Serial Entrepreneur Starts And Develops A Company That Makes It Easier And More Profitable For Others To Invest In Real Estate!

The Mike Litton Experience

Mike Litton

Business, Kids & Family, Parenting, Careers

5.0 • 1.2K Ratings

🗓️ 10 October 2024

⏱️ 53 minutes

🔗️ Recording | iTunes | RSS

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Summary

Andrew Kim was born and grew up in Toronto, Ontario, Canada. His parents were Korean immigrants that emigrated to Canada post war in the early 70’s. More about Andrew: “During my childhood, I was raised in a low-income immigrant family, where the notion of real estate being a secure investment was deeply ingrained in me. Before assuming my current position as the CEO and co-founder of SHARE, my professional trajectory primarily revolved around my own venture-backed startups and fast-growing divisions within big companies.

Around 2010, I saved up enough to start investing in single-family rentals (SFRs) in Ontario. However, these homes were deeply dilapidated and required a lot of work and effort to make it cash-flowing. I suffered significant losses trying to stabilize these assets and never really reaped the multiples of cash that others boasted.

In 2011, my previous venture-backed startup led me to California, where, at the time, my present business partner served as our tax and accounting consultant. As a fellow Canadian and real estate investor in the U.S., she urged me to consider investing in U.S. SFRs because of their resiliency, and higher returns profile with lower entry points/prices. So for the last 10 years, I have witnessed the positive returns work wonders for my overall investment portfolio and give me financial security.”

“My entrepreneurial journey began with a mix of successes and failures in multiple business ventures since graduation. Early on in my career, when I was making a very modest income, I realized the need for stability especially because I wanted to start a family. So, I started to grow my wealth portfolio through real estate investments, with the intention of saving for rainy days. When my income grew, I started to focus more on building my business and less on my safety net. At a time when everything was smooth sailing — I had invested in real estate as part of my retirement plan, my business was flourishing, and my family was growing. However, everything changed when the company I worked for was acquired, forcing a move to Silicon Valley and demanding hours which resulted in a disconnect from family and neglecting my real estate investments.

Eventually, I decided to quit, return to Canada, and became a stay-at-home dad with limited financial resources, realizing the importance of continued investment even during challenging times. The pandemic created a sense of urgency to get back into real estate investing and the timeless saying, “I wish I had invested in real estate back then…”, became a reality for the current market.

The lessons I learned from this experience is that nothing lasts forever. Entrepreneurs being risk takers, it is important to recognize that the risk compounds when you have dependents. It is completely acceptable to put the bulk of your energy on a core objective but always try to have a safety net especially if you have people to take care of.”

Thank you for being our guest on The Mike Litton Experience Andrew! You are amazing!

For more information about Andrew and his amazing company visit: https://sharesfr.com/

Are you moving to San Diego? Do you know someone who is? Give us a text or call today 760-522-1227 and we will take great care of you!

Welcome to The Mike Litton Experience Podcast! Mike has over 31 years experience in real estate, finance and investing! He’s passionate about being a father, a teacher, a Realtor, an investor and a leader! Everyone has a story and our passion is to help them tell it! We never want you to miss an episode, so please be sure to subscribe. Could we ask you for two quick favors? If you like our program, please tell a friend. Wherever you get your podcasts please leave us a rating. It helps us to connect with quality people just like you! Reach out to Mike on Instagram @littonrealty! Want to meet with Mike? Check out calendly.com/reo760! Thank you for joining us for The Mike Litton Experience!

Who you work with matters and we would be honored to interview with you or anyone you know to sell your home! If you have questions, please reach out text or call 760-522-1227. Thank you! #livinginsandiego, #movingtosandiego, #themikelittonexperience, #homesforsaleinsandiego, #mikelitton, #sellahomeinsandiego, #buyahomeinsandiego, #toptipstogetthebestoffer

Transcript

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0:00.0	Welcome to the Mike Litten Experience Podcast.
0:05.0	Mike has over 31 years experience in real estate, finance, and investing.
0:11.0	He's passionate about being a father, a teacher, a realtor, an investor, and a leader.
0:18.0	Everyone has a story and our passion is to help them tell it. And now introducing the host of the Mike Litten experience, Mike Litten.
0:28.0	So what can you expect from the Mike Linton experience? You can expect stories that will inspire,
0:37.6	motivate, advice that will sharpen your focus, and expert information on real estate, finance, and market conditions.
0:47.0	Andrew Kim, thank you so much for being our guest on the Mike Linton experience.
0:51.0	I'm super excited for our time together and I want to talk about I want to make sure that we highlight what you're doing with share S.f.com in terms of helping people change their lives, buying real estate, that kind of thing.
1:04.7	But let's, if it's okay with you, like we talked about before we hit record, everybody has a story and
1:10.4	our passion is to help them tell it.
1:12.2	So with your permission, we're going to start with where you were born, go all the way up to today, and then we want to talk about the amazing things you're doing, helping people buy rental real estate.
1:20.0	Awesome, sounds good. This might be a bit of lengthy monologue, but I'll try to keep it short.
1:25.8	So that's okay, dude, you're good.
1:27.8	You're good.
1:28.8	You take as long as you want.
1:30.1	Awesome, awesome.
1:31.3	So I guess you could always edit and chop it up too, so there's that. So I was born in Toronto,
1:37.5	Ontario, Canada to immigrant Korean parents. At the time, this was in the 80s, immigration was that they're
1:46.3	shoving all the Koreans and immigrants into the ghettos.
1:49.1	And my parents didn't come from money.
1:51.0	They fled Korea in the early 70s, post war was still sort of an economic recovery. So no real hard skills. They were entrepreneurs set out failed quite a bit to the point where we sought bankruptcy as a child.
2:07.4	It was pretty much like a, it was like the one probably pivotal moment in my life where, know although I grew up knowing that we were kind of not
	...

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