Pivoting the Real Estate Portfolio with Rodrigo Parada

The Very Real Estate Effect Investing in Quebec

For the third time, I interviewed Rodrigo Parada, and we dive into the nuances of investing in properties from a distance, the importance of networking, and the innovative strategies adopted by investors to overcome financing challenges.

Rodrigo shares his recent experience with purchasing a 38-unit property in Alberta, highlighting the importance of having a solid team and the right stakeholders to navigate the complexities of real estate transactions in different markets. He stresses the significance of due diligence and groundwork before sealing a deal and discusses the challenges faced, particularly in securing financing due to the unique market conditions in Alberta. The episode also covers the creative solutions deployed to overcome these hurdles, such as securing capital through loans issued from registered funds and setting up a mutual fund trust.

The conversation further explores the power of networking and attending real estate events to meet like-minded investors and learn from their experiences. Rodrigo reflects on the growth and learning that comes from pushing oneself out of their comfort zone, sharing insights on the mindset required for success in the real estate industry.

What you will learn if you listen to the episode:

- Investing in properties from a distance

- Building a solid team for real estate success

- Overcoming financing challenges in different markets

- The importance of networking and attending real estate events

- Creative solutions for real estate investment hurdles

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Timestamps:

🔄 Reflecting on past episodes and guest appearances (01:59)

🏢 Discussing the acquisition of a 38-unit property in Alberta (02:40)

💼 Strategies for investing in properties at a distance (03:00)

🤔 The importance of networking in real estate investing (04:39)

💡 Overcoming challenges in financing properties in Alberta (06:04)

🚀 Creative financing and learning through challenges (08:07)

🛠 The significance of resilience and innovation in real estate (09:36)

🌎 Expanding investment strategies and diversifying portfolios (11:22)

🗣 The power of networking and meeting new investors (13:21)

✈️ Learning from different real estate markets across North America (14:56)

🎓 The impact of attending real estate events on mindset and strategy (16:30)

🚧 Breaking through limiting beliefs in real estate investing (21:56)

🌱 Growth, challenges, and the future of real estate investments (25:26)

Connect with Axel Monsaingeon:

Linkedin - https://www.linkedin.com/in/axel-monsaingeon-42577b28/

Website - https://www.realestateeffect.ca/

Facebook - https://www.facebook.com/realestateeffect/

Instagram - https://www.instagram.com/veryrealestateeffect/

Youtube - https://www.youtube.com/channel/UCc8EYrmO1aVvVIgwT7AfNFw

Connect with Rodrigo Parada:

LinkedIn: https://www.linkedin.com/in/rodrigo-parada-618180ba/