WS1475: How To Do A Deal Without Using Your Own Money | Michael Gilman

A real estate deal can involve millions of dollars. That’s why for many, syndication is the key to start investing in real estate. But, did you know that there’s actually a way for you to do a deal without using your own money? Our guest today, real estate entrepreneur Michael Gilman answered this question and more.Michael kicks off by sharing his background as a lawyer and how he transitioned to become a full-time real estate entrepreneur. He also talks about the reason why he chose to invest in real estate to grow wealth, how he derives his income from assets, and why he started buying cash flowing properties. He then discusses the pros and cons of having your own management company, why they chose to start their own management company from scratch, and ultimately, he gives tips on how to do a deal without using your own money. Listen now and enjoy the show!Key Points From This Episode: Michael shares how he transitioned from being a lawyer to a full-time real estate entrepreneur.Where does Micahel currently invest in?Michael shares that in smaller markets, it’s hard to get larger deals.The pros and cons of having your own management company.Michael elaborates on ways you can start a deal without using your own money.Relationships are key in doing a deal without using your own money.Doing a deal without your own money is a high-risk strategy.How did Michael minimize the risks with this strategy?How does Michael raise capital now for bigger deals?Michael shares that when the pandemic hit, he saw it as an opportunity to pool capitals for his deals.Michael says changing focus to professional investors made a lot of difference for him and the way his business grew.Michael’s best source for meeting new investors right now.The most important metrics that Michael tracks.Tweetables:“The most common way is first you need a cashAfter interviewing thousands of entrepreneurs, one truth is clear: business success means little if it costs your marriage, family, or faith.I'm now hosting the Courageous Men podcast for men who want to lead well at home and at work. I'm looking for five men to walk closely with who want to lead well at home and work.  Email me at [email protected] and tell me why you should be one of the five. whitneysewell.com  VISIT OUR WEBSITEhttps://lifebridgecapital.com/Here are ways you can work with us here at Life Bridge Capital:⚡️START INVESTING TODAY: If you think that real estate syndication may be right for you, contact us today to learn more about our current investment opportunities: https://lifebridgecapital.com/investwithlbc⚡️Watch on YouTube: https://www.youtube.com/@TheRealEstateSyndicationShow📝 JOIN THE DISCUSSIONhttps://www.facebook.com/groups/realestatesyndication➡️ FOLLOW UShttps://twitter.com/whitney_sewell https://www.instagram.com/whitneysewell/ https://www.linkedin.com/in/whitney-sewell/ ⭐ Be Our Guest!We are continuously working hard to help our listeners with their journey to real estate syndication. If you think you can add value in any way to our listeners who are in commercial real estate, then we’d love to have you over. Apply here: https://lifebridgecapital.com/join-our-podcast/