282. My Biggest Challenge as an Investor and More (Office Hours)
NOV 20, 202436 MIN
282. My Biggest Challenge as an Investor and More (Office Hours)
NOV 20, 202436 MIN
Description
<p>Key Takeaways:</p><p>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.</p><p>Tyler emphasizes the importance of understanding the entire development process and learning from different trades, not just focusing on your own specialty.</p><p>Financing, especially from banks, is a major challenge in commercial real estate. Tyler works with a few reliable lenders to make the process easier.</p><p>Launching a podcast can be an effective way to build an investor base by developing long-term relationships with listeners.</p><p>Tyler advises against letting a quick close compromise the due diligence process - it's crucial to still conduct proper inspections and evaluations.</p><p>Networking through industry associations like CCIM, SIOR, and ULI can help connect new investors with others in the commercial real estate space.</p><p>Tyler's investment strategy aims for a 2x equity multiple over 5 years, prioritizing long-term value creation over immediate cash flow.</p><p>While Tyler has limited experience with campgrounds, he sees them as an interesting investment opportunity that requires understanding the specific market dynamics.</p>
