There’s no better way to learn about anything than with hands-on experience. But when it comes to real estate investing, there’s traditionally a $100,000.00 buy-in just to gain access to such experience. This has long been a sticking point for young investing hopefuls, particularly for cash-strapped business students like Griffin Medwid. They spend their days learning all about the benefit of early investing in passive-income opportunities, but have little savings to participate. At least, that was the case before addy came along.
Entering the Business World
Medwid is in his final year in the Beedie School of Business at Simon Fraser University (SFU) where he’s studying finance, operations management and data analytics. He plans to go into consulting when he graduates, but he’s not waiting for graduation to begin immersing himself in the business world.
In addition to all of his academic pursuits, Medwid also serves as a brand ambassador for addy, which has developed an innovative system that allows ordinary everyday people to get a foot in the door of the real estate investment world without stacks of cash or bottomless lines of credit. In fact, addy investors can invest with as little as $1. Co-owners pool their dollars to purchase a property together. The whole process is vetted and overseen by addy experts, who have a wealth of real estate knowledge. The result is that anyone – even those who had no hope of breaking into the real estate market on their own – can become investors with vibrant, growing portfolios.
Don’t Wait to Build Your Financial Future
As an addy brand ambassador, Medwid helps to educate his peers at SFU on the importance of investing and how addy can help to achieve those goals, showing even cash-strapped college students that you don’t have to come from family money or wait until your forties to begin building your financial future. Medwid knows that if the addy is a solution for him, they could also help other university students.
“I’ve always been passionate about investing and I’ve wanted to invest in real estate but couldn’t afford to,” Medwid says. “This is an interesting opportunity to get involved in an exciting asset class I wouldn’t otherwise have had access to.”
Medwid says news about the state of the real estate market caught his attention some time ago, and he’s been keeping an eye on things since then, wondering about his own future. “I was just living in Vancouver and reading the news every day about the absurd prices,” he says. “I’d like to buy a house but I can’t afford one.” Then he came across addy and began to learn more. He saw that it provided open avenues to homeownership, even to a broke student. “So addy obviously piqued my interest,” he says.
Sharing the Wealth (Of Knowledge)
Now he spends time telling others how this platform can help them build wealth that most of his peers thought was out of their reach. “It gets students excited and involved with real estate investing,” Medwid says. “I’m spreading the word to all the students I know, because I know it’s a perfect solution for them, they just don’t know it yet.