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In this episode of the Savvy Investor podcast, we're joined by former student, mastermind member, and now trusted partner Philip Shearcroft. We discuss his journey from being an entrepreneur in the restaurant industry to becoming a seasoned investor in both Canada and the United States.

Key Points Discussed:

- Philip's Background: His entrepreneurial spirit inherited from family; transitioned Philip from owning a restaurant to investing in real estate.
- Real Estate Journey: Started with purchasing a townhouse in Maple Ridge; moved on to U.S. investments due to barriers and limitations encountered in Canadian markets.
- Investing Strategy Shifts: Initially focused on long-term rentals but adapted strategy based on market conditions and opportunities.
- U.S. Investment Experience: Diversified portfolio includes 7-unit properties; faced challenges with cross-border investment complexities like taxes and IRS regulations.
- Returning Focus to Canada: Despite success in U.S., sees potential back home—specifically Edmonton & Calgary—and emphasizes need for strategic planning regardless of location.

Lessons Shared:
 
1. Treat real estate investing as a business rather than just a hobby.
2. Overcoming barriers may require looking beyond your immediate market or changing strategies altogether.
3. Educate yourself thoroughly before venturing into new markets, especially internationally where additional complications arise such as tax implications.

Key Takeaway:

Whether you're considering domestic or international real estate investing, it’s crucial to have well-thought-out plans backed by solid education and reliable networks that align with your entrepreneurial vision.

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Disclaimer: The views and advice expressed on this podcast are those of the participants and do not necessarily reflect the opinions or beliefs of the podcast host or affiliated parties. The content is for entertainment purposes only and should not be considered as professional financial, legal, or investment advice. Listeners are encouraged to conduct their own research and consult with qualified professionals before making any financial decisions. The podcast host and producers are not responsible for any actions taken based on the information provided.