What Should I Be Thinking About Before My Raise? - Marcus Phillips

Multifamily Missteps Hosted by Christy Keeton

Raising money is a different skillset from operating a real estate deal. This is why there are real estate investors who opt to bring in partners to fund their deals instead of raising the capital themselves. Marcus Phillips learned what should be prepared when raising money, alongside certain practical tips to scale their business via the commercial real estate route. We have an interesting conversation, a highlight of which is the importance of going through the process.

Indeed, there’s no substitute for experience when it comes to being great at what you want to do.

[00:01 - 03:24] Opening Segment

• I welcome today’s guest, Marcus Phillips
• He shares his journey to real estate investing

[03:25 - 13:42] Raising Capital in the Commercial Real Estate

• Best practices in raising capital
• Why you need 10x as many people who know, like, and trust you
• Which is more focused on the business, commercial or residential?
  • Marcus shares his takeaway

[13:43 - 22:06] There’s No Substitute for Experience

• Marcus talks about certain objections you might also have!
• The power of doing a follow up in real estate investing
  • Marcus shares his experience
• Find out if you can apply your engineering background to real estate

[22:07 - 23:37] Closing Segment

• Find Marcus at the links below
• Final words

Tweetable Quotes:

“[Commercial real estate] is more business-focused. It's more, marketing and sales are more important than in the residential side.” - Marcus Phillips

“There is no substitute for actually having experience as an operator of a development company.” - Jerome Myers

Resource mentioned

• Alvin Hope Johnson

You can connect with Marcus by emailing [email protected] or get in touch with him on LinkedIn. Check out Noir Capital to learn more about their work.

Learn more about Myers Methods of Multifamily Investing: http://bit.ly/37u6oK3

Register for Myers Methods Multifamily Investing Course: https://bit.ly/37iozkB

Learn more about the Mid-Atlantic Multifamily Conference: https://bit.ly/2V7SlCC

Support the show

Are you feeling overwhelmed with Multifamily deal analysis? Are you uncertain about the right investment? Christy is an expert underwriter and mentor and wants help you on your journey! Visit her website at www.ChristyKeeton.com to book a discovery call now.