#159 with Anthony Metzger: Building Long Term Wealth and Finding a Top Mentor Without Having to Pay Anything
Millennial Millionaire Real Estate Podcast
English - January 20, 2021 18:40 - 44 minutes - 82.4 MB - ★★★★★ - 56 ratingsInvesting Business Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
In this episode, Jonathan Farber interviews Anthony Metzger on his road from choosing real estate as a way to build long term wealth to joining a major syndication team. Anthony is a savvy multifamily investor based in Saint Paul, Minnesota. In this episode, we break down topics like: choosing your level of education, how to find a syndication deal, the financial split between syndication managers, and more!
Top Takeaways:
Deciding what level of education you need - 9:45 - 12:00
Coaching programs are one of the most reliable methods of learning, but they’re expensive
It never hurts to use as many free resources as you can, like podcasts and videos
Networking is a huge benefit but it can seem scary if you feel inexperienced - go anyway
Finding a deal to use in a syndication - 16:30 - 20:30
Start by analyzing any property you can find - even Loopnet can get you practice
Add yourself to national broker buyer lists with your criteria
The more deals you’ve analyzed the better you’ll be able to process any deals you see
How a syndication split is among the contributors - 32:45 - 33:45
Different groups will have different ways they split between general partners
The acquisition manager, capital source, marketer, guarantor, asset manager, all get paid
The organizer of the system will also sometimes take for creating the opportunity
Resources:
The Lifetime Cash Flow Podcast with Rod Khleif
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