WS1579: Building A Business Around Generosity | Micah Lacher

One of the reasons we are capable of giving is because we have experienced the feeling of receiving first. Our guest today, Micah Lacher, being a recipient of much generosity, got inspired to build his business around generosity and started giving 1% of his profit away to help a lot of people. 

Our conversation highlights the importance of preparing for a potential downturn, the best way to find new investors, and Micah’s advice for passive investors. Listen in as he teaches us the value of having good investors and how he structures deals that benefit the community. Catch us now and even learn his predictions for the real estate market in the next 6-18 months!

Key Points From This Episode: 

• Micah’s background before he started in real estate.
• Lessons learned from the downturn in 2009.
• Key questions to ask when interviewing bankers.
• The importance of having a solid investor base.
• How Micah structures deals with the community that is also beneficial to many people.
• Micah shares the two types of deals they make and about ‘Rooms for Rooms’ that is currently helping many people.
• How does Micah partner with local communities?
• What inspired Micah to build his business around generosity?
• Micah’s predictions in the real estate market over the next 6-18 months.
• How Micah prepares for a potential downturn.
• The best way for meeting new investors in the current market.
• The biggest syndication challenge Micah faced that can also help other people’s business.
• Micah’s advice for passive investors with the current state of the economy.
• The most important metrics that Micah tracks in terms of personal and professional aspects.
• The habits that Micah is getting consistently done which helped him generate high returns.

Tweetables:

“I will find banks that want to loan us money. But I'm not going to just take any lender, because I'm really trying to figure out who's going to be a partner through good and bad times.” - Micah Lacher

“Two of the biggest takeaways is you have to have a solid investor base that will be with you through good markets and bad. And then you also have to have great lending partners because it truly is a partnership.” - Micah Lacher

“I always tell my investors, there will be a deal at some point that does not go as we hoped, but I want you to do a lot of deals with us. And that way

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