TLP06: We’re in a People Business! with Melanie McDaniel

Our guest for this episode is Melanie McDaniel. She is the founder of Freestyle Capital Group, a boutique private equity firm that partners with passive investors to invest in private equity real estate transactions across various recession-resistant asset classes. Melanie offers a boutique experience to her investors and aims to have a personal relationship with each investor-friend.

Melanie believes that in the real estate industry, it helps to know people. It’s a people business, and real estate is just a vehicle that will help you get to your financial freedom and build your wealth. She values other people’s trust and emphasizes the importance of an untarnished reputation.  

Key Points from This Episode:

• Melanie’s mindset about money and wealth changed when she read Rich Dad, Poor Dad.
• She wanted to be a real estate investor but took the path of being a real estate agent first as her stepping stone.
• As an agent, she figured out which asset class she wanted to focus on.
• When she was ready to go full time, she left her W-2 job and launched her business, Freestyle Capital Group.
• Melanie shares her awful experience when she bought a single-family house with her self-directed IRA.
• Melanie gives tips on how to do a background check process before you make a deal with an operator.
• If she could change anything about the industry to make it better, what would it be?
• Melanie shares her thoughts on crowdfunding.
• Melanie gives a shout-out to the people who have helped her in this journey.

Tweetables:

“What is it that you do? What's your lane? What do you enjoy? Because we don't have to do everything, it’s a team effort.” [00:05:16]

“Why would I leave a job that was unfulfilling and not that exciting for me to go create my own business that's unfulfilling and not that exciting for me? I'm very clear on I just wanna do what I wanna do and then find partners to do everything else.” [00:05:34]

“I love to network, I go to tons of conferences, tons of networking events in person and virtual. I just love to meet people because the business that we're in is not a real estate business. We are in a people business. Real estate is just a vehicle that is helping us get to our financial freedom and build that wealth. It's really about the people, the people who are the investors, the people who are the operators, and everybody has their lane, and we all just need to figure out where we fit and link arms with the people who have the skills we don't have and just do life together.” [00:06:49]

Links Mentioned in Today's Episode:

Melanie McDaniel on LinkedIn

Melanie McDaniel on Instagram

Freestyle Capital Group website

Visit us here at: https://www.thelimitedpartner.com/

If you'd like to say hello, you can find Jake at @JJakeWiley on Instagram and Twitter, and on LinkedIn.

You will hear quite a bit of real estate terminology in every episode. We've aggregated the most common questions for you in the link below!

• https://bit.ly/learn-the-lingo