Episode #169: Colm McEvilly – Investor Decision-Making Process
09/22/23 • 30 min
When it comes to investing in real estate, the decision-making process is of unparalleled importance. This is where you, as the investor, will ascertain whether to get involved in a project or look elsewhere for more viable options. To help us make sense of the decision-making process for investors, we are joined by real estate sponsor and developer, and our dear friend, Colm McEvilly. After coming from a background in mechanical engineering, Colm has since gone on to find his feet in real estate, helping multiple teams raise over $160 million in retail investor capital. In today’s episode, Colm walks us through the investor decision-making process, paying specific attention to the three biases around making decisions, how an investor gathers information, why an investor’s involvement in the decision-making process is key, and the four main categories you need to fully understand when vetting the quality of an investment. You can reach out to Colm via email with any questions or ideas that you may have, but for now, sit back, take notes, and enjoy!
Key Points From This Episode:
- A warm welcome to Colm McEvilly as he explains his background and current job role.
- Breaking down the investor decision-making process.
- Debunking results bias.
- How every decision you make is a bet – decision biases.
- Why it matters to know how investors receive information on prospective ventures.
- The third bias to be aware of: confirmation bias.
- Why you need to involve investors in the decision-making process.
- Vetting investment quality: sponsors, MSAs and asset class, the investment, and deal numbers.
- Costar reports, underwriting visibility, and other details to consider.
Links Mentioned in Today’s Episode:
Asset Management Mastery Facebook Group
When it comes to investing in real estate, the decision-making process is of unparalleled importance. This is where you, as the investor, will ascertain whether to get involved in a project or look elsewhere for more viable options. To help us make sense of the decision-making process for investors, we are joined by real estate sponsor and developer, and our dear friend, Colm McEvilly. After coming from a background in mechanical engineering, Colm has since gone on to find his feet in real estate, helping multiple teams raise over $160 million in retail investor capital. In today’s episode, Colm walks us through the investor decision-making process, paying specific attention to the three biases around making decisions, how an investor gathers information, why an investor’s involvement in the decision-making process is key, and the four main categories you need to fully understand when vetting the quality of an investment. You can reach out to Colm via email with any questions or ideas that you may have, but for now, sit back, take notes, and enjoy!
Key Points From This Episode:
- A warm welcome to Colm McEvilly as he explains his background and current job role.
- Breaking down the investor decision-making process.
- Debunking results bias.
- How every decision you make is a bet – decision biases.
- Why it matters to know how investors receive information on prospective ventures.
- The third bias to be aware of: confirmation bias.
- Why you need to involve investors in the decision-making process.
- Vetting investment quality: sponsors, MSAs and asset class, the investment, and deal numbers.
- Costar reports, underwriting visibility, and other details to consider.
Links Mentioned in Today’s Episode:
Asset Management Mastery Facebook Group
Previous Episode
Episode #168: Ryan Kennedy — Health is Wealth
Welcome to this special edition of the Real Estate Investor Podcast, where we bring you everything that happened in our recent Health is Wealth webinar with Ryan Kennedy. Ryan is a functional medicine practitioner, traditional naturopath, and board-certified clinical nutritionist who helps people improve their health through lifestyle and dietary changes. In Health is Wealth, Ryan breaks down everything you need to know to improve your mental clarity, maintain good energy levels, and keep your body functioning optimally throughout the entire day. He explains the importance of starting your day the right way and how to go about it, how you can feel like a million bucks without spending a penny, and how to stay active when your work requires you to be mostly seated, plus everything you need to know for an evening routine that leads to the perfect sleep. We also learn about the dangers of pharmaceuticals, the benefits of nootropics, how to use biofeedback properly, why getting proper sleep and taking care of your soul are two essentials for a long life, and more. You’ll want to take notes for this one!
Key Points From This Episode:
- Our recent webinar with Ryan Kennedy: Health is Wealth.
- The importance of mental clarity and good energy levels in high performance.
- Why you need to start each day the right way (and why it only takes 10 minutes to do so).
- Getting high on your own supply: sunlight, mineral water, mindfulness, and exercise.
- Everything you need to know about trigger sessions: how to stay active, even at a desk job.
- The real problem with pharmaceuticals and the benefits of nootropics.
- Trigger environments: how to set up your workspace for success.
- Forming habits and making these strategies part of your identity.
- What a healthy evening routine could entail.
- The ins and outs of sleep optimization.
- Some dangers to consider when taking hormones.
- How biofeedback helps but biohacking only works once you’ve built a solid foundation.
- More tips and tricks for getting the perfect sleep and some useful devices for recovery.
- The true secret to longevity: caring for your soul!
- Why daily gratitude matters.
Links Mentioned in Today’s Episode:
Asset Management Mastery Facebook Group
Next Episode
Episode #170: Christina Suter – Grit and Education
Just like anything else in life, real estate investing is filled with ups, downs, and many twists and turns. However, the real problem is when times of financial tribulation fill you with dread and feelings of inadequacy. But if you can push through those feelings and persevere through moments of doubt and financial downturns, then what awaits on the other side is a life of true financial freedom. We are thrilled to welcome Christina Suter to the show today as she explains why grit, education, and a steel mind are all you need for real estate investing success. Christina explains how her early education in finance gave her a leg up in real estate, how she steadies her mind and heart amidst failure and in times of distress, how to develop a mindset of grit and determination, and why she decided to launch her very own education platform. We also discuss the value of syndicators, why you should be prepared to purchase in the coming months, how highs and lows are inherent to the property game, and more tidbits of wisdom from the sensational Christina Suter!
Key Points From This Episode:
- Introducing real estate consultant extraordinaire, Christina Suter.
- Christina’s background, her early financial education, and what led her to real estate.
- A lesson in overcoming failure and stressful work situations.
- Why mindset matters and how to develop grit and determination.
- What drove her to launch an education platform.
- The value of syndicators.
- Christina’s summation of the possible future of the property market.
- Why you should always be ready for financial seesaws; how recessions are part of the game.
- Exploring why you should be prepared to purchase in the coming months.
Links Mentioned in Today’s Episode:
Real Estate Breakthrough Podcast
‘ITI - Discover Real Estate Success with Wes Hill!’
Asset Management Mastery Facebook Group
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