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Getting started investing in student rentals helped Matt McKeever to focus on cash flow at the age of 25 while still full-time employed in public practice as a CPA (Chartered Professional Accountant).
Guest: Matt McKeever, Real Estate Investor and CPA
Getting started investing in student rentals helped Matt McKeever to focus on cash flow at the age of 25 while still full-time employed in public practice as a CPA (Chartered Professional Accountant).
He feared his goal of financial independence and to retire early might not be possible when he hit the 3-5 properties hurdle that many Canadian real estate investors reach after only a few years.
Always resourceful, Matt switched to a job that paid more but that was still not enough. He knew he had to figure out how to speed up the velocity of his money and not rely on doing the one property a year that ‘Matt’s Money’ could facilitate.
He decided that the best way was to learn from others, so he started to network as much as possible both to get insights and ideas and then also to meet investors. Building his portfolio mainly focused on the BRRR strategy, Matt now has 18 properties with around 60 doors and quit his full-time job 3 years ago.
Leveraging technology and setting up standard operating procedures Matt, who lives and runs his business out of a mansion in London, Ontario, is currently in the process of handing over all the day to day management and focus on the strategy and growth.
Originally not seeing the benefit of social media, Matt is now highly active to both promote his business, offer insights to others and also document his own journey on his YouTube channel with over 40,000 subscribers. He also runs networking events including London on FIRE and the OREC Conferences which this year ran in London and Windsor, Ontario. He also is the co-host of the ON FIRE podcast and is a member of the Real Estate Rat Pack.
In this episode learn about:
– Overcoming the challenges when reaching the first real estate investor hurdle of 3-5 properties.
– Having the right mindset and approach for success.
– Best technology tools to systematize the processes and procedures of your real estate business
– Social Media tips to help your business grow and get noticed.
To get in touch with Matt:
Youtube:https://www.youtube.com/channel/UCdRtqnqBSq4GY7DGiYICu5g/
Instagram: mattmckeever85
Facebook:https://www.facebook.com/Mattamatics