By most people’s definitions, Michael Migliaccio has had a successful career. He has over 22 years of experience in law enforcement and having worked for the NYPD, the DEA, and the FBI, while owning a business. As someone who is always striving to reach greater heights, Michael was searching for a greater path to success. He found his answer in real estate syndication. In today’s episode, our conversation with Michael focuses on how he raised capital and made his first deals all while working a full-time job.
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Gene Trowbridge and Jonathan Nieh, founding partners of the top syndication firm Trowbridge Law Group LLP have a legal team with over 50 years of combined experience in real estate syndication and the practice of real estate securities law. Over this time Gene and his partners, in several past firms and currently, have helped clients raise close to $5.0 billion dollars in offerings by empowering entrepreneurs to raise capital legally. To learn more about Trowbridge Law Group LLP, visit our website at www.trowbridgelawgroup.com or follow us on Facebook, Instagram, or Twitter.
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We chat about Michael’s entrepreneurial spirit, reflected in his story of selling Bubble Yum in school, and then later co-founding Dual City Investments, his syndication company. Michael talks about his first deals which he made with friends and family and how these helped him to establish a credible track record while building his experience. We discuss the short-term losses of getting into investing but how the long-term gains make it more than worthwhile. Michael shares his tips on raising capital and how his group approaches investors with the goal that they won’t lose a single penny when signing a deal with them. Near the end of the episode, we ask Michael about the difficult parts of syndication and what has most contributed to his success. Tune in to hear more of Michael’s insights and to learn about his transition into real estate investing.
Key Points From This Episode:
- Michael’s story; from working in law enforcement to co-founding an investment company.
- How Michael sees success as being someone who is always striving for more.
- Recognizing and then learning from your missed opportunities.
- What Michael learned from his first real deals and how it led to a business restructuring.
- The hurdles to raising capital as a new investor and the importance of networking.
- How Michael developed a successful track record while building up investment experience.
- How Michael built up his real estate business despite having a full-time job.
- The short-term losses from starting in real estate versus the long-term gains.
- Michael’s tips for raising capital; it starts with building on your successes.
- The most difficult part of syndication from Michael’s perspective.
- Why focusing on too many targets will ensure that you don’t hit anything.
- Hear the ways in which Michael has most recently improved his business.
- How having solid partnerships is the number one factor that led to Michael’s success.
[bctt tweet=”When starting out, the thing that really suffers in the short-term is family life. So, I am married with kids and dogs, the whole thing. But it is a short-term sacrifice for a long-term gain. — Michael Migliaccio” username=”whitney_sewell”]
Links Mentioned in Today’s Episode:
About Michael Migliaccio
Michael has an accounting degree from Adelphi University and has spent the last 22+ years working for the Department of Justice. Shortly after working together in law enforcement, Michael and Keith co-authored Missed Ops, a book about learning from other people’s experiences. One of Michael’s missed opportunities was not purchasing real estate in the late 80s. Michael pitched the idea of investing in real estate to Keith in late 201 and shortly after, Dual City Investments was born. Michael has operational input and provides a channel between the management team and investors, giving feedback from investors so that Dual City can pivot to investor needs. He handles investor inquiries and provides company information to the market and builds effective relationships with investors with the desire to grow wealth in real estate.
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