In this Story episode, we sit down with Stewart Heath, CEO of Harvard Grace Corporation and Harvard Grace Capital. He talks about starting out as an accountant before getting into the real estate game. Through his 30+ years of being an entrepreneur, he has learned to combine good advice, gut instincts, of course, math to make sound decisions in business. Stewart has done residential deals but is now focused on commercial properties and other assets. He also discusses the market conditions in Tennessee and Alabama, and how to find deals in those areas. Join us and listen in!

Stewart Heath, CPA and his team provide administrative and financial services to businesses and real estate projects. Stewart also sits on several boards, including Winsome Truth, The Shepherd’s Call, and Second Chance Sober Living. In 2016, he was recognized as a finalist for the Nashville Business Journal’s CFO Awards. Currently, he also holds several fractional CFO positions.

[00:01 – 09:11] Real Estate is Mostly Math

• Finding inspiration from an infomercial and buying his first property
• How his background as a numbers guy comes into play in business
• The importance of cashflow

[00:01 – 09:11] Following Advice and Intuition

• Finding inspiration from an infomercial and buying his first property
• How his background as a numbers guy comes into play in business
• The importance of cash flow

[09:12 – 19:38] Transitioning from Residential to Commercial and Other Ventures

• Why he’s not focusing on residential assets anymore
• Purchasing an office building off-market
• The importance of location and its potential to attract businesses and jobs

[19:39 – 24:29] Knowing Your Market

• The value of tertiary markets
• Real estate is local
• Looking for niche opportunities

[24:30 – 28:26] Closing Segment

• What is next for Stewart and Harvard Grace Capital?
• Connect with Stewart!

Tweetable Quotes:

“You just work the numbers. It's not hard. I mean, there's a lot of more complex ways to make money. And if it cash flows by it, and then wait, because most of the time real estate increases in value, and you go forward from there.” - Stewart Heath

“ You need to know what you like and what you're capable of. You don't want your investment to start making you miserable.” - Stewart Heath

----------------

Socials and Links

Connect with Stewart on Linkedin!

Check out Harvard Grace Corporation and Harvard Grace Capital on their website and book an appointment at Calendly!

Be sure to check out PassiveInvesting.com to learn how to build wealth through real estate!

LEAVE A RATING AND REVIEW + help someone learn how to start their investing career by sharing this episode or click here to listen to our previous episodes.

Get IN RHYTHM and follow The Multifamily Artists Podcast on Apple Podcasts, Audible, and Captivate

Visit our website to learn more about me and IN RHYTHM

Follow me on Instagram, Facebook, and Linkedin.