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/

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