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A real-estate finance class he took during his senior year of college introduced him to the business side of real estate. Before, his definition of real estate was essentially, "the house that you live in," he told Insider. He subscribes to the " Real Estate Addicts " podcast hosted by two Boston-based investors, Ray Hurteau and Dan Rubin. As for his top book recommendation, it's " Sell It Like Serhant ," by real-estate broker, investor, and "Million Dollar Listing" star Ryan Serhant. In the book, Serhant describes this principle of having the most balls in the air as "a secret that gave me a huge advantage."
Persons: Ricky Beliveau, Beliveau, , Ray Hurteau, Dan Rubin, it's, Ryan Serhant, Serhant, you've, He's, I'd Organizations: Northeastern University, Volnay Locations: Boston, Volnay Capital
If you're financing the home, you're going to be paying a mortgage, he pointed out: "Yes, you are paying down principal." But, at the end of the day, a monthly mortgage payment is an expense. Of course, rent is a monthly expense as well, which begs the question: Do I rent or buy? "You're paying down a mortgage with rental income, not the cash out of your pocket. To achieve financial freedom, Beliveau stresses getting your first "rental asset" — not just your first rental unit.
Persons: it's, Ricky Beliveau, Beliveau Organizations: V10 Development
As a college senior in 2010, Ricky Beliveau wrote a paper about how to invest in multi-family real estate. Six months after graduating, he used his capstone project as a blueprint to actually purchase a multi-family unit himself. He quit his day job in 2015 to go all-in on real estate. Today, at 36, he runs several real-estate related businesses, including Volnay Capital and EVO Real Estate Group. Consider what real estate investor Todd Baldwin did at the beginning of his career.
Persons: Ricky Beliveau, , she'd, Beliveau, he'd, Todd Baldwin, Baldwin, it's Organizations: Northeastern University, Volnay Capital, EVO Real Estate Group Locations: Boston, Seattle , Washington
His senior year of college, he enrolled in a real estate finance class and started learning about various property-investment strategies. He was particularly interested in multi-family real estate and focused his capstone project around it. By 2015, his real estate investing business reached a point of profitability where he felt comfortable quitting his finance job. Getting into real estate in today's market is "very hard," he said matter-of-factly. To achieve financial freedom, Beliveau stresses getting your first "rental asset" — not just your first rental unit.
Persons: Ricky Beliveau didn't, Beliveau, I'd, Ricky Beliveau, it's, didn't, It's Organizations: Volnay Capital, Wellington Management, Northeastern University Locations: Connecticut, Boston, today's
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