Welcome to another episode of The Investing Advantage Podcast. Today I’m going to be talking about something that I have not intended to talk about but ended up wanting to share with you because I believe that this is something that can be useful for your real estate journey. So I have been reading and I came across the concept that all returns in life, whether relationship, wealth, or knowledge, come from compound interest.
So sit back and relax because I’m going to share with you how this phrase, this idea, can be applied to commercial real estate. Let's jump in!
[00:01 - 03:43] Opening Segment
I share the topic for this episode Join the Investing Advantage Facebook group Check the links below Let’s talk about compound interest Understanding principles is more important than understanding more difficult concepts
[02:28 - 18:25] The Simple Principle of Compound Interest
Not seeing the impact of the compound interest immediately Skills can be learned in real estate How to use my signature framework Three different paths that a person can take when they get into commercial real estate Core Assets Value Add Development or Distressed Assets High demand for right location and right property Skill set depends on the level of the property Immediately getting into commercial real estate the barriers to entry are much higher Consequences are much higher Importance of understanding the game of investing Anticipating the debt of the property
[18:26 - 20:20] Closing Segment
If you are interested in my coaching and consulting program, please reach out to me through email at shane@shanemelanson.com or see below for my website link Final words
Tweetable Quotes:
“Generally speaking, you know, you can learn the skills to be able to invest in real estate, whether it's commercial residential, you can learn the skills to be in shape, you can learn the skills to eat healthy.” - Shane Melanson
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