Fri, 2 June 2017
#138: You’ve run out of money to buy real estate. What do you do now? You pool other people’s money for the down payment through a process called real estate syndication. Learn how.
Urban real estate investing involves: exploiting geographic class segregation, “moving the gentrification line”, rent control, and public transit proximity.
Today’s guest, Victor Menasce, is an Ottawa, Canada-based real estate syndicator. He’s an expert at teaching you how to raise capital from others for real estate deals in his book, Magnetic Capital.
Listen to this week’s show and learn:
00:48 How can “real estate syndication” make you wealthy?
03:59 Investing in the U.S. vs. Canada: the biggest difference.
05:28 Urban investing: “Buy on the line. Move the line.”
07:48 Infill development.
09:22 New construction and low inventory.
10:18 Example on a buy-and-hold million dollar building.
13:07 Urban areas: higher appreciation risk and reward?
17:31 Leading indicators of up-and-coming areas.
19:58 Rent control discussion.
24:33 Raising capital from others.
29:26 Establishing trust, track record, compelling opportunity, alignment.
34:53 “Borrow” someone else’s track record.
40:19 Give yourself a promotion.