Summary
In this engaging conversation, Jonathan Velarde speaks with Bethany LaFlamme, a managing partner at Premier Law Group and author, about her journey from law school to real estate investing. They discuss the intricacies of business acquisitions, the process of raising capital, and the importance of building relationships in the industry. Bethany shares insights on her new community, the Conscious Capital Collective, and emphasizes the value of leveraging other people's resources to achieve success. The conversation wraps up with advice for aspiring lawyers and investors, highlighting the significance of finding one's lane and leading with strengths.
Takeaways
Law school can provide valuable skills for real estate investing.
Building relationships is crucial in business acquisitions.
Raising capital can be done through friends, family, or public offerings.
The process of raising capital involves legal compliance and documentation.
Conscious Capital Collective offers resources for real estate and business growth.
Investors should focus on their strengths when seeking partnerships.
Real estate is accessible for average investors willing to contribute time or money.
It's important to vet potential partners carefully.
Aspiring lawyers should seek mentorship and guidance in their chosen field.
The hustle culture should not overshadow the importance of balance and well-being.
Chapters
00:00 Introduction to Bethany LaFlamme
02:08 Law School Experience and Its Impact
05:29 Buying and Selling Businesses
09:39 Raising Capital: Friends and Family vs. Public
15:42 The Process of Raising Capital
20:58 Accredited Investors and Fees
22:33 Understanding Syndication Fees
25:35 The Role of Asset Management
26:04 Introducing the Conscious Capital Collective
28:47 Leveraging Other People's Everything (OPE)
29:57 Opportunities for the Average Investor
32:27 Finding Your Lane in Real Estate
34:56 The Importance of Partnering Wisely
38:02 The Journey of Writing a Book
42:28 Advice for Aspiring Lawyers
