The Art of Passive Income What are the Benefits of Commercial Real Estate?
On this week’s episode of The Art of Passive Income, Mark welcomes Real Estate Developer and Cash Flow Specialist, Shane Melanson to the show.
Shane Melanson is a Real Estate Investor, Author, and Cash Flow Specialist. He was introduced to commercial real estate by a mentor (now his father-in-law) who showed him a systematic way to invest in commercial real estate. This approach demonstrated how to raise millions from investors and how to put together the right teams to execute their business plans.
Over the years, Shane has been assisting many real estate investors to transform their lives and create enough passive income to replace their job. He has committed the last 10 years of his life to help others discover commercial assets that suit their needs. Today, he specializes in helping professionals in Canada who are earning mid-6 figures convert their income into net worth by becoming owners of commercial properties. Shane is also the host of the Investing Advantage Podcast and the founder of Melanson Real Estate.
Listen in as they discuss:
- Shane’s journey to commercial real estate.
- The difference between a good deal and a bad deal.
- Mistakes new real estate investors make in their first year.
- Shane’s outlook on switching from being opportunistic to more diligent and focused.
- Having your money work for you rather than working for your money.
- Assets that have a future in investment.
And more!
Shane also shares the worst advice he has heard about commercial real estate while being in the business.
TIP OF THE WEEK
Mark: My tip of the week is which is shanemelanson.com, read a book there: Club Syndication, How the Wealthy Invest Their Money, Discover How to Raise Capital, and Invest in Commercial Real Estate. Claim your copy today!
Scott: My tip of the week is also a book called Am I Being Too Subtle by Sam Zell, it's straight talk from a business level. I like it, I like the guy's personality. Check it out!
Shane: One book I really enjoyed is by Keith J. Cunningham called Keys to the Vault, some of the experts out there say he is the real Rich Dad Poor Dad behind the Robert Kiyosaki; and if you read some of his books, he's got a lot of wisdom as it relates to risk, understanding deals, deals structures whether it's raising capital or investing. Even with my own book, I think that's probably one of the best resources that I could point to your audience.
Isn’t it time to create passive income so you can work where you want, when you want and with whomever you want?