In this episode, Shane reflects on the mistakes he has made in the past in real estate and highlights the challenges of constantly having to learn and adapt in different markets and verticals. He also talks about the importance of perseverance, focus, and saying no some opportunities in order to achieve success. He shares that his focus for the coming year is on multi-family and townhouses. 

[00:01 – 04:52] Mistakes in Real Estate Investing  

• The importance of understanding and learning from others before tackling multiple projects 

• It can be hard to replicate past success in real estate due to market changes 

• Perseverance, focus, and saying no to  some opportunities are important for success in real estate  

[04:53 – 10:24] The Focus for 2023 

• Focusing all efforts and energy in 2023 on multi-family and townhouses 

• Evaluating past performance to improve future investments in real estate 

• Focusing on areas that you want to achieve in the coming year 

You can follow me on Linkedin and Twitter. If you want to go even deeper into the world of commercial real estate, head over to Shane Melanson, a roadmap to investing in commercial real estate! Get my book Club Syndication - How The Wealthy Invest Their Money. 

LEAVE A REVIEW + help someone invest in commercial real estate with confidence by sharing this episode or clicking here to listen to our previous episodes. 

Follow The Investing Podcast on all Streaming platforms. Deezer, Apple Podcasts, Google Podcasts, Spotify, or visit our YouTube Channel. 

Tweetable Quote: 

“Perseverance, focus, and saying no to a lot of things are key to achieving success in real estate investing.” - Shane Melanson

In this episode, Shane shares his goals for 2023 of how he is focusing on one major business and one personal goal of buying 100 townhomes and how he is cutting time in coaching and focusing all his energy on his primary goals.

[00:01 - 13:07]  Lessons Learned for Entrepreneurs and Professionals 

• Aiming to provide strategies and methods for building wealth in commercial real estate
• Doubling down on building townhomes and staying away from other projects
• Focusing on one major business and one personal goal 
• Focus for 2023 having more fun scheduling and discipline with time and energy

[13:07 - 14:00] Closing Segment

If you are interested in my coaching and consulting program, please email me at  [email protected]. I want to make sure to cater to those interested, so please use the word “coaching” on the body or subject line.

You can also follow me on Linkedin and Twitter. If you want to go even deeper into the world of commercial real estate, head over to Shane Melanson, a roadmap to investing in commercial real estate! Get my book Club Syndication - How The Wealthy Invest Their Money.

LEAVE A REVIEW + help someone invest in commercial real estate with confidence by sharing this episode or clicking here to listen to our previous episodes.

Follow The Investing Podcast on all Streaming platforms. Deezer, Apple Podcasts, Google Podcasts, Spotify, or visit our YouTube Channel.

Tweetable Quote:

“Sometimes just having that one big goal is really important” - Shane Melanson

In this episode, Shane shares an excerpt from a mastermind call he had in which a member asked him about what he was doing at the time in terms of investing , how he was planning for the upcoming year, and what he anticipates the market to be doing. On the basis of the most recent data, he discusses his opinions and predictions for real estate in the coming year.

[00:01 - 09:11]  Investing Amidst Rising Interest Rates 

• Having several deals under development 
• Rising interest affects both cap rates and construction costs
• Variables that help developers justify bringing in new inventory
• Investing in residential and foreseeing demand for it in the future 
• Looking at opportunity costs to justify building into the new year

[09:12 - 10:08] Closing Segment

If you are interested in my coaching and consulting program, please email me at  [email protected]. I want to make sure to cater to those interested, so please use the word “coaching” on the body or subject line.

You can also follow me on Linkedin and Twitter. If you want to go even deeper into the world of commercial real estate, head over to Shane Melanson, a roadmap to investing in commercial real estate! Get my book Club Syndication - How The Wealthy Invest Their Money.

LEAVE A REVIEW + help someone invest in commercial real estate with confidence by sharing this episode or clicking here to listen to our previous episodes.

Follow The Investing Podcast on all Streaming platforms. Deezer, Apple Podcasts, Google Podcasts, Spotify, or visit our YouTube Channel.

Tweetable Quote:

“I think to myself, okay, I gotta be well capitalized and I gotta be very patient because I know what's gonna happen is people that don't have the same, staying power, they're gonna be forced to sell. And so that's where I think the opportunities are gonna start to come.” - Shane Melanson

In this episode, Shane talks about lessons he learned investing in Crypto, the fall of FTX and its effect in the market, and what the future of Crypto will look like for current and future investors.

[00:01 - 03:40] Diving into the Who and What is FTX

• FTX is a online bank that allows people to buy and sell crypto currencies
• The $8 billion loss of investors money
• The effects of this bankruptcy across multiple sectors

[03:41 - ] Journey of Investing in Crypto

• Being ignorant as to what crypto is before investing 
• Viewing it as very high risk investment
• Started with investing small
• Investing in crypto felt like gambling

[11:41 - 12:55] Closing Segment

If you are interested in my coaching and consulting program, please email me at  [email protected]. I want to make sure to cater to those interested, so please use the word “coaching” on the body or subject line.

You can also follow me on Linkedin and Twitter. If you want to go even deeper into the world of commercial real estate, head over to Shane Melanson, a roadmap to investing in commercial real estate! Get my book Club Syndication - How The Wealthy Invest Their Money.

LEAVE A REVIEW + help someone invest in commercial real estate with confidence by sharing this episode or clicking here to listen to our previous episodes.

Follow The Investing Podcast on all Streaming platforms. Deezer, Apple Podcasts, Google Podcasts, Spotify, or visit our YouTube Channel.

Tweetable Quote:

“Speculating is an opportunity where the investment outcomes are highly uncertain. It's simply a game of skill you're betting on. The value will rise, and essentially there's no income being generated.That's really what speculating is like. I wanna buy something. It's gonna go up in value. And to me, that's what Bitcoin really felt like.” - Shane Melanson

In this episode, Shane talks about a lesson he learned from an investing mistake and how he was so focused on the results and outcome and not on the details of the deal. He also shares his action plans to get the deal back on track and other tips so we as investors can avoid these mistakes and learn how to deal with them in the future.

[00:01 - 02:47] Dealing with Bad Decisions on a Deal

• Taking a step back and asking help to get a better insight on the situation
• Detaching from your emotions and focusing on the facts
• Pain plus reflection = progress

[02:48 - 11:40] Action Plans and Steps We Can Learn From

• Looking back at the paper trails of the deal to see what was missed out
• Going to the partners and investors about the problem and providing solutions
• Asking the right questions before diving into a deal 
• Don’t be to focused on the outcome 
• Ask for help

[11:41 - 12:55] Closing Segment

If you are interested in my coaching and consulting program, please email me at [email protected]. I want to make sure to cater to those interested, so please use the word “coaching” on the body or subject line.

You can also follow me on Linkedin and Twitter. If you want to go even deeper into the world of commercial real estate, head over to Shane Melanson, a roadmap to investing in commercial real estate! Get my book Club Syndication - How The Wealthy Invest Their Money.

LEAVE A REVIEW + help someone invest in commercial real estate with confidence by sharing this episode or clicking here to listen to our previous episodes.

Follow The Investing Podcast on all Streaming platforms. Deezer, Apple Podcasts, Google Podcasts, Spotify, or visit our YouTube Channel.

Tweetable Quote:

“Because I was too optimistic, I was constantly looking for a way to make this deal work, and I didn't ask the right question.” - Shane Melanson

Beau Beery has been in the commercial real estate business in Florida since 1999 after he decided in his early 20s that having a successful career as a personal trainer was less likely to help him achieve his life goals. Beau has a Bachelor’s degree in Marketing and a Master's in Real Estate from the University of Florida. He has also earned the Certified Commercial Investment Member (CCIM) designation in just a few short years working in commercial real estate. 

[00:01 - 11:25] Current Market Situation

• Beau shares about his current portfolio and deals 
• Interest rates may be affected by current elections
• Hiring someone who hasn’t learned the bad habits of the trade 
• Anticipating higher interest rates in the coming year

[11:26 - 17:10] What Goes On in a Typical Call

• Getting fined when you call someone on a “Do Not Call List”
• Register your business to the government and register for exemption
• Establishing rapport from the get go
• Prepare before every call  

[17:11 - 25:54] Looking at Rising Interest Rates

• Buyers have to pay higher equity 
• Most brokers don’t solve for cap rates but for cash on cash returns
• A lot of people prefer having 7-8% on their cash on cash

[25:55 - 32:05] Buying Trends for Buyers Now

• A lot of new buyers ask sellers if they do seller financing 
• There is a sudden spike in interest rates
• Investors should be cautious of their reputation

[32:05 - 42:32] Spike in Insurance Premiums

•  All properties are now considered postal
• Insurance premiums are rising in a very fast rate
• Liabilities on coverage on properties are skyrocketing
• Don't be a lazy buyer 

[42:33 - 43:43] Closing Segment

If you are interested in my coaching and consulting program, please email me at  [email protected]. I want to make sure to cater to those interested, so please use the word “coaching” on the body or subject line.

You can also follow me on Linkedin and Twitter. If you want to go even deeper into the world of commercial real estate, head over to Shane Melanson, a roadmap to investing in commercial real estate! Get my book Club Syndication - How The Wealthy Invest Their Money.

LEAVE A REVIEW + help someone invest in commercial real estate with confidence by sharing this episode or clicking here to listen to our previous episodes.

Follow The Investing Podcast on all Streaming platforms. Deezer, Apple Podcasts, Google Podcasts, Spotify, or visit our YouTube Channel.

Tweetable Quote:

“An investor going into this,should be very cautious of their own reputation going into contract on something and thinking they can retrain later on as if they didn't know this was coming.” - Beau Beery

In this episode, Shane shares some updates as to what he is investing in right now, what things he is up to at the moment as well as conversations he had investing wise.

[00:01 - 12:01] A Look Into The Market Now

• Shane is long time investor and has been is real estate for over 30 years 
• Winning big in the market by being the game for a long time 
• Guide as to how to look into real estate investing
• There are more sellers than there are buyers
• Growing interest rates 
• Not doing market deals
• Importance of being able to identify high value locations 
• The market is going to deteriorate 
• Now is the best time to invest in real estate

If you are interested in my coaching and consulting program, please email me at  [email protected]. I want to make sure to cater to those interested, so please use the word “coaching” on the body or subject line.

You can also follow me on Linkedin and Twitter. If you want to go even deeper into the world of commercial real estate, head over to Shane Melanson, a roadmap to investing in commercial real estate! Get my book Club Syndication - How The Wealthy Invest Their Money.

LEAVE A REVIEW + help someone invest in commercial real estate with confidence by sharing this episode or clicking here to listen to our previous episodes.

Follow The Investing Podcast on all Streaming platforms. Deezer, Apple Podcasts, Google Podcasts, Spotify, or visit our YouTube Channel.

Tweetable Quote:

“This is when the greatest opportunities come when there's tremendous uncertainty and very few buyers.” - Shane Melanson

In this episode, Shane shares about lessons learned from a book by Annie Duke and how she shares about how as spectators looking in we don’t see the significance of the decision making process involved but only see the outcome and whether we failed or succeeded. He also discusses the significance of having a decision-making framework, the importance of thinking in terms of probabilities, and understanding that there are risks that are just outside of our control

[00:01 - 13:15] Perspectives and Decision Making

• Shane shares about a podcast with Andrew Wilkinson and his controversial real estate statements
• Diving into the book Thinking In Bets by Annie Duke
• Distinguishing decision making from outcomes and results
• Asking the right questions revolving around:
• Understanding the investment
• Understanding the market and submarket
• Understanding the demand for it 
• Understanding the market competition
• Really understanding the deal before investing 
• Knowing there are many variables that may affect a deal and being prepared for those incase they happen

[13:16 - 14:11] Closing Segment

If you are interested in my coaching and consulting program, please email me at [email protected]. I want to make sure to cater to those interested, so please use the word “coaching” on the body or subject line.

You can also follow me on Linkedin and Twitter. If you want to go even deeper into the world of commercial real estate, head over to Shane Melanson, a roadmap to investing in commercial real estate! Get my book Club Syndication - How The Wealthy Invest Their Money.

LEAVE A REVIEW + help someone invest in commercial real estate with confidence by sharing this episode or clicking here to listen to our previous episodes.

Follow The Investing Podcast on all Streaming platforms. Deezer, Apple Podcasts, Google Podcasts, Spotify, or visit our YouTube Channel.

Tweetable Quote:

“ I think because of the way that there's so many variables going on in the world that we live in right now, there's going to be people that are very smart investors that just get caught and that's just reality. ” - Shane Melanson

Resources mentioned in this episode:

Thinking In Bets - Making Smarter Decisions When You Don't Have all the Facts by Annie Duke

How good are we at making decisions or judgement about things? In this episode, Shane talks about how our judgements affect us, he also shares wisdoms from Naval Ravikant when it comes to judgement as well as how sharing these philosophies can not only help us make better decisions in our lives but also in our investments.

[00:01 - 08:43] Concepts of Judgement

• Shane shares how a conversation with a friend led to them to talk about the risks in going to a deal
• Knowing the risks going into a deal helps you make better decisions
• Judgement as defined by Naval Ravikant 
• Wisdom is knowing long term consequence of actions
• Judgement is wisdom applied to external problems
• Understanding the investment philosophy of Warren Buffet

[08:44 - 16:57] Sharing Philosophies

• Getting feedback from people who have different views
• Connecting to people in the industry online to talk about business
• Have meaningful conversations with people in his online community
• Finding people you can trust with good judgement
• Seek people for your deal and invest in it 

[16:58 - 19:13] Closing Segment

If you are interested in my coaching and consulting program, please email me at  [email protected]. I want to make sure to cater to those interested, so please use the word “coaching” on the body or subject line.

You can also follow me on Linkedin and Twitter. If you want to go even deeper into the world of commercial real estate, head over to Shane Melanson, a roadmap to investing in commercial real estate! Get my book Club Syndication - How The Wealthy Invest Their Money.

LEAVE A REVIEW + help someone invest in commercial real estate with confidence by sharing this episode or clicking here to listen to our previous episodes.

Follow The Investing Podcast on all Streaming platforms. Deezer, Apple Podcasts, Google Podcasts, Spotify, or visit our YouTube Channel.

Tweetable Quote:

“ Judgment is the wisdom of knowing the long term consequences of those actions applied to external problems. So if you think about that, it's like being able to see into the future, ” - Shane Melanson

Resources mentioned in this episode:

Lessons from Naval Ravikant on Judgement

The Almanack of Naval Ravikant

What do we do when confronted by fear? Do we retreat or do we see an opportunity? In this episode, Shanes talks about turning our fears into our motivators to take action and how to see opportunities even in negative situations.

[00:01 - 12:16] Fear as a Motivating Factor

• Having a sense of responsibility and public fear when no action is taken
• Creating consequences for one's self 
• Getting comfortable with routine and have no sense motivation

[12:17 - 13:09] Closing Segment

If you are interested in my coaching and consulting program, please email me at  [email protected]. I want to make sure to cater to those interested, so please use the word “coaching” on the body or subject line.

You can also follow me on Linkedin and Twitter. If you want to go even deeper into the world of commercial real estate, head over to Shane Melanson, a roadmap to investing in commercial real estate! Get my book Club Syndication - How The Wealthy Invest Their Money.

LEAVE A REVIEW + help someone invest in commercial real estate with confidence by sharing this episode or clicking here to listen to our previous episodes.

Follow The Investing Podcast on all Streaming platforms. Deezer, Apple Podcasts, Google Podcasts, Spotify, or visit our YouTube Channel.

Tweetable Quote:

“Being self-aware and knowing what it is that drives you is extremely important, and just having that comfort to know that when I'm setting a goal and need to take that action, it may not be focusing on the things that I think are going to propel me into action.” - Shane Melanson