Stewart Heath - The CPA's Edge in Real Estate Investing

In this episode of the Dream Huge podcast, Pete interviews Stewart Heath, a seasoned CPA and entrepreneur with over 35 years of experience. Stewart shares his journey from traditional accounting to commercial real estate, emphasizing the importance of financial knowledge in entrepreneurship. He discusses his investment strategies, focusing on stabilized properties that generate cash flow from day one. Stewart also provides insights into navigating the commercial real estate market, the significance of understanding local dynamics, and offers advice for investors considering commercial properties. The conversation concludes with thoughts on future trends in real estate and the potential for innovative solutions to urban challenges.

 

Takeaways

• Stewart Heath has over 35 years of entrepreneurial experience.
• Being a CPA provides a significant advantage in real estate investing.
• Successful entrepreneurs must understand their company's financials.
• Investing in stabilized properties is less risky than value-add projects.
• Cash flow from day one is crucial for investment deals.
• The suburban office market is showing positive trends post-COVID.
• Investors should avoid commercial properties that are not optimally occupied.
• Hold times for investments are typically estimated at five years.
• Innovative zoning changes could address housing shortages in urban areas.
• Real estate investing is a collaborative effort, requiring teamwork.