Evan McLeish is a real estate investor out of Prince George, BC, where he has been investing in real estate for almost 7 years.
He got his start with a fixer-upper, a long-term principal residence turned flip that taught him the power of real estate, as he was able to purchase a turn-key rental property and start a new principal residence project using the proceeds from his first sale. Recognizing that real estate investing was a good path for him, he continued the process of moving into a principal residence, fixing it up, putting in a basement suite, refinancing the property with long-term renters in place, and moving on to the next house.
By completing 6 BRRRs (Buy-Renovate-Refinance-Rent) in Prince George while simultaneously working his job at the pulp mill in Quesnel, Evan was able to build up his asset base in real estate and make sound financial decisions to the point of making the choice to leave his job in February of this year.
Now with the added time he has joined forces with a couple other investors he met in a real estate mastermind group to form NSE Real Estate, a real estate investing firm focused on partnering up with passive investors to invest in multi-family buildings across Canada.
In our conversation with Evan we discuss:
Getting started with zero real estate experience Learning how to renovate to add value to residential homes by leaning on those with more experience The power of delayed gratification Becoming a real estate investor and developing an investor mindset How Evan funded and completed his BRRR projects – the key tactics to successful BRRRs Doug goes on a tangent about doing what it takes to get where you want to go (you must put in the time)! Why the “how” of real estate investing doesn’t matter if you don’t really want to do the work Evan’s take on quitting your job – recognizing when it’s time to leave, what to do in the lead up to leaving, and being prepared Figuring out “what’s next” after achieving a long-term goal, like leaving a job Making the jump from residential renovations to purchasing multi-family properties Who Not How for real estate investing and life Final words of wisdom: picking one thing to focus on and get out of your own wayThank you to Evan for joining us on the show!
Do you want to connect with Evan and NSE Real Estate? Check out the connection points below:
NSE Real Estate on FB: https://www.facebook.com/NSE-Real-Estate-101703502162174
Evan’s FB: https://www.facebook.com/evan.mcleish.3
Or e-mail direct to: McLeish_1@hotmail.com
Thank you for listening and we look forward to welcoming you to the RevNYou with Real Estate community!
– The RevNYou with Real Estate Team
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