How a 15 Min Conversation Saved Investor $2.5M The Game for Real Estate Investors and Developers

Discover the journey of a Shane who learned the hard way that investing in courses and coaches isn't enough to succeed. This episode delves into the practical aspects of investing in commercial real estate, including how to assess opportunities objectively, strip out the hype and fluff, and partner with experts for tangible results. Learn how to evaluate cap rates, understand the risks and opportunities, and make informed decisions. Tune in to hear from the expert and discover what it takes to succeed in commercial real estate investing!
 
[00:01 - 04:40] Detaching from Investing in Courses, Coaches, and Consultants 
Over $150,000 invested in courses, coaches, consultants, and seminars in the past two years
One-third of those helped purchased their first commercial property
Suggested a minimum investment of $250,000 to attract those without emotional attachment to the idea
Realized the danger of investing in the hope of a quick fix or magic formula and paid dearly for it
  
[04:41 - 08:46] The Power of Certainty 
Recognized that people desire real solutions for their business needs, without gimmicks or hype
Analogy drawn between a personal trainer and a cosmetic surgeon, emphasizing the importance of certainty and lower risk/investment
Shifted focus from selling what people need to actually providing hands-on assistance
Adopted a partnership approach with clients, offering practical help to achieve their business goals 
 
[08:47 - 14:24] Assessing Commercial Real Estate Opportunities
Commercial property value is determined by the cap rate
Cap rate indicates the return on investment if the property was purchased all cash
Brokers and sellers may overprice the property despite market conditions
Investors should evaluate the risk and opportunity of a property before investing
Seeking expert advice and asking difficult questions can help investors make informed decisions
  
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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“The worst thing you can do is rush a bad deal” - Shane Melanson