The Real Estate Syndication Show WS1590: Applying Business Skills to Real Estate Investing | Todd Silance
To succeed in real estate investing, one must develop business skills and sound knowledge of the property market. Some successful real estate investors use their experience in one field and apply it to their investing practice.
Todd Silance is one of the few entrepreneurs who succeeded at effectively managing multiple business ventures and staying on top in the industry. Through his expertise in relationship building, organization, and leadership, he has built a real estate investing company and multiple franchises of a popular fitness center. Discover his journey in this special interview.
Key Points From This Episode:
- What made him decide to venture into business?
- Why did he follow the franchising route? What made him attracted to it?
- What is it about real estate that he is so passionate about?
- How did he streamline his operations in real estate?
- What has he learned from the franchise model?
- How does he find the right people to work with?
- What would he have done differently on his first deal?
- What is his best source for meeting new investors today?
- What are his best pieces of advice for passive investors?
- What are some of the most important metrics that he tracks?
- How does he give back to the community?
Tweetables:
“Let's use the systems that are out there from people that I've invested with or partnered with. Take the best of the best from all of them, and try to put it into our business and streamline it.”
“It's a learning experience. And actually, it benefited me on how I present the next deals or how I've connected with other operators, other people in this industry.”
“It allowed me to grow our investor base and how we present the deals to our investors.”
“We may not have a physical presence, but what we do have is potential other partners, operators that are in those markets, have strong presence and have great fundamentals that we might be able to partner with.”
“Just like everybody, whether you're working as a doctor, whether you know, any job you might have, you're always looking to invest your money, whether it's probably for the future.”
“We're trying to provide an opportunity to educate those business owners that they can get some benefits in real estate passively by investing passively.”
“We found good traction in investors in our local meetup groups. It's
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