Ep #237: The Future of Crowdfunding -- with Ian Formigle of Crowstreet

Real Estate Investing for Cash Flow with Kevin Bupp

Kevin Bupp

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4.9 • 675 Ratings

🗓️ 9 July 2019

⏱️ 48 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this episode of the Real Estate Investing for Cash Flow Podcast, Kevin talks to real estate expert Ian Formigle. Ian is the vice president of investments at CrowdStreet, an online commercial real estate platform that helps diversify portfolios with institutional-quality, expertly reviewed, commercial real estate investments. He is also the author of the book “A Comprehensive Guide to Real Estate Investing”.

In this podcast, Ian shares how he got into the business as a multi family home investor. He talks about the 2008 financial crisis and gives some insights into what could have been done better. Ian explains what they do at CrowdStreet and breaks down the process of how they connect and work with sponsors and investors. He also differentiates between three ways investors can invest through CrowdStreet.

QUOTES:

“Just because something is going better than you think it could go, well maybe you should ask yourself what’s going on there because probably it’s unsustainable.”

“For every one hundred potential deals that show up on our doorstep, five of them actually make it onto the market place.”

“If we’re going to be in a deal, there has to be a relevancy there, nobody’s doing this for fun, we’re doing it because there is a product market fit between sponsor and investor at the end of the day.”

“So what we do is we give investors good tools to analyze and track their portfolio in their own dashboard and so that’s what the investors look in for, and so we are the communication infrastructure…”

“These days, we’re finding that the typical sponsor on the market place has started on average to over two billion dollar worth of deals, has been in multiple markets and has ten plus years of operating experience in the entity level.”

HIGHLIGHTS

6:46 Ian’s background
13:09 Ian explains how CrowdStreet operates
25:49 Long term projections and sensitivity controls
34:21 What the future looks like with crowdfunding
38:26 Three ways to invest via CrowdStreet

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
https://www.crowdstreet.com/
The Comprehensive Guide to Real Estate Investing by Ian Formigle (book)

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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 and heard that real estate is a great way to do it.
0:09.4	But you're tired of all the so-called gurus who are all talk and no substance.
0:15.2	Get ready to celebrate because Kevin Bup has spent 14 years successfully making it happen.
0:21.7	This is the Real Estate Investing for Cash Flow podcast.
0:25.2	Now, here's Kevin Bup.
0:31.7	Hey guys, Kevin Bup here, and I want to welcome you to another episode of the Real
0:35.4	Estate Investing for Cashflow podcast, where mission is 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 expert Ian Formigli.
0:47.9	Ian is a real estate professional and serial entrepreneur with over 20 years of experience
0:51.9	in real estate private equity, equity options,
0:54.4	trading, and startups. Ian is vice president of investments at Crowdstreet, overseeing its marketplace,
1:00.2	an online commercial real estate investment platform that has completed nearly 300 offerings
1:04.7	totaling some $11 billion of commercial real estate.
1:08.7	Ian is also the author of the Comprehensive Guide to
1:11.0	Commercial Real Estate Investing, and he is a contributing author at Forbes.com. Now, prior to joining
1:16.5	Crowd Street, Ian was VP of business development for Scanlan Kemper Bard companies, where he
1:21.9	managed the firm's alternative investment platform and served as a senior acquisitions officer.
1:27.0	Previously, Ian co-founded and served as
1:29.1	CEO of Claris Property Ventures, a regional real estate private equity firm that focused on
1:33.7	multifamily acquisitions. Now, Ian began his career as an equity options market maker and a member
1:39.7	of the Pacific Exchange. Ian holds a BA in economics and a BA in political science from the University
1:45.2	of California at Berkeley, as well as a Series 7 and Series 63 licenses. Now, here's what you're
	...

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