Personal funding doesn’t have to be the barrier that keeps us from becoming real estate investors. One alternate strategy is to tap into other people’s money, and we can only do that if we learn to be good stewards of investor capital.
Delivering for our investors has to be the most important thing, and at the top of our list of priorities in business. If we set up a win-win scenario for all parties involved, we will never run out of sources of capital and investment opportunities.
What are some of the ways we can build trust and credibility with investors? How can investors prepare for what’s coming in the market?
In this episode, I’m joined by real estate entrepreneur Devin Elder. He shares how he built his business from the ground up to over 2000 doors.
Watch the Full Episode:
If we create a win-win situation for our investors, our teams, ourselves and our end users, everyone will want to do more of it.
– Devin Elder
Three Things You’ll Learn In This Episode
Why we shouldn’t focus on the cost of capital, but on the opportunity
People get hung up on the cost of capital, but it’s not the cost of capital that we need to be focused on, it’s access to capital. If you don’t have access to capital, you’re not going to be able to get started. Consider the cost to your business of not doing the deal in the first place.
How to create massive trust and credibility
If we create trust and credibility with our investors, we create the opportunity to do more deals. One of the most powerful things Devin does is paying his investors a week early. The impact this simple action has on an investor’s psychology and trust level is something we can’t buy.
How to dial in one model so that it works for us
The mechanics of multifamily are pretty straight forward, and once the machine is running well, our focus needs to be scaling this winning formula. We often get tempted to get into other investing structures, but we should only do that when the first financial source is dialed in.
Guest Bio-
Bob Fraser is the CFO and founder of Aspen Funds. He is on a mission to help investors take advantage of one of the most effective and overlooked avenues of real estate investing: residential mortgage notes. As principal of Aspen Funds, Bob has purchased more than 1,000 mortgage notes earning double-digit annual returns without the risk and volatility of traditional investing options.
Bob has 20+ years’ experience as a finance and technology executive and is a Magna Cum Laude U.C. Berkeley computer scientist and a former Entrepreneur of the Year Award winner. Bob is responsible for financial management, portfolio modeling, as well as systems and processes, designing and deploying Aspen’s scalable state-of-the-art back-end platform.
For more information, visit https://aspenfunds.us.
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