Investment Avenues for Veterans with Phil Capron Episode #169

Real Estate Experiment

English - January 31, 2022 10:45 - 45 minutes - 42.2 MB - ★★★★★ - 51 ratings
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Previous Episode: The Power of an Investor Mindset with Steven Pesavento Episode #168

Next Episode: Dirt Rich: Turning Land Into a Profitable Remote Business with Mark Podolsky Episode #170

GUEST SUMMARY

This week Phil Capron joins us in the lab as a navy veteran, Founder of Mission First Capital — which provides investment opportunities for veterans. As the author of "Your VA Loan: and How It Can Make You a Millionaire", Phil not only talks the talk, but he walks the walk having been in the same shoes as a veteran's face today. He purchased his first home in 2010 using a VA loan while on active duty.

Phil Capron, served as a Naval Special Warfare Combatant Craft Crewman. Upon getting out of the military, He got his start in the real estate business by flipping properties in coastal Virginia, helping many of his veteran peers as a real estate agent. Upon transitioning out of the military and elevating in his real estate ventures getting into apartment syndication, Phil quickly realized that there was a limit in the amount of veterans he could include in his deals for the simple fact that they couldn’t afford the traditional investments in the range of 50K as a barrier of entry. It became very clear that he couldn’t include his veteran military brothers and sisters due to regulations surrounding net worth or income.

Phil then decided he was going to level the playing field and fix that. Mission First Capital was born. At Mission First Capital, Phil makes it feasible for investors to invest as little as $5,000 which allows him to serve & educate his military community on the advantages and power of being able to invest in real estate assets collectively.

10 years and over 500 apartment units later, Phil's focus is expanding real estate opportunities for military members and veterans. His next mission is to create 1000 veteran-owned small businesses in the next 10 years

Ten years and counting in the real estate game, Phil is a true veteran of experimenting, as he experimented a proof of concept and is bringing it back to his community to build on. If you're a veteran or anyone else who feels that some barriers of entry exist, Phil joins us in the lab to help you break through those beliefs and give you real life solutions to overcome them.

HIGHLIGHTS OF THE EPISODE:

05:50 - Guest background

08:38 - Definition of Veteran

13:02 - How Mission First Capital created

KEEPING IT REAL:

17:56 - How to know if it’s a bad advice

20:54 - Measuring a good investment

22:29 - Syndication

27:49 - Goal for Mission First Capital

30:48 - What should be the best Call to Action

32:45 - Biggest misconception

33:27 - Best Advice Received