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The Intrinsic Value Podcast - The Investor’s Podcast Network

REI168: The Road to Commercial Real Estate Success w/ Matt Lasky

The Intrinsic Value Podcast - The Investor’s Podcast Network

The Investor's Podcast Network

Business, Education, Investing

4.6592 Ratings

🗓️ 27 February 2023

⏱️ 64 minutes

🧾️ Download transcript

Summary

Patrick Donley and Matt Lasky do a deep dive on commercial real estate and what it takes to succeed in the business. Matt brings over a decade of experience in commercial real estate investing, leasing, finance, portfolio and asset management to his role as Managing Partner at Equity Velocity Funds. IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro 04:21 - Why Matt chose a career in commercial real estate instead of a more traditional finance path. 04:21 - What the first year was like in the commercial brokerage industry. 08:13 - How a younger person can add value to senior partners. 11:52 - How much a CRE broker can expect to make in their first few years in the business. 40:42 - Why he focuses on medical office buildings. 48:11 - What happened in one of his worst deals and how he dealt with it. 59:59 - How he would recommend someone scale a commercial brokerage business. 01:02:54 - What asset class he is not working in, but keeps thinking about. And much, much more! *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.   BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members. Robert’s book The Everything Guide to House Hacking. Rich Dad Poor Dad by Robert Kiyasaki. Richer, Wiser, Happier by William Green. Related Episode: Listen to REI010: Commercial Real Estate Investing w/ Ian Formigle, or watch the video. Related Episode: Listen to REI160: The Fundrise Approach w/ Ben Miller, or watch the video. NEW TO THE SHOW? Check out our Millennial Investing Starter Packs. Browse through all our episodes (complete with transcripts) here. Try Kyle’s favorite tool for picking stock winners and managing our portfolios: TIP Finance. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: Fiscal.AI Connect with Patrick (@jpatrickdonley): Twitter Connect with Matt: Website | Twitter   Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Transcript

Click on a timestamp to play from that location

0:00.0

You're listening to TIP.

0:02.1

If you're straight out of school, we say, hey, assume no dollars your first year.

0:06.3

Second year, things start to click and you start to catch your friends in their salary.

0:10.5

Third year, you're at their salary in a little bit or more.

0:13.4

And then fourth year, they're wondering, like, what they did wrong and what you did right.

0:17.5

And then kind of the sky's the limit.

0:22.5

Hey, everybody, in this week's episode, I got to sit down and talk with Matt Lasky about

0:26.8

his journey in the commercial real estate industry. We did a deep dive into what the early

0:30.8

years of being in the commercial brokerage business is like, how much a new broker can expect

0:35.0

to make over the course of a career, what it takes to succeed

0:38.0

in the business, why Matt focuses on medical office buildings, and other asset classes he thinks

0:43.0

have great potential. Matt brings over a decade of experience in commercial real estate investing,

0:48.3

leasing, finance, and portfolio and asset management to his role as managing partner at equity

0:53.5

velocity funds. His experience includes

0:55.9

over $1 billion in transaction volume in 42 states as a principal or advisor in health care and retail.

1:02.4

This was a really fun conversation for me as both Matt and I live in the same city and went to the

1:07.4

same university. If you've ever wanted to know more about what the commercial

1:10.8

real estate industry is like and how to succeed in it, you're definitely going to want to check out

1:14.6

this episode. And so, without further delay, let's jump into this week's episode with Matt Lasky.

1:24.6

You are listening to Real Estate 101 by the Investors Podcast Network, where your hosts, Robert

1:30.4

Leonard and Patrick Donnelly interview successful investors from various real estate investing

1:35.2

niches to help educate you on your real estate investing journey.

...

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