WS1867 Growing From 1 Full Time Employee to 10 in One Year | David Lilley

In this episode  Whitney Sewell sits down with David Lilley, the founder and CEO of REAP Capital. With a portfolio of over 785 units and assets valued at over 100 million, David shares his expertise on real estate syndication and how he scaled his business. As a military veteran and former firefighter, David's unique background adds depth to the conversation.One of the key topics discussed is the decision to sell a project in the current market. David explains that while their average internal rate of return (IRR) is over 40% for their exits, the particular project they are selling will have a lower IRR of around 10-12%. However, David emphasizes that in the current market, making any profit within two years of ownership is a significant win. He believes in hedging risk and taking advantage of opportunities when they arise.Throughout the episode, David shares valuable insights for both active and passive investors. He highlights the importance of evaluating the sponsor and building trust before investing. David also discusses the challenges of hiring, particularly in the property management sector. He emphasizes the need to find individuals with the right character and work ethic, even if they may lack experience.This episode offers valuable insights into real estate syndication, scaling a business, and making strategic decisions in the current market. Whether you're an active investor looking to grow your portfolio or a passive investor seeking opportunities, this episode provides valuable information to help you navigate the world of real estate syndication.If you want to learn more about David Lilley  and connect with him on LinkedIn, visit his website at reapcap.com. You can schedule a call with him or fill out the contact form. Don't miss out on the opportunity to connect with David and explore potential real estate opportunities.After 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/