Capital Hacking E285: Building Wealth through Real Estate with Daniel Holmlund
In this episode of Capital Hacking, hosts John Edwin and Josh McCallen are joined by Daniel Holmlund, a real estate investor with a 20-year legacy in the industry. They discuss the challenges of being a hard lender and the importance of building a community and giving back. Daniel shares his experience in real estate investing and how he has created an education format to help others start buying their own properties and jump into syndications. He also emphasizes the value of sweat equity and learning from successful syndicators. Tune in to gain valuable insights from this real estate expert.
[00:02:08] Cracking the code on syndications.
[00:04:21] Correcting the pronunciation of names.
[00:08:33] Investing in local communities.
[00:11:14] Lessons learned from bad partnerships.
[00:14:10] Sweat equity and success.
[00:19:15] Real estate education at Intel.
[00:21:42] LinkedIn research strategy.
[00:24:45] Creating a community.
[00:27:19] Joining the Alternative Investing Club.
When it comes to buying real estate, it's crucial to approach it with a farming mindset rather than a hunting mentality. This means taking the time to educate yourself and establish a solid foundation, rather than rushing into the process for quick success. Just like farming, real estate requires planting seeds, nurturing them, and allowing them to grow over time. It's not an instant achievement, but rather a patient and gradual process. The episode emphasizes the importance of avoiding the allure of overnight success portrayed in popular shows. Instead, viewers are encouraged to view real estate as a long-term investment that demands nurturing and care. By dedicating time to educate yourself and build a reliable team, you set yourself up for success in the real estate market.
One topic that the episode delves into is the concept of human capital and its significance in real estate investing. The host and guest discuss how human capital, which encompasses individuals' skills, knowledge, and abilities, is a valuable asset that can be leveraged in real estate investing. They introduce the term "sweat equity" and liken it to a "wealth internship," highlighting the idea that investing time and effort into real estate can yield substantial returns.
The guest, Daniel, shares his personal experience of transitioning from a career in technology to becoming a real estate investor. He emphasizes the abundance of opportunities for individuals to actively participate in growing real estate enterprises. The host mentions internships as a means to gain experience and industry insights, expressing a desire to educate people about the possibilities in real estate.
Furthermore, the episode underscores the importance of networking and harnessing human capital in real estate investing. The guest descri
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We believe that Capital is more than just Cash. In fact, Human Capital always comes first before the accumulation of Financial Capital. We explore the best, most efficient, high-integrity ways of raising capital (Human & Financial). We want our listeners to use their personal human capital to empower the growth of their financial capital. Together we are stronger.