After landing deals and making money for your investors, you end up building a strong base of people who trust your financial decision-making. Today we speak with real estate financier Aaron Wolko about how you can use this base to begin investing in other asset classes and industries. We open our conversation by chatting about Aaron’s extensive background in global finance. Reflecting on the state of the economy, we ask Aaron to share his insights into industry trends.
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His answers highlight the need to have equity to secure financing and why you shouldn’t be investing in hospitality. We discuss why now is one the best times to get into real estate and why Aaron’s clients are either developing properties or aggressively pursuing deals. After sharing his take on what the lending rates might look like in the future, we dive into the benefits of exploring alternative investing avenues. From a company perspective, Aaron talks about how building a team of experts allows you to cater to a broader scope of financial needs. Near the end of the episode, we touch on what you can do to prepare for a downturn, using LinkedIn to get in front of high net worth investors, and what Aaron does to give back. Tune in for more on the current financing environment and why you should consider expanding your investing expertise.
Key Points From This Episode:
- Introducing Aaron Wolko, real estate financier with extensive global market experience.
- Concerns around the hospitality industry and why equity is needed to secure financing.
- How we’re seeing some of the “cheapest money in a lifetime.”
- Why the current market is more welcoming to new investors than ever before.
- Hear Aaron’s six to 12-month prediction on how rates will change.
- Being active in the market versus waiting for economic stabilization.
- The benefits of exploring alternative investing avenues.
- Leveraging your current investor base to strike deals in other industries.
- Building a team of experts so that you cover a broader scope of financial needs.
- Aaron shares the hardest part of his real estate journey so far.
- Why you should go with a reputable firm when financing your deal.
- Aaron’s wild advice; “take some of your income and short the market.”
- Using LinkedIn to get in front of high net worth investors.
[bctt tweet=”Nowadays, you don’t need deep pockets to get into real estate. Your rent roll pays your interest and then some, and you can build up an empire if you get started today. — Aaron Wolko” username=”whitney_sewell”]
Links Mentioned in Today’s Episode:
About Aaron Wolko
Aaron Wolko has been operational in global capital markets for over 15 years — establishing his finance career at Credit Suisse in 2008. He accepted a position as a portfolio manager at a NY based hedge fund that managed to return 20X on select deals during the early green rush. Around that time he found himself involved in the first Cannabis IPO in Australia who, in 2016 signed a 10 for 10 stock swap with Canopy under a joint venture agreement. As Canopy skyrocketed to become the largest publicly traded cannabis company in history, this Australian company blew up to a $600M market cap adding to another impressive early call by the expert deal maker.
He’s since consulted for other public companies. Most recently the first in the digital assets sector to trade on the stock market, that hit a $13,000,000,000 market cap in 2017. He managed mergers and acquisitions from a 100 million dollar balance sheet while in that position and liaised with federal and state congressmen, former White House administration officials, and World Bank leaders. After jumping into commercial real estate financing in 2019, and successfully funding some tough deals, he was hand-picked by Ira Zlotowitz, president of Eastern Union Funding, to be a key member of the multi-family group. In that capacity, he has already originated over $1,000,000,000 in real estate deals and tied up some tough transactions. Maintaining consulting contracts with various Venture Capital firms, he has facilitated investments in some of the most successful Decacorns of the decade, most notably Robinhood and SpaceX.
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