#150 with Wesley Yates: Scaling to 860 Units & 78 Million Through Syndication Partnerships
Millennial Millionaire Real Estate Podcast
English - January 07, 2021 18:46 - 51 minutes - 94 MB - ★★★★★ - 56 ratingsInvesting Business Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
In this episode, Jonathan Farber interviews Wesley Yates on his journey from stumbling into real estate through his wife to building a nascent syndication business after establishing himself in the real estate world. Wesley is a syndicator and hospitality analyst based in Dallas, Texas. In this episode, we dig into topics like: getting educated on real estate, starting off big in real estate, understanding syndication financial perspective, and more!
Top Takeaways:
Getting your real estate education - 13:45 - 15:45
Courses can be a valuable source of knowledge, but do your research first
You’re going to pay for your knowledge somehow, it’s up to you to decide how
If you do fail make the best of it and learn everything you can from that experience
Taking a running start into high dollar real estate - 16:45 - 20:30
If you have an in, or a networking contact, get as much as you can out of those connections
Even if you aren’t experienced, step up and do everything you can to seize opportunity
No matter how good it looks, things can always fall through, so see it to the end
The syndication financial breakdown - 37:45 - 42:30
Even though the dollar signs on syndication can be big, real estate has no get rich quick plans
When someone is describing their holdings, note the ownership percentage and the partner type
You should be shaping your portfolio to match your long term real estate goals
How to bring value to Wesley Yates:
Check out VFR Capital
Social Links:
facebook.com/VFRCapitalInvestments
linkedin.com/company/vfr-capital-investments
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