Raising money is a different skillset from operating a real estate deal. This is why there are real estate investors who opt to bring in partners to fund their deals instead of raising the capital themselves. Marcus Phillips learned what should be prepared when raising money, alongside certain practical tips to scale their business via the commercial real estate route. We have an interesting conversation, a highlight of which is the importance of going through the process.
Indeed, there’s no substitute for experience when it comes to being great at what you want to do.
[00:01 - 03:24] Opening Segment
[03:25 - 13:42] Raising Capital in the Commercial Real Estate
[13:43 - 22:06] There’s No Substitute for Experience
[22:07 - 23:37] Closing Segment
Tweetable Quotes:
“[Commercial real estate] is more business-focused. It's more, marketing and sales are more important than in the residential side.” - Marcus Phillips
“There is no substitute for actually having experience as an operator of a development company.” - Jerome Myers
Resource mentioned
You can connect with Marcus by emailing marcus@noirinvest.com or get in touch with him on LinkedIn. Check out Noir Capital to learn more about their work.
Learn more about Myers Methods of Multifamily Investing: http://bit.ly/37u6oK3
Register for Myers Methods Multifamily Investing Course: https://bit.ly/37iozkB
Learn more about the Mid-Atlantic Multifamily Conference: https://bit.ly/2V7SlCC