Having a full-time job while running a successful real estate portfolio is not easy. In fact, for many people, it’s one or the other. But today’s guest, Shiloh Lundahl, manages to pursue his fulfilling job alongside an ever-growing real estate investment portfolio. Shiloh’s introduction to real estate was an interesting one. He needed a way to earn extra money to attend further therapist training.
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Soon, he discovered that he enjoyed investing in real estate and realized the myriad of possibilities it offered him. In this episode, we learn how Shiloh went from flipping houses to the current lease-options he uses in his portfolio. Although he has not done any conventional, large syndications, he has raised money using a unique model that he further elaborates on. Through training, private money and refinancing into portfolio loans, Shiloh has seen his portfolio grow tremendously. Shiloh also walks us through how he has overcome some of the inevitable growing pains of scaling, the benefits of hiring an assistant, and his future plans. Shiloh’s story is one that many of us can relate to, so be sure to tune in today.
Key Points From This Episode:
- How Shiloh’s desire to become a better therapist ultimately led him to real estate investing.
- The two key pieces of advice Shiloh and his wife learned from their real estate coach.
- Why it is important to find out whether a syndicator is good with their personal finances.
- Shiloh’s approach to securing investors using teaching and second position notes.
- The difference between conventional syndication and private money lending on a deal.
- How Shiloh’s investor finding model has evolved over time.
- Shiloh’s top tip for raising private money: be successful and people will have faith in you!
- The similarities between growing as an investor and the different stages of human growth.
- Discover how Shiloh found his assistant and what he has learned from having this help.
- The secondary market Shiloh is investing in and how he has applied his model to it.
- Why Shiloh has decided to sell a quarter of his real estate business.
- Learn how being a high school wrestler has been a great contributor to Shiloh’s success.
[bctt tweet=”Before you raise other people’s money, make sure that you, with your own finances, are really good, that you know how to budget, that you know how to stay within that budget. — Shiloh Lundahl” username=”whitney_sewell”]
Links Mentioned in Today’s Episode:
About Shiloh Lundahl
Shiloh Lundahl is a Child and Family Therapist in Mesa, Arizona. He is also a real estate investor and has accumulated over 85 properties over the past few years. These properties include a commercial building, a mobile home park, 45 single-family residences, and a few multi-family properties. Although Shiloh has not created a large syndication, he has raised over a million dollars of private money loans from over 40 private money lenders to build his portfolio. Shiloh also runs a monthly real estate meetup group in Mesa where he teaches and coaches other investors how to maximize returns on single-family homes, while minimizing the amount work that goes into managing the properties through utilizing the lease option strategy.
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