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Ep 515: Money and Relationships
In this episode, host Daniel Martinez interviews guest Joe Evangelisti, focusing on the importance of strategic partnerships in business, particularly in real estate investment. Joe emphasizes that not all capital is equal and shares his belief that money should bring more than just financial value; it should also come with strategic benefits like advice, connections, and hands-on support. He recounts his personal experiences where paying a higher price for capital early in his career proved beneficial by providing him access to mentorship and opportunities that facilitated his growth. The discussion highlights the crucial lesson that building strategic relationships can significantly outweigh the initial cost of capital in long-term business success.
Strategic Value of Capital (0:17-0:35): Joe Evangelisti discusses the lesson that not all capital is beneficial unless it brings additional value such as strategic insight, which is more important than the monetary amount itself.
The Importance of Experience in Lenders (2:01-3:00): Joe shares a story about his first real estate deal, emphasizing how his lender not only provided funds but also crucial advice and connections that helped him succeed.
Learning from Early High Costs (6:56-7:02): Joe advises new investors to accept higher costs in their initial deals as a trade-off for gaining valuable experience and establishing important relationships in the industry.
Long-term Benefits of Strategic Partnerships (8:17-8:28): He concludes by highlighting how early partnerships and the willingness to overpay for capital can lead to substantial long-term benefits, including increased access to funds and growth opportunities.
www.nytfire.com
Text 📱 210-972-1842
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By Daniel Esteban Martinez
4.9
4343 ratings
In this episode, host Daniel Martinez interviews guest Joe Evangelisti, focusing on the importance of strategic partnerships in business, particularly in real estate investment. Joe emphasizes that not all capital is equal and shares his belief that money should bring more than just financial value; it should also come with strategic benefits like advice, connections, and hands-on support. He recounts his personal experiences where paying a higher price for capital early in his career proved beneficial by providing him access to mentorship and opportunities that facilitated his growth. The discussion highlights the crucial lesson that building strategic relationships can significantly outweigh the initial cost of capital in long-term business success.
Strategic Value of Capital (0:17-0:35): Joe Evangelisti discusses the lesson that not all capital is beneficial unless it brings additional value such as strategic insight, which is more important than the monetary amount itself.
The Importance of Experience in Lenders (2:01-3:00): Joe shares a story about his first real estate deal, emphasizing how his lender not only provided funds but also crucial advice and connections that helped him succeed.
Learning from Early High Costs (6:56-7:02): Joe advises new investors to accept higher costs in their initial deals as a trade-off for gaining valuable experience and establishing important relationships in the industry.
Long-term Benefits of Strategic Partnerships (8:17-8:28): He concludes by highlighting how early partnerships and the willingness to overpay for capital can lead to substantial long-term benefits, including increased access to funds and growth opportunities.
www.nytfire.com
Text 📱 210-972-1842