Strategies are important in making a deal succeed in real estate. There are many strategies available for you to choose from so you can make sure that you will profit at the end of the day. In today’s episode, we take a look at the “Buy On The Line, Then Move The Line” strategy with developer Victor Menasce.
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Victor details how this strategy can secure profitability and security in your deals. Victor also talks about why doing a deal too small is often a problem. He also tells us how your team is important in making sure that your real estate business or syndication will work. Tune in as we pick the brain of a successful developer, author, and podcast host, Victor Menasce!
Key Points From This Episode:
- Victor talks about his focus on the real estate syndication business.
- Victor gives tips on how to adapt to changing market conditions.
- How to get out of the auction environment?
- Victor discusses the creativity behind being a developer and the thought process of making deals.
- Victors details the “buy on the line then move the line strategy.”
- Victor shares the timeline of moving the line.
- Does buy-on-the-line work only on development-specific or existing properties?
- Victor’s focus as far as development or existing product.
- Victor’s advice to those who are transitioning to be a developer.
- Victor shares how he prepares for a downturn and his non-negotiable things when doing deals.
- The kind of businesses Victor is focusing on buying.
- Victor’s prediction of the real estate market in six to 12 months.
- The daily habits that helped Victor achieved success.
- Victor shares his best source for meeting investors.
“The distinction I make is what the difference between finding deals versus creating deals is.” [0:04:03]
“The key is to get people in your team that have experience.” [0:13:35]
“One of the biggest mistakes that I see rookies make is by trying to start too small. Because when things are too small, you don’t have the revenue, you don’t have the profit to afford all of the skills that you need to fully build out a team with all the skills.” [0:15:00]
“So my definition of a business, as opposed to someone who simply purchased a job, is one where you can remove the owner and it continues to run itself.” [0:19:44]
Links Mentioned in Today’s Episode:
About Victor Menasce
Victor Menasce is a developer based in Ottawa Canada. He has developed projects across multiple markets in the US and Canada. He’s the host of the daily Real Estate Espresso Podcast and the author of the book “Magnetic Capital: Raise All the Money You Need for Any Worthy Venture”. He’s a frequent guest and speaker on capital management and investing.
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