My Biggest Challenge as an Investor and More (Office Hours)
Key Takeaways: Finding deals is not Tyler's biggest challenge as an investor - raising capital is. He has built a strong investor base through platforms like YouTube. Tyler emphasizes the importance of understanding the entire development process and learning from different trades, not just focusing on your own specialty. Financing, especially from banks, is a major challenge in commercial real estate. Tyler works with a few reliable lenders to make the process easier. Launching a podcast can be an effective way to build an investor base by developing long-term relationships with listeners. Tyler advises against letting a quick close compromise the due diligence process - it's crucial to still conduct proper inspections and evaluations. Networking through industry associations like CCIM, SIOR, and ULI can help connect new investors with others in the commercial real estate space. Tyler's investment strategy aims for a 2x equity multiple over 5 years, prioritizing long-term value creation over immediate cash flow. While Tyler has limited experience with campgrounds, he sees them as an interesting investment opportunity that requires understanding the specific market dynamics.
From "The Commercial Real Estate Investor Podcast"
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