Description

Looking to become a successful real estate investor? In this episode, we're breaking down the competitive nature of the industry and sharing valuable insights on navigating challenges in real estate development and investment. From taking ownership and responsibility to understanding the emotional struggles involved, we've got you covered. So, if you're ready to play the game and win, tune in now!

[00:01 - 08:23] The Game: Navigating Real Estate Development and Business Ownership

• Real estate investing is like a game that requires taking ownership and responsibility.
• The podcast is changing to focus on real estate development and business with a behind-the-scenes look at challenges and struggles.
• The podcast aims to provide a real perspective on investing in commercial real estate and to talk some people out of investing if it doesn't make sense for them.
• The competition in commercial real estate is fierce and new investors should be aware of the vast experience gap between themselves and seasoned players.

 [08:24 - 16:24] Lessons Learned from Real Estate Development Challenges

• Real estate investing is risky - more investors go bankrupt than become billionaires.
• Many millionaires made their money in business before investing in real estate.
• Learning from challenges in real estate investing can save you from investing in the wrong property or person.
• There are always new ideas and strategies to consider in real estate investing, and success depends on being adaptable to changes in local and global markets.

You can connect with me on LinkedIn, follow me on Twitter, and watch my videos on YouTube. If you want to go even deeper into the world of commercial real estate, head over to Shane Melanson, a roadmap to investing in commercial real estate! Get my book Club Syndication - How The Wealthy Invest Their Money 

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Tweetable Quote:  

"When the chips are down, when things are very difficult, I find that is where you really find out who you want to continue to do business with versus the people that you know will quit when things actually start to get difficult." - Shane Melanson