There are many people that have many questions about how to invest in real estate. That's why we are here today. In this episode, I will answer some questions that you have sent me to my emails. I hope to do more of this section in the future, so don't hesitate to go to my website and submit all questions you may have on the contact form conversation. My goal is to be able to provide you with useful information and my insights in real estate.
Let's dive in!
[00:01 - 03:40] Opening Segment
- An overview about the Q & A section.
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- How to invest in real estate.
- My opinion about investment.
- Q & A for future podcasts and for Facebook.
[03:41 - 18:20] Q&A with Shane - How to do My First Development
- How do I raise money from multiple investors?
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- Syndications: a group of people that you are raising capital from.
- High network investors.
- GPLP: General partner and limited partner.
- I have two sets of investors: One wants to own the units of the project and the other investor only wants the return from the investment
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- Don't do deals to try a piece of my limited partners .
- The importance of having a clear plan.
- What is the total ROI on a value add project your clients achieve?
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- Real estate and commercial deals are different.
- Pulling the majority of the equity
- Is it realistic to expect deals can be structured where I can pay my partners out and keep the property?
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- If investors take a chance on me, they can stay with you through the deal.
- With the development training and your support, can I go out and put a team together to do a project?
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- Find someone that has a track record that you trust.
- Think about the value that you can add to the deal.
- What are your thoughts on long distance investing?
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- Commercial real estate is a relationship driven business.
- Brokers want deal certainty.
[18:20 - 19:46] Closing Segment
- Final thoughts.
- We will begin coaching sessions next month! If you are interested in my coaching and consulting program, please reach out to me through email at shane@shanemelanson.com or see below for my website link. I want to make sure to cater those interested, so please use the word "coaching" on the body or subject line.
- Don't forget to connect with me and grab a hold of my free book through my website below.
Tweetable Quotes:
"When you try to make everyone happy, you make no one happy." - Shane Melanson
"Everyone has a different idea of what fair is, and I don't really even like that terminology because my own personal belief is: Life isn't fair." - Shane Melanson
"The closer to home you invest, the more likely that you have good relationships." -Shane Melanson
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