AREI 55: How to Leverage Your Reality and Not Fall Into the Growth Trap with Axel Monsaingeon
Do you know which real estate transaction is the hardest to make? Simple answer: your first. That's a pretty simple answer, because when you're new to real estate investing, you really don't know enough to avoid the pitfalls and mistakes most investors or even operators make.
Good news, in this episode Axel Monsaingeon shares his story how he leverage his reality and avoided the growth trap in real estate investments. Come join us and listen in
Grew up in the Caribbean and ended up in Canada to finish school. After a successful career in the corporate world, I always felt I could do more and the entrepreneurial itch was getting stronger. Real estate investing is something we understood with my wife, felt we could control and force appreciate and took the big jump to transition to full time investors.
Key points:
[00:01 - 01:07]
• We welcome Axel Monsaingeon to the show
[01:08 - 03:21]
• Axel Monsaingeon background how he started investing in real estate. [04:36 - 09:00]• What do you hope like to get out of like real estate investing and what is the long term goal for you?
[09:05 - 17:40]
• How do you decide on how much money you invest in self education? And why it gets easier to develop your toolbox that will help you in the long run.
[17:51 - 22:38]
• Leveraging on the moment that we raised capital, and why that experience helped us a lot?
[22:40 - 26:34]
• The importance why we shouldn't forget on "Why you started this? ", and don't allow ourselves Fall Into the Growth Trap.
[26:45 - 32:35] Closing Segment
• Asking Axel Monsaingeon the Adventurous Four
Memorable Quotes:
"It gets easier and easier. The more you invest in yourself, the more you learn, the more tools you add to your tool belt, and then whenever a problem arises, you just know which tool to use. " -Axel Monsaingeon
"The advice I give is you want to go and make your first investment. Okay. Here's a small, multi-family pretty much starts at about 500,000. You want to go buy a $500,000 property, but you won't spend 5K for you to learn what to do. It makes no sense. So before you make any acquisition invest in yourself. " -Axel Monsaingeon
Until next time…
Explore more. Adventure awaits.
