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Epic Real Estate Investing

Joel Block - Raising Capital | 475

Epic Real Estate Investing

Matt Theriault

Business, Investing

4.7955 Ratings

🗓️ 20 September 2018

⏱️ 27 minutes

🧾️ Download transcript

Summary

Do you want to raise $20,000,000? Learn how on today's episode with Joel Block, a former CPA at PricewaterhouseCoopers, the owner of a real estate syndication firm, and the host of his own podcast, Profit From The Inside. Discover why Joel decided to leave PwC and start his own business, why you should be raising capital gradually, and Joel's upcoming event in October.

Transcript

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0:00.0

This is Terry O-Media.

0:04.0

Everybody wants to raise $20 million.

0:07.0

I mean, everybody wants to raise a ton of money, and that is just probably not a great idea.

0:12.0

In fact, one of the things I always say is And that is just probably not a great idea.

0:13.8

In fact, one of the things I always say

0:15.0

is the best way to raise $20 million is

0:17.4

go get a half a million dollars

0:18.7

and go do some good.

0:20.2

And then go get another half a million

0:21.6

or a million and go do some good.

0:23.0

You know, if you promise that you were going to do whatever it was, go do it, return the money,

0:28.0

and then you go back to people and say, look, now we're raising 3 million.

0:31.0

Well, all of a sudden those people are going to come back, they're going to give

0:33.1

you their friends are going to come back and then go do let's say 5 million and then after

0:36.9

you've done that you can raise all the money you want. Hello, I'm Matt Terrio of Epid Real Estate, and welcome to another episode of Thought Leader Thursday.

0:50.8

So today I am joined by an entrepreneur who began his career as a CPA with the

0:55.4

prestigious firm of Pricewaterhouse and during his time with the company's

0:59.2

entrepreneurial services group he immersed himself in the real estate

1:02.2

syndication business.

1:03.4

After reviewing his many tax returns, he left Pricewaterhouse in 1986 to start his

1:09.5

own syndication firm and raised several million dollars in three very short years.

1:14.0

By 1990, he had built a property management firm

...

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