From Playgrounds to Private Equity

Description

Episode 13 with Tory Sheffer

“It was certainly a lot easier because that first deal that I did, I made more than I would have made in a year selling houses. So I was like, okay, I got a year of income that was comparable to if I were selling houses…. So, I can always go back to selling houses. If I need to go make 20, 30, 50 grand, or whatever, absolutely need to, could I sell a house? Yeah, sure, but I'd rather sacrifice the short-term easy stuff and kind of build something for a longer term.”

Join Glenn as he interviews Tory Sheffer, the founder of Sheffer Capital, a real estate investment company owning over $75 million volume across 700+ units. Before his ventures in real estate, Tory owned and operated a commercial playground construction company as a college student. After getting his real estate license and selling houses for a few years in Michigan, Tory discovered multifamily real estate and shifted gears to finding commercial investment opportunities.

Glenn and Tory discuss:

· His journey from building playgrounds to selling real estate

· His first real estate investment

· Collaborating with investors on deals

· Selling real estate vs. investing in real estate

· The importance of equity

· Rolling profits from one deal into the next

· Using your network of family and friends

· Deciding when to sell and when to refinance a property

· Long-term investments vs. short-term easy cash

Episode Links:

X (formerly Twitter): https://twitter.com/ToryJSheffer