When I first met Simmi Wadhera, I knew I needed to interview her. She had just won ‘Newcomer of the Year’ in 2014 by Canadian Real Estate Wealth Magazine and at the height of her government career, she also decided to take a new direction in life and leave her position. It really resonated with me because I also left my full-time engineering career around the same time.
Simmi inspired me with her courage, and immense determination to make her dream come true using real estate as the means to get there.
If you ever wondered:
How to overcome your fear investing in real estate
What is the best real estate strategy to build wealth
How to quickly evaluate a rent to own deal
If so, you’re going to love this interview from Simmi Wadhera. Join us as we talk about real estate, valuable lessons and what you can do to jump start your real estate journey.
How did you overcome the fear investing in Real Estate?
Before I invested in real estate, I invested in myself and my real estate education. I joined several real estate clubs and worked with mentors to attain my real estate knowledge quickly and avoid costly mistakes. With the knowledge that I gained, I was able to learn strategies and tips that allowed me to confidently take action without any fear. Also, my financial background as an accountant really helped reduce the risk because I was able to analyze numbers easily and ensure I only invested in profitable properties.
You decided to leave your career in the government, which is one of the courageous things you can do in life, how did you come to that decision?
At the height of my career in the government, I realized that I still wasn’t happy. I always wanted to be an entrepreneur but never had the courage to do anything about it. So with the support of my family, I decided to leave my job to start my real estate business full time. Now I finally have the freedom to do what I want and the financial means to do it.
Do you mind sharing your future goals in life now that you’ve taken that big step?
Right now, I partner with other people through joint ventures and help others also achieve financial freedom. My future goals are to diversify my portfolio into large multi-family properties.
What got you into real estate vs other investment strategies?
I have tried other types of investments. I’ve invested in stocks for the past 25 years. Although I made a substantial amount of money in stocks, I also lost a substantial of money