53: Commercial Real Estate Investing with CrowdStreet CEO Tore Steen
Invest Like a Boss
Sam Marks Johnny FD Derek Spartz
4.8 • 518 Ratings
🗓️ 10 May 2017
⏱️ 61 minutes
🧾️ Download transcript
Summary
Tore Steen is the CEO and Co-founder of CrowdStreet which is a crowdsourcing platform connecting investors with Main Street investment real estate opportunities. Tore is a business leader in the internet and software industries with deep expertise in strategy, business development, sales, and marketing for both publicly traded and private enterprises.
With commercial real estate being the third-biggest asset class in the U.S. Tore will share how CrowdStreet is empowering individual investors by democratizing investment real estate. Tore will talk about technology solutions that provide real estate sponsors with a scalable platform for managing a large investor base. You'll also learn about the potential yields and the opportunities available to non-accredited investors.
Links:
Where are we:
Catalonia Spain - Sam & Johnny
Portland, Oregon - Tore
Book:
Start Here – Recommended reading
Time Stamps:
02:49 - Beginning of CrowdStreet
06:07 - The leadership team experience
08:36 - Defining commercial real estate
10:07 - Grading the quality of property
11:09 - Terms to familiarize with
14:09 - Demographic trends in the USA
16:57 - Investors circle learning platform
18:29 - Asset profile explanation
23:07 - Average member investment
25:20 - Software solution for developers
28:27 - The vetting process
32:54 - Average returns across the platform
36:09 - Nonaccredited opportunity
40:59 - Passive returns on investment
43:46 - High risk vs. safe ROI
46:21 - Biggest investment mistakes
55:09 - Nonaccredited investors
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Copyright 2017. All rights reserved. Read our disclaimer here.
Transcript
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| 0:00.0 | Welcome to the Invest Like a Boss podcast. I'm Sam Marks. And I'm Johnny FD. We're self-made entrepreneurs who invest our own money and use modern technology to invest like a boss. Join us each week for exclusive interviews with our network of modern investors, business owners, and multi-millionaires to discover new ways to invest our hard-earned cash. Hey guys, this is Johnny and welcome to episode 53 in the Best Like a Boss podcast. I am here with Sam Marks. |
| 0:22.6 | Johnny, we couldn't be sitting in a nicer place anywhere in the world, I don't think. |
| 0:28.0 | Yeah, we are in a old converted monastery in Catalonia, Spain. |
| 0:33.3 | Man, it's pretty spectacular. It's good to get out of the city for a bit. Although |
| 0:37.0 | Barcelona is one heck of a city, this is a nice retreat. |
| 0:41.3 | And, man, I'm excited for this week on the show. |
| 0:43.3 | We have on Torstein. |
| 0:48.2 | What a great name, Torstein. |
| 0:50.4 | It actually sounds like it's something maybe out of, like, Game of Thrones or one of the old Viking warriors of such. |
| 0:56.6 | But even cooler than his name, he's the CEO and co-founder of Crowd Street, which is always regularly regarded as one of the top crowdfunding for real estate crowdfunding sites in the industry. |
| 1:08.7 | So we're excited to have them on and learn more about how real estate crowdfunding works. Yeah, definitely, because I'm really interested in |
| 1:14.7 | acquiring more commercial real estate, but not necessarily managing myself. I value my location |
| 1:20.9 | independence and my free time so much. So I'm interested in how crowd should works. To be honest, I took a look at the website, and I was confused at all the terms. |
| 1:30.8 | And I was like, maybe I shouldn't do this because I have no idea what he's talking about |
| 1:35.5 | where any of these terms are talking about. |
| 1:36.7 | So hopefully in this episode, we'll clarify a couple of things. |
| 1:39.7 | Yeah, there's a lot of people in the exact same mindset as you and I on that. And this is one of the |
| 1:46.3 | hottest topics in investing today, not only commercial real estate, but commercial real estate |
| 1:51.9 | enabled by crowdfunding. And there's a lot of things that are unknown in the category, being a |
| 1:58.1 | brand new alternative asset class. So let's get them on and let's hear about, you know, what we can learn about this because it's something that I'm definitely leaning towards doing a lot more of. I love it. So let's take a listen to Torstein. Everybody, welcome back. Tor, it's great to have you on the show. Thanks for joining us Uninvest like a boss. Thanks, Sam. Thanks for inviting me today. Yeah, this is going to be fun. |
| 2:18.5 | You know, one of the hottest investment classes, it seems, is commercial real estate kind of by way of crowdfunding. |
| 2:25.5 | And, man, you must have seen some rapid changes in the last five years. |
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