13 min
My Journey: 10 Valuable Insights for New Commercial Real Estate Investors The Game for Real Estate Investors and Developers
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- Investing
In the vast and intricate world of real estate, navigating without guidance can be daunting.
Today, Shane shares his insights on the ten things he wished he had known when he started in real estate, such as understanding different asset classes, getting clarity on what one wants and why, the importance of specialization and focus, and more. He emphasizes the importance of having the right partners, understanding one's strengths, and having proper expectations when investing.
Aspiring investors should not miss this episode! Tune in now for an insightful look into what it takes to become a successful real estate investor.
[00:01 - 04:55] 10 Things Shane Wish He Knew Before Investing in Commercial Real Estate
• Ten things to consider when investing in commercial real estate
• Understand the options of different asset classes, locations and why you want it
Specialize and focus on one asset class • Develop relationships and understand market timing
[04:56 - 08:47] The Value of Having the Right Partners in Real Estate Investing
• The importance of taking extra time and having someone else give perspective on a property
It is vital to find people you trust to execute a project • Knowing where you fit into the equation
• Real estate investing is a grind and not quick and easy
[08:48 - 11:51] Real Estate Investing Is Not the Only Way to Invest Money
• It is essential to understand where real estate investing fits into the entire scope of investments
Having enough capital and staying power is essential for successful real estate investing • It is beneficial to make money in other areas and recycle it into real estate investments
• Syndications are good, but owning the deal yourself can be more liberating and quicker
[11:52 - 13:57] Closing Segment
• Why investors should consider a four-by-four grid
Building, growth, keeping, carry, and performance categories
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
LEAVE A REVIEW + help someone invest in commercial real estate with confidence by sharing this episode or clicking here to listen to our previous episodes.
Follow The Game for Real Estate Developers & Investors Podcast on all Streaming platforms. Deezer, Apple Podcasts, Google Podcasts, Spotify, or visit our YouTube Channel.
Tweetable Quotes:
“I think in some cases people underestimate how valuable one or two key relationships can be.” - Shane Melanson
“I don't think you necessarily need to be an expert at doing a development or retail. What you want to be an expert at is identifying people that you can trust, that have this skillset and know where you fit into the equation.” - Shane Melanson
“Understanding kind of where you are, what your focus is, how much energy and effort you have to put into it, will help to determine what strategy you use.” - Shane Melanson
In the vast and intricate world of real estate, navigating without guidance can be daunting.
Today, Shane shares his insights on the ten things he wished he had known when he started in real estate, such as understanding different asset classes, getting clarity on what one wants and why, the importance of specialization and focus, and more. He emphasizes the importance of having the right partners, understanding one's strengths, and having proper expectations when investing.
Aspiring investors should not miss this episode! Tune in now for an insightful look into what it takes to become a successful real estate investor.
[00:01 - 04:55] 10 Things Shane Wish He Knew Before Investing in Commercial Real Estate
• Ten things to consider when investing in commercial real estate
• Understand the options of different asset classes, locations and why you want it
Specialize and focus on one asset class • Develop relationships and understand market timing
[04:56 - 08:47] The Value of Having the Right Partners in Real Estate Investing
• The importance of taking extra time and having someone else give perspective on a property
It is vital to find people you trust to execute a project • Knowing where you fit into the equation
• Real estate investing is a grind and not quick and easy
[08:48 - 11:51] Real Estate Investing Is Not the Only Way to Invest Money
• It is essential to understand where real estate investing fits into the entire scope of investments
Having enough capital and staying power is essential for successful real estate investing • It is beneficial to make money in other areas and recycle it into real estate investments
• Syndications are good, but owning the deal yourself can be more liberating and quicker
[11:52 - 13:57] Closing Segment
• Why investors should consider a four-by-four grid
Building, growth, keeping, carry, and performance categories
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
LEAVE A REVIEW + help someone invest in commercial real estate with confidence by sharing this episode or clicking here to listen to our previous episodes.
Follow The Game for Real Estate Developers & Investors Podcast on all Streaming platforms. Deezer, Apple Podcasts, Google Podcasts, Spotify, or visit our YouTube Channel.
Tweetable Quotes:
“I think in some cases people underestimate how valuable one or two key relationships can be.” - Shane Melanson
“I don't think you necessarily need to be an expert at doing a development or retail. What you want to be an expert at is identifying people that you can trust, that have this skillset and know where you fit into the equation.” - Shane Melanson
“Understanding kind of where you are, what your focus is, how much energy and effort you have to put into it, will help to determine what strategy you use.” - Shane Melanson
13 min