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Join me, Nik (https://x.com/CoFoundersNik), as I speak with Sean O’Dowd (https://x.com/SeanODowd15), who runs the real estate fund Scholastic Capital. Sean shares how he went from consulting to building a fund that buys single-family homes in good school districts. He explains how he used platforms like Catalant to find high-paying consulting clients and emphasized the importance of functional skills and being a business "athlete". Sean also discusses how he leveraged his consulting income to begin building a real estate portfolio and how Twitter became crucial for networking, fundraising, and finding legal help. We also touch on his unique strategy of building a portfolio in the upper Midwest, and targeting a $100 million valuation.
Questions this Episode Answers:
- How can you leverage consulting to fund your entrepreneurial ventures?
- What strategies can you use to find high-paying consulting clients on platforms like Catalant?
- How can Twitter be a surprisingly powerful tool for networking and fundraising?
- How to structure a real estate fund including management fees, preferred returns and investor distributions?
- What are the long-term financial benefits of growing a fund to over $100 million?
Enjoy the conversation!
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This week we covered:
00:00 Highlights
00:40 Introduction to the Real Estate Fund
01:08 From Consulting to Real Estate
01:48 The Consulting Journey
02:33 Breaking into Entrepreneurship
03:49 The Catalan Experience
04:30 Financial Success and Lifestyle Changes
12:40 Starting the Real Estate Fund
17:40 Understanding the Fund Structure
18:23 Management Fees and Team Building
19:11 GP LP Model Explained
19:39 Preferred Returns and Fund Models
20:10 Hiring and Operational Costs
23:23 Growth Strategy and Future Plans
25:45 Acquisition Strategy and Market Focus
28:23 Twitter as a Fundraising Tool
31:46 Investor Relations and Transparency
32:55 Current Performance and Market Tactics
