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Ep 2 – How to navigate the promise and pitfalls of rental income properties

Today’s guest is Meghan Chomut. Meghan is an Entrepreneur, Real Estate Investor, Media Personality, and Financial Planner for families with rental properties. After completing a degree in finance from Lakehead University, Meghan spent time at Royal Bank of Scotland before becoming an Account Executive with Quirion Financial Services where she spent nearly 10 years serving clients in preparing and implementing all aspects of a comprehensive financial plan. After completing her first real estate investment, Meghan left Quirion in 2017 to more fully commit to real estate investing. She eventually also founded her own independent financial planning practice where she helps her clients live well, worry less, and build wealth.

During this episode, we not only learn about the highs and lows of Meghan’s journey to becoming a real estate investor and entrepreneur but also Meghan shares a lot of practical advice like “the 1% rule”, tips for 1st-time real estate investors, and the important things to do once you own a rental income property. And be sure to stick around to the very end of the episode when Meghan reveals the biggest mistakes she sees real estate investors make.

Meghan can be reached at her website, on LinkedIn, Facebook, Instagram, and on Twitter.

PSA: Kind Wealth, along with friends of ours, is offering pro-bono financial consultations to anyone struggling financially right now as a result of Coronavirus. Learn more by visiting www.kindwealth.ca/coronavirus-response

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