Designing A Wealth Building Platform for Millennial Audience

In today's episode of How To Scale Commercial Real Estate Podcasts, we are joined by Sach Jhangiani. Sach is the Co-founder and Chief Marketing Officer of Elevate Money, which works to remove barriers so investors can access the benefits of real estate investing with as little as $100. making life easier for investors to start earning passive real estate income.

Let's dive in!

Highlights:

[00:00 - 05:31] How to democratize real estate investing with Elevate.money

• Sach shares how he started doing part-time jobs at credit suites for 17 years.
• taking his experience into account Sach wanted to leave a legacy and co-founded Elevate Money with his colleagues.
• Its mission is to democratize real estate investing and give the average investors access to the same wealth-building tools that the wealthy have used for generations.

[05:32 - 10:59] Elevate: The Simple, Easy Way to Invest in Real Estate

• Create a profile and answer a few questions to get started with the regulatory bodies
• Connect your bank and invest in real estate through Elevate, which takes on the risk and manages the assets for you
• Sach shares that they did a survey and the results showed that younger investors want to invest in real estate, but don't know where to start or how to do it safely
• Elevate provides a platform and tools for investors to build a balanced portfolio of high-income producing assets

[11:00 - 16:16] Platform Provides Liquidity for Real Estate Investors

• How the company offers a platform for investors to invest in real estate deals.
• The company tries to be conservative with its investments, focusing on deals with high-quality tenants and minimizing its risk.
• The company also tries to be profitable from the start, leveraging no more than 60% of the value of the property.

[16:17 - 22:06] Closing Segment

• Reach out to Sach
• • See links below
• Final words

Tweetable Quote

"It's your long-term savings account. You shouldn't be pulling in and out of it all the time and that's where compound interest will benefit you." - Sach Jhangiani

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Connect with Sach Jhangiani by visiting their website at https://www.elevate.money/

or find them on the iOS appstore

Connect with me:

I love helping others place money outside of traditional investments that both diversify a strategy and provide solid predictable returns.

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Email me → sam@brickeninvestmentgroup.com

Want to read the full show notes of the episode? Check it out below:

[00:00:00] Sach Jhangiani: so from a business model, we look at things of, how much money are we spending to acquire customer.And ideally what's the lifetime value of that customer, because again, real estate is sticky. You're not supposed to be trading this you're supposed to in it. We recommend a minimum of three years, but ideally 5, 10, 15 years building your long term world. It's your long term savings account.You shouldn't be pulling in and out of it all the time. And that's where compound interest will benefit you. If you look 10 years later, you'd be like, oh my. How do I have that much money? Right. And that's the goal for the investors.

[00:00:39] Sam Wilson: Sach is the co-founder of real estate investing app elevate.money with 15 plus years on wall street, such and his team started elevate.money with the aim of making real estate investing accessible for all such. Welcome to the show.

[00:00:52] Sach Jhangiani: Thank you, Sam. I really appreciate it. Happy

[00:00:54] Sam Wilson: to be here. Hey man, the pleasure's mine, there are three questions.

[00:00:57] Sam Wilson: I ask every guys who comes to the show in 90 seconds or last, can you tell me, where did you start? Where are you now? And how did you get there?

[00:01:03] Sach Jhangiani: Absolutely. So I started my adult career on wall street. I was living in New York city. I had a part-time job at credit suites, walked into trading for, and that was it.

[00:01:14] Sach Jhangiani: I was in love at the attention the action, the energy I had to be there. And I figured it out a way to get in that field. And I did that for about 17 years. And through life, you grow, you have different experiences and you wanna take that those experiences and pass them along and share the knowledge and the wisdom.

[00:01:28] Sach Jhangiani: You gained to help others. And so wall street was great for me personally and professionally, but it really didn't satisfy that part of what I wanted to be in life and distorting the legacy I wanted to leave. And that's where elevate money comes in. So with elevate money to platform that I co-founded with the two of my partners, About a year and a half ago.

[00:01:47] Sach Jhangiani: And our mission is to democratize real estate investing and give the average investor access to the same wealth building tools that the wealthy have used for generations. That was not previously accessible until some regulations of change. And now platforms like us are bringing these alternative investments.

[00:02:04] Sach Jhangiani: Directly to the consumer without a middleman, without a money manager, without high fees. And giving them the same resources that the wealth they've had for a long time.

[00:02:12] Sam Wilson: Yeah, no, that's really cool. I mean, I love the idea from a high level there's there, there's a lot of things I'm sure you've had to think through in a lot of legal hurdles and a lot of compliance hurdle.

[00:02:24] Sam Wilson: I mean, I get dizzy just hypothesizing over what those possibly were. [00:02:30] So how did you clear a lot of those obstacles that have just kind of institutionally and structurally been put in place that would prevent an app like yours from ever coming to market?

[00:02:40] Sach Jhangiani: Yeah, it's a great question.

[00:02:42] Sach Jhangiani: There's two answers to it. One is my co-founder Harold Hofer is actually a pioneer in real estate crowd funding. This is the second company he's launching the space. So he's dealt. A lot of those problems for a long time before and has found solutions. So we had a little bit of a head start there where, he knew the playing field.

[00:03:00] Sach Jhangiani: He knew who we needed to talk to what we needed to get done and how to get it done, to get the platform up and running, to get past all the regulation and bring it to market, knowing what we can say, what we cannot say, all these things I think are important to understand because there is a lot more regulation when you're dealing with reggae, which is the.

[00:03:18] Sach Jhangiani: Way we could do it is through the jobs act, there was an opportunity for companies to start raising capital for investments. From the average investor, they didn't need to be accredited. They didn't need to have a million dollars or make 250, 2 $50,000 a year. They could be, an average person, but they're more regulated the S sec regulates those companies way more.

[00:03:39] Sach Jhangiani: So we're one of those companies. And so just understanding those hoops and knowing what needed to be done. So we had a little advantage.

[00:03:45] Sam Wilson: Gotcha. Yeah. I mean, that's that's it you have to have a team member and, or be the person that understand. How to navigate those waters.

[00:03:52] Sam Wilson: Cuz again you threw me in that arena to be like, I give up, this is gonna be chaos. So that's that's really cool that you guys figured that out. So walk us through how the platform works. How do you guys onboard properties? How do you guys onboard, investors? How, what just give us the lay of the land.

[00:04:11] Sach Jhangiani: Sure. So it's we try to simplify it as much as possible and the thought processes. We've seen other platforms do this, bringing real estate investment, to the average investor. And one of the things we realize is that when you're investing a hundred dollars, $500, a thousand dollars versus, $25,000 or a hundred thousand dollars, the level of due diligence, the level of time and understanding you, having that process maybe less and also the energy you wanted to put into less.

[00:04:39] Sach Jhangiani: And so we wanna make sure things were simple enough to underst. And also do all the heavy lifting for the investor. So instead of saying, Hey, here's 10 properties pick the one you like the best and they don't have the resources to go do the underwriting or due diligence on 10 proper. Around the country with us, they're investing in a portfolio.

[00:04:57] Sach Jhangiani: So we use a re structure. And with that [00:05:00] re structure, what that allows us to do is to continue to accumulate investors, add more properties into that portfolio. And then every investor gets a Al ownership of the entire portfolio. So the more inve Western investors we get. The more properties we buy, the more diversification within that portfolio there is for all investors.

[00:05:19] Sach Jhangiani: So that's the simple structure. And then from the platform perspective, it's really simple. I mean, it takes about five minutes to become a real estate investor and elevate that money. And basically you start the onb