Ep #219: Transition from Traditional Career to RE Investor -- with Victor Menasce

Real Estate Investing for Cash Flow with Kevin Bupp

Kevin Bupp

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4.9 • 675 Ratings

🗓️ 5 March 2019

⏱️ 41 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today's episode of The Real Estate Investing for Cash Flow Podcast features real estate investment expert and serial entrepreneur, Victor Menasce. 

Victor held senior roles at several firms in the high tech industry for 25 years before deciding to become full time with real estate 9 years ago. He has since touched on ground up RV communities, multi-family and residential developments, and much more.  

Today he sheds light on a particularly unglamorous side of the business: rough patches and how he was able to weather them out to still achieve success.

Quotes:

"I wasted a lot of time and probably wasted a lot of money basically going back and entering that business from the bottom of the business as opposed to coming into that business from the top of the business."

"One of the perspectives that I always take when it comes to real estate projects is to make sure that those projects have enough margin to be resilient." 

"The key in the success for any active business is the team." 

"You want to make sure that if there is strong demand that there is some kind of constraint on the supply side."

"The number one mistake I see a lot if investors make is that they are starting projects that are too small and one of the consequences of that is that you can't afford the skills that you need to properly fill out your team."

Highlights:

[05:27] Victor's challenging entry to real estate 

[12:45] Case study: a deal that didn't go as planned 

[26:31] Details on taking over the deal

[33:31] How to report good and bad news to investors 

[35:51] Overview commentary on the market

Job Opportunities with my Team: Click Here

Recommended Resources:

Check out our company and our partnership opportunities by visiting SunriseCapitalInvestors.com
Would you like to partner with us on future MHP deals, call 844-CASH-FLW to learn more or click here to schedule a time on our calendar.
Grab a free copy of our book “The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park…and how to avoid them click here

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Transcript

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0:00.0	You've been searching for the best way to generate passive income in your life
0:06.6	and heard that real estate is a great way to do it.
0:09.2	But you're tired of all the so-called gurus who are all talk and no substance.
0:15.3	Get ready to celebrate because Kevin Buck has spent 14 years successfully making it happen.
0:21.8	This is the Real Estate Investing for Cash Flow podcast.
0:25.3	Now, here's Kevin Bup.
0:31.5	Hey guys, Kevin Bup here, and I want to welcome you to another episode of the Real
0:35.2	Estate Investing for Cashflow podcast, where missions to help you build and maintain massive amounts of cash flow through income-producing
0:42.2	real estate investments. Now, our guest for this week's show is real estate investment expert
0:46.6	and serial entrepreneur Victor Minash. Victor has focused the past nine years of its professional
0:52.3	life on real estate investment.
0:58.1	He got to start in Canada and moved quickly into the U.S. markets as the opportunities for great investments presented themselves.
1:00.5	Now, prior to becoming a full-time real estate investor, Victor spent the first 25 years of
1:05.3	his career in the high-tech industry.
1:07.6	Some of his past roles include Vice president of engineering at Wavesat,
1:11.7	chief technical officer at Applied MicroCircuits Corporation, founder and chief operating officer
1:17.3	at Somerset Technologies, and as well as at litany of other senior level roles at high-tech
1:21.8	firms. Now, on the real estate side, Victor has been involved as a principal on a wide variety of projects, including
1:29.4	ground-up RV community, numerous multi-family developments, residential developments, just a litany
1:35.3	of different types of projects. And he really does love the development space as well. In fact,
1:39.1	we're going to have a little bit of a discussion today about some of his development projects.
1:43.4	And really, my goal in today's show,
	...

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