!], special events, and more!

And please subscribe to the show, share it with a friend and send us feedback. Visit www.realestateeffect.ca and follow me on IG @monsaxel

Timestamps:

🏠 Introduction to Sarah Weaver and the real estate investing journey (00:57)
📘 Discussion on low down payment options in the U.S. and first property purchase (01:43)
💡 Importance of financial literacy and practical skills for property management (03:07)
🔄 Shift from short-term to medium-term rentals to enhance property management (08:18)
🌐 Challenges of managing properties remotely and adapting strategies (15:45)
🎓 Emphasis on mentorship and the impact of coaching in real estate investing (11:59)
🌍 Insights into living a nomadic lifestyle while managing a growing property portfolio (16:08)
🤝 The importance of networking and building relationships within the real estate community (21:10)

Connect with Axel Monsaingeon:

Linkedin - https://www.linkedin.com/in/axel-monsaingeon-42577b28/

Website - https://www.realestateeffect.ca/

Facebook - https://www.facebook.com/realestateeffect/

Instagram - https://www.instagram.com/veryrealestateeffect/

Youtube - https://www.youtube.com/channel/UCc8EYrmO1aVvVIgwT7AfNFw

Connect with Sarah Weaver:

Linkedin - https://www.linkedin.com/in/sarahdweaver/

Website: www.sarahdweaver.com

Instagram: https://www.instagram.com/sarahdweaver/

Do you have any questions about your real estate journey?

Whether you're curious about navigating the complexities of development projects, dealing with financial challenges, or anything in between, I’m here to delve into the topics that matter most to you.

I invite you to submit your questions by visiting our website at https://www.realestateeffect.ca/ and clicking on the 'Send Voicemail' widget on the right side.

Your inquiries will help shape our upcoming episodes, ensuring we cover the real estate issues you're most interested in.

This is part two of a two-part episode with Matthew where he shares invaluable advice on setting realistic expectations and the significance of delayed gratification in real estate investment. He emphasizes the importance of strategic planning and financial prudence, particularly for young investors aiming to make their mark in the industry. The conversation covers practical strategies such as house hacking, where buying a duplex or triplex and living in one unit while renting out the others can significantly aid in equity building and reduce living expenses.

This episode also delves into the financial nuances of real estate, including the benefits of not selling properties but rather refinancing to pull out equity, and the tax implications of different investment strategies. For those considering major financial decisions in real estate, this episode offers a roadmap to navigate the complexities of property investment, tax benefits, and strategic financial planning to maximize growth and minimize risks.

What you will learn if you listen to the episode:

- Setting realistic goals in real estate investment

- Benefits of delayed gratification and strategic planning

- House hacking as a starter strategy for new investors

- Refinancing properties to build equity without selling

- Understanding tax implications and benefits for property investments

SUPPORT US ON PATREON!

patreon.com/realestateeffect and become a part of our real estate family! You’ll get access to exclusive content, monthly virtual meetings [Ask me anything!], special events, and more!

And please subscribe to the show, share it with a friend and send us feedback. Visit www.realestateeffect.ca and follow me on IG @monsaxel

Timestamps:

📘 Importance of setting realistic expectations for new investors (01:01)

🏡 Exploring the benefits of house hacking for building equity (04:19)

💰 Refinancing vs. selling properties: strategic financial moves (10:50)

📈 Understanding tax benefits and implications in real estate investment (14:06)

Connect with Axel Monsaingeon:

Linkedin - https://www.linkedin.com/in/axel-monsaingeon-42577b28/

Website - https://www.realestateeffect.ca/

Facebook - https://www.facebook.com/realestateeffect/

Instagram - https://www.instagram.com/veryrealestateeffect/

Youtube - https://www.youtube.com/channel/UCc8EYrmO1aVvVIgwT7AfNFw

Connect with Matthew Lipman:

Linkedin - https://www.linkedin.com/in/matt-lipman-cpa-0369606a/

Website - https://mogulcpa.com/

Do you have any questions about your real estate journey?

Whether you're curious about navigating the complexities of development projects, dealing with financial challenges, or anything in between, I’m here to delve into the topics that matter most to you.

I invite you to submit your questions by visiting our website at https://www.realestateeffect.ca/ and clicking on the 'Send Voicemail' widget on the right side.

Your inquiries will help shape our upcoming episodes, ensuring we cover the real estate issues you're most interested in.

This is part one of a two-part episode where I interview Matthew Lipman about the essential, often complex world of accounting in real estate. The conversation opens up with insights on how many real estate professionals often put accounting tasks on the back burner until absolutely necessary, and the potential pitfalls of this approach. Matthew, who has extensive experience in the accounting industry including a significant stint at Deloitte, shares his journey into creating his own firm, MogulCPA, which specializes in offering streamlined accounting services for real estate businesses.

The discussion delves into the concept of "virtual CFO services," a niche Matthew has carved out to help real estate developers and managers handle comprehensive financial operations without needing in-house accountants. This service covers everything from payroll to reconciliations and financial reporting, aiming to alleviate the burdens of accounting from the clients. Matthew emphasizes the importance of proactive accounting practices that do more than just prepare tax returns at the end of the year, suggesting that effective accounting can significantly enhance the strategic management and growth of a real estate business.

The episode promises more insights in its second part, encouraging listeners to tune back in for further exploration of smart accounting in real estate investment.

What you will learn if you listen to the episode:

- The importance of not delaying accounting tasks in real estate

- Matthew Lipman's background and transition to founding MogulCPA

- Overview of virtual CFO services for real estate businesses

- Benefits of proactive accounting for strategic business management

- Preview of continued discussion on accounting in part two of the podcast

SUPPORT US ON PATREON!

patreon.com/realestateeffect and become a part of our real estate family! You’ll get access to exclusive content, monthly virtual meetings [Ask me anything!], special events, and more!

And please subscribe to the show, share it with a friend and send us feedback. Visit www.realestateeffect.ca and follow me on IG @monsaxel

Timestamps:

🏢 Matthew Lipman's career and founding of MogulCPA (01:02)

💼 Introduction to virtual CFO services for real estate professionals (04:21)

🔍 The value of proactive accounting practices (08:53)

🎙️ Teaser for the next episode on advanced accounting tactics (12:00)

Connect with Axel Monsaingeon:

Linkedin - https://www.linkedin.com/in/axel-monsaingeon-42577b28/

Website - https://www.realestateeffect.ca/

Facebook - https://www.facebook.com/realestateeffect/

Instagram - https://www.instagram.com/veryrealestateeffect/

Youtube - https://www.youtube.com/channel/UCc8EYrmO1aVvVIgwT7AfNFw

Connect with Matthew Lipman:

Linkedin - https://www.linkedin.com/in/matt-lipman-cpa-0369606a/

Website - https://mogulcpa.com/

Do you have any questions about your real estate journey?

Whether you're curious about navigating the complexities of development projects, dealing with financial challenges, or anything in between, I’m here to delve into the topics that matter most to you.

I invite you to submit your questions by visiting our website at https://www.realestateeffect.ca/ and clicking on the 'Send Voicemail' widget on the right side.

Your inquiries will help shape our upcoming episodes, ensuring we cover the real estate issues you're most interested in.