MB512: Why This Real Estate Investor Walked Away From 100 Deals (and What He Did Instead) - With Steve Libman
Financial Freedom with Real Estate Investing
Michael Blank
4.7 • 577 Ratings
🗓️ 23 February 2026
⏱️ 43 minutes
🧾️ Download transcript
Summary
In this episode, Michael Blank sits down with capital-raising expert Steve Libman to discuss what it really takes to attract investors in today’s challenging market. From building credibility and long-term trust to navigating objections and resetting expectations, Steve shares practical strategies for raising equity when fear and uncertainty are high. This conversation is a masterclass in relationships, resilience, and playing the long game in syndication.
Key Takeaways
- Capital raising is a long-term relationship business, not a transactional one.
- Investors are more cautious than ever, requiring transparency, conservative underwriting, and consistent communication.
- Your track record is built during downturns, not bull markets.
- Education reduces fear — the more investors understand market cycles, the more confident they become.
- Follow-up and consistency matter more than charisma when building investor trust.
- The operators who survive this cycle will emerge stronger, with deeper investor loyalty and credibility.
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Resources
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Get the Book, Financial Freedom with Real Estate Investing by Michael Blank
For full episode show notes visit: https://themichaelblank.com/podcasts/session512/
Transcript
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| 0:00.0 | Hey, Newmakers, welcome to the show where it's all about financial freedom with real estate. |
| 0:03.8 | Let's do this. |
| 0:12.6 | Tonight of show, I have Steve Libman, and he got involved in the commercial real estate, probably 2017 when I first met him. |
| 0:19.2 | He had built a significant wholesaling and |
| 0:21.2 | flipping business. I think he did like 7,000 transactions over like 7 to 10 years. It's a wild |
| 0:27.4 | scale that he created. And also he explained why he got into commercial because he was paying |
| 0:33.3 | too much in taxes. Different motivators get people out of doing different things. Most of the time, |
| 0:37.8 | it's, oh my gosh, flips and hole failing is too much work. It's too active. It's not passive enough. |
| 0:41.9 | And they are. But he had built a pretty sizable business that allowed him to outsource and |
| 0:46.7 | delegate a lot of those things, which he talks about on a show, interesting in itself. And he was |
| 0:51.5 | able to then pivot into commercial simply by leveraging what he'd already |
| 0:55.4 | built. He had a team on board already doing transactions and negotiating and analyzing, and |
| 0:59.6 | it had raised money, and he then simply pivoted a little bit to commercial real estate. |
| 1:03.8 | So because of that, he was able to scale rather rapidly. Today, he has about a half a billion |
| 1:09.2 | dollars of real estate under management. |
| 1:11.1 | He's got a really, really interesting approach not only to make money, but also to make a |
| 1:16.1 | difference and how he approaches his multifamily and how he manages, how he builds communities, |
| 1:21.1 | and how he actually does good while doing well himself as well. So he talks about that. |
| 1:26.1 | He talks about raising capital at scale and getting |
| 1:28.5 | more into institutional type investors. What does that look like? What is what is that like as well? |
| 1:33.7 | And then we jam a little bit about the outlook of multifamily market and trajectory and different |
| 1:38.6 | kinds of asset classes and things of nature. So we cover a lot of ground on this episode. Let's get |
... |
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