Get Rich Education 138: Next-Level and Urban Real Estate Investing with Victor Menasce of Real Estate Espresso
#138: You’ve run out of money to buy real estate. What do you do now? You pool other people’s money for the down payment through a process called real estate syndication. Learn how.
Urban real estate investing involves: exploiting geographic class segregation, “moving the gentrification line”, rent control, and public transit proximity.
Today’s guest, Victor Menasce, is an Ottawa, Canada-based real estate syndicator. He’s an expert at teaching you how to raise capital from others for real estate deals in his book, Magnetic Capital.
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Listen to this week’s show and learn:
00:48 How can “real estate syndication” make you wealthy?
03:59 Investing in the U.S. vs. Canada: the biggest difference.
05:28 Urban investing: “Buy on the line. Move the line.”
07:48 Infill development.
09:22 New construction and low inventory.
10:18 Example on a buy-and-hold million dollar building.
13:07 Urban areas: higher appreciation risk and reward?
17:31 Leading indicators of up-and-coming areas.
19:58 Rent control discussion.
24:33 Raising capital from others.
29:26 Establishing trust, track record, compelling opportunity, alignment.
34:53 “Borrow” someone else’s track record.
40:19 Give yourself a promotion.
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