The Money Mindset Mentoring Podcast

Steve Hamoen covers sales and marketing mastery to overcoming challenges, scaling through team development, and harnessing the power of mentorship for rapid growth.

#4 - Guy Gagnon - Finding Your Why in Investing In Real Estate

E4 • Oct 19, 2023 • 138 mins

In this episode, Steve Hamoen and Guy Gagnon delve into the power of mindset and mentorship in overcoming financial setbacks. They discuss the reality of the money game, the importance of financial freedom, and strategies for wealth accumulation. The conversation includes insights on scaling businesses, strategic job seeking, and managing money. They also explore real estate investment, risk management, and the benefits of having a mentor in this field. The episode concludes with an open Q&A session on real estate, business, and financing.

Key Points

Investing in real estate should be approached with a clear understanding of one's financial goals and the risks involved, considering factors such as market conditions, property type, and legislation changes that can impact rental strategies like Airbnb.
Building a real estate investment portfolio can benefit from strategies like the BRRRR method (Buy, Renovate, Rent, Refinance, Repeat), which allows investors to increase property value and reinvest equity into more properties, but requires careful financial planning and risk assessment.
When considering real estate investments, it's crucial to work with knowledgeable professionals, such as mortgage brokers and accountants who specialize in real estate, and to network with experienced investors who can offer valuable insights and guidance.

Speakers

Steve Hamoen

Host • 63%

Guy Gagnon

Guest • 36%

Chapters

0:00	The importance of mindset, overcoming challenges, and the power of having a big why
7:20	Mentorship, open dialogues, and overcoming financial setbacks
14:23	The reality of the money game, the flawed school system, and the impact of inflation
20:00	Financial freedom, the mental shift it requires, and wealth accumulation
27:24	The importance of family meetings, business goals, and the ripple effect of financial success
33:08	Scaling your business and condensing your timeline to financial success
41:28	Strategic job seeking, understanding your potential wealth, and managing your money
49:39	Understanding your "why" and evolving it
1:04:11	Risk and real estate investment, budgeting for property repairs, and property management fees
1:20:08	Property investment, forced appreciation, and the BER strategy
1:40:10	Investment and risk management in real estate, dealing with market fluctuations
1:54:07	The risks and rewards of different types of investments, the importance of having a real estate mentor
2:01:22	Open Q&A session about real estate, business, and financing, the challenges of Airbnb and local restrictions
2:17:02	Wrapping up the podcast session, reflections, and closing remarks

Transcript

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