4.8 • 692 Ratings
🗓️ 20 April 2024
⏱️ 14 minutes
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0:00.0 | Welcome to the Real Estate Strategies podcast. |
0:02.8 | Let's get right into this episode. |
0:04.5 | One of the most important skills for all entrepreneurs is the ability to raise capital. |
0:09.7 | So when times are good, raising capital is quite easy. |
0:12.9 | But when times are bad, it's very, very hard. |
0:15.8 | In just two weeks, I'm heading to New York to raise more capital, specifically to find distressed and broken deals. |
0:23.3 | I want to find somebody else's problem and buy it. |
0:26.3 | And that's how you make the most money when you're investing. |
0:28.6 | It's also the most important to be able to raise capital during the bad times. |
0:32.5 | And when times turn bad, whether it's personally in a business or in the economy, that's the time for you to put |
0:39.2 | the pedal down and to go harder. So over the next 24 months, I'm planning on buying over a billion |
0:44.5 | dollars of real estate, all distress in different markets where people have problems. And at 50% |
0:49.8 | loan to value, which is low, I figure I need about 500 million in equity. So that's precisely why |
0:56.0 | I'm going to New York to find that equity to be able to buy those broken properties and everybody |
1:01.4 | wins. Whether it's 500 million or 500,000, the concept is exactly the same. So in every market |
1:07.9 | everywhere, there's distress. At the 500,000 level, it might be one home builder that actually can't finish a home, for example. |
1:16.4 | But in my world of the multifamily, that could be a $50 million apartment project with the exact same problem. |
1:22.7 | So a lot of people try to raise money online, which is illegal in many, many cases. |
1:27.5 | So for those of you who are interested in learning how to raise capital legally, |
1:31.3 | I want to introduce you my good friend and syndication attorney and legal advisor to Kenmacore.com, |
1:38.9 | Maricio Raoul. |
1:39.7 | So, Maricio, I know you wrote about this in chapter five of the legal strategies book for everyone. |
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