Wealth Without Bay Street 206: Finding the Perfect Storm in Real Estate Investing
If you have ever tried to start, grow, and expand a Real Estate portfolio, you have likely realized that it is not as easy as you want it to be. Real Estate entrepreneur Russell Westcott shares tales from the trenches of his 25 years as an investor and capital raiser.
One of the most valuable lessons he has learned is to be unafraid of trying and to put aside your ego when mistakes, even catastrophic ones, occur. Failing should never be considered a life sentence—it only becomes one if you don't forgive yourself.
Don't miss out on this engaging discussion – be part of it! ▶ Finding the Perfect Storm in Real Estate Investing
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IN THIS EPISODE, YOU WILL LEARN:
[00:10] Introduction
[03:55] Getting started: Russell's pivotal moment at age 30
[07:30] The value of SWSWSWSW: “Some will, some won't; so what- someone's waiting”
[10:15] Have the courage to forgive yourself
[16:39] Russell's 2021 regrets
[19:17] Real estate lesson from “Forrest Gump”
[21:58] Always be honest with investors about exactly what is going on
[31:35] Four Perfect Storms to watch out for in Canada in 2024
[35:13] New residential rental property rebate
[41:26] Channel your energy and financial attention towards something specific
QUOTES:
- The biggest lesson from making mistakes is the need to learn to forgive yourself.
- In life and business, we progress by telling the truth.
- Focus your knowledge and energy in one investing category to be more successful.
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Known by many as the #JVJedi, Russell Westcott is a full-time veteran Canadian-based professional real estate investor, best-selling author, and an inspirational public speaker.
Russell’s presentations have been called passionate, entertaining, educational and inspirational. At his core he is a teacher, a master communicator, and has moved more than 150,000 people with his books, audio programs, presentations, interviews and podcasts.
He has a natural gift and empathy for mentoring other real estate investors, entrepreneurs, and aspiring public speakers.
He has built his first million-dollar real estate portfolio within his first year of taking the leap into real estate investing and continues to build and manage his personal real estate portfolio.
Russell has co-authored 2 best-selling Canadian real estate books; 97 Tips for Canadian Real Estate Investors and Joint Ventures: The Canadian Investors Guide to Raising Money and Getting Deals Done.
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Instagram: https://www.instagram.com/russellwestcott/
LinkedIn: https://www.linkedin.com/in/russell-westcott-8848b818/
Website: https://russellwestcott.com/
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