Jul 17, 2020
In this episode, I will be discussing some of the conversations I've had with my mentors—particularly a conversation with my father-in-law, business partner, and mentor, Andy.
Let's dive right in and learn lessons from the advice my mentors have given me.
Things you will learn in this episode:
[00:01 – 01:26] Opening Segment
- I talked briefly about valuable information that you can take advantage of in this episode
[01:27 – 04:51] Investing in Commercial Real Estate
- I talked about “missing information from audio” as a market
- I share a story from a podcast I’ve listened to before
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- Comparison between Apple stocks and real estate
- The inefficiencies in real estate
- If you are interested in commercial real estate, here’s some advice that you don’t want to miss!
[04:52 – 11:21] Biggest Investing Lesson learned from my Mentor Andy
- I talked about a conversation I’ve had with my mentor
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- The people who have done the best in real estate have a keen sense of understanding value.
- When selecting real estate, focus as close to “home” as possible
- I share a story about an investment offer
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- Why I didn’t take it
- My investing principles
[11:22 – 16:08] Closing Segment
- Takeaways for this episode
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- Invest in your backyard
- Dialing in your investing principles
- Importance of mentors
- Why having investing principles are important
- If you don't have a copy of my book, grab one at https://www.clubsyndication.com/optin-389646951589201980696 for more information on the fundamentals of raising capital, how to identify deals, and many more.
Tweetable Quotes:
“When you are raising money and doing deals, one of the keys is to make sure you don’t lose your investor’s money or your own money.” – Shane Melanson
Resources mentioned in the episode:
- The Safeline Investing
- The Programmatic Investor
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