Podcast: Building a Real Estate Investing Business in 5 Year Timeframes
Mike Beer is a full-time real estate investor and former IT executive who immigrated to Canada from communist Poland. He is currently investing in multifamily properties in Kitchener, Hamilton, London, and Toronto.
Mike grew up in communist Poland and his parents had to bribe officials with coffee to get passports to escape. At a young age, he had to take a leap of faith and jump into the deep end of the pool to get a swimming card, despite barely knowing how to swim.
This experience combined with his parents’ struggle and the scarcity mindset he grew up with ignited a drive in him to make money and he found that in real estate investing. Through his mentor and his team, he overcame his scarcity mindset and grew his real estate portfolio, eventually realizing he didn’t need a salary to survive.
His biggest lesson learned was to always find a property manager that specialized in the market you’re investing in to avoid costly mistakes.
In this week’s podcast episode, you will learn the following: 1. How Mike used his parents’ desire to escape from communist Poland to move to Canada as motivation to build a successful real estate career. 2. How Mike overcame a scarcity mentality and leveraged his team to buy multifamily buildings. 3. How to manage a portfolio of properties to maximize returns.