Strategic Real Estate Investments and Expert Advice from Stewart Heath
- E171
- 39:14
- May 22nd 2024
Welcome to the latest episode of "The Cashflow Project"! Today, we're excited to have Stewart Heath, a seasoned financial expert and real estate investor, join us. Stewart's expertise in fractional CFO services and commercial asset investments makes him a goldmine of knowledge for aspiring investors.
In this episode, Stewart shares the importance of leveraging other people's skills, understanding your own bandwidth, and hiring quality property managers. We’ll explore the nuances of multifamily properties, the challenges of transitioning from residential to commercial real estate, and lessons from Stewart's decades of experience. Don't miss this enlightening conversation on "The Cashflow Project"!
[00:00] Fascination with inherited timber leads to career.
[06:02] Significant mindset shift, embracing change and growth.
[08:14] Seeking wealth, diving into real estate ventures.
[10:33] Controlled property management led to challenges and rewards.
[13:38] Transition from single to commercial properties, advantages.
[16:22] Retail faced struggles in 2020, but rebounded.
[21:18] Choose tenants wisely to avoid costly mistakes.
[23:13] "Avoid being an accidental landlord to succeed."
[27:44] Highly recommend the transformative and practical book.
[30:21] Neglecting reserves led to a major setback.
[32:28] Maintain reserves for market downturns and opportunities.
[37:05] Stuart Heath discusses financial expertise and leveraging others.
Connect with Stewart Heath:
Connect with The Cashflow Project!
The Cashflow Project
This is for busy professionals who are looking for financial freedom through passive income, with a focus on cashflow assets in Multifamily Real Estate. We will be covering a variety of topics such as buying, managing, and selling real estate assets, specifically apartments.
To learn more about us, visit tricityequity.com