SPC090 - Fundamentals - Scaling up through raising money with Victor Menasce

2010 - Moved from Tech jobQuickly scaled up his business and ran out of moneyInfill = urban settinggreenfield = land upStarted with JVs by small residential projects and expanded to apartmentsIt's not about the deal... It's about the teamSomeone told him to focus on raising moneyFundraise or Deal OperatorMFH is resilient to cycles but most of the larger projects have too many offers on one property... You don't want to being the winning offerUse interest rate reserve as another line item in the budgetDemand for class A is not there for what is builtFind where the line is in a city and move the lineDon't as about a general city, ask about a few block radiusStudent housing - look at the local market for over built from university (look at bedroom alignments)Unclear about military housing near bases which is like having one employerTax abatements offered on government stimulus for possibly 10 yearsNon resident owner might not be eligible for FEMA assistanceSFH property has all your cash in the deal2008 wsa a banking crisis not a real estate crisisDoes not have paper assets because his old CEO lied to the public and realized that the small investor has no controlSign up for the email updates and investor goodies (spreadsheets, mindset hacks, and other files)https://simplepassivecashflow.activehosted.com/f/3Once you have gone through the majority of podcasts feel free to sign up for a chat - Also to get into my projects please setup a call because we need to have a pre-existing relationship.Setup a call here: https://calendly.com/simplepassivecashflow/20/ Hosted on Acast. See acast.com/privacy for more information.