Episode 61: Fundraising for Multi-Family With Bernie Leas
05/23/22 • 40 min
Would you be able to balance real estate deals and a W-2 job?
In this episode of The Real Estate Mindset Podcast, Bernie Leas and I chat about how he raised capital for his real estate deals, all while working a W-2 job. He also shares with us what important lessons he learned about fundraising and how you could avoid making the same mistakes he did.
Bernie also shares his favorite mindset tip, which is to always start with action. A lot of people want to make it into real estate, but never make it out of the education and planning phase. His advice to always start with action is what will make the difference between someone who is successful in real estate and someone who is not.
What we discuss:
0:05: About Bernie
04:52: How is the market like in Tennesse?
07:45: How did capital raising go for Bernie’s latest deals?
15:45: What did Bernie learn from fundraising?
21:46: How is Bernie balancing his different projects and income streams?
24:48: What is Bernie’s morning routine?
26:40: What books does Bernie recommend?
27:31: What’s something that Bernie has done and wouldn’t do again?
29:50: What’s Bernie’s best mindset tip?
35:32: What is Bernie’s definition of success?
36:24: Why does Bernie think he is successful?
To learn more about Bernie:
Website: www.elementalequityllc.com
Would you be able to balance real estate deals and a W-2 job?
In this episode of The Real Estate Mindset Podcast, Bernie Leas and I chat about how he raised capital for his real estate deals, all while working a W-2 job. He also shares with us what important lessons he learned about fundraising and how you could avoid making the same mistakes he did.
Bernie also shares his favorite mindset tip, which is to always start with action. A lot of people want to make it into real estate, but never make it out of the education and planning phase. His advice to always start with action is what will make the difference between someone who is successful in real estate and someone who is not.
What we discuss:
0:05: About Bernie
04:52: How is the market like in Tennesse?
07:45: How did capital raising go for Bernie’s latest deals?
15:45: What did Bernie learn from fundraising?
21:46: How is Bernie balancing his different projects and income streams?
24:48: What is Bernie’s morning routine?
26:40: What books does Bernie recommend?
27:31: What’s something that Bernie has done and wouldn’t do again?
29:50: What’s Bernie’s best mindset tip?
35:32: What is Bernie’s definition of success?
36:24: Why does Bernie think he is successful?
To learn more about Bernie:
Website: www.elementalequityllc.com
Previous Episode
Episode 60: Pros and Cons of Multi-Family Syndication with Nancy Huynh
Do you wonder if multi-family syndication is right for you?!
In this episode of The Real Estate Mindset podcast, Nancy Huynh and I chat about how her simple 401K strategy was not enough to build the wealth she needed in order to retire comfortably. But with her day job as a physician and her family taking up a lot of her time, she needed to find something that could provide her with passive income...
And that’s when she discovered multi-family syndication. Through her own experience, she learned what are some of the pros and cons of this real estate sector and shares those with us.
We also chat about the benefits of coaching and how it was imperative to her success. In her own experience, coaches may not do the work for you but they can help you process and change the beliefs you have that are in the way of you making it in your chosen field.
What we discuss:
00:17: About Nancy
04:00: How Nancy became a doctor
06:26: What are Nancy’s passive income portfolio look like?
08:13: What are the pros and cons of residential real estate vs multi-family syndication?
15:39: What is Nancy planning to do in the future?
19:22: What is Nancy’s morning routine?
22:45: What books does Nancy recommend?
25:31: What is Nancy’s experience with mentors and coaches?
27:44: What is something Nancy has done and wouldn’t do it again?
30:26: What is a mindset tip Nancy has?
32:45: What is Nancy’s definition of success?
33:37: Why does Nancy think she is successful?
34:58: What is Nancy’s goals in regards to the medical field?
To learn more about Nancy:
Website: clearvisioninvesting.com
Next Episode
Solo Episode: 4 Essential Mindset Tips No One Ever Told You with Eric Nelson
Does your calendar have blocks of time reserved for spontaneous activities?
In the first ever solo episode of The Real Estate Mindset podcast, Eric shares with all of us four essential mindset tips that he believes aren’t given out often enough in the real estate industry.
He also chats about what he learned through partnering with people, how routines can be spontaneous, what a gratitude practice can do for you, and what it REALLY means to add value.
What is discussed:
02:22: Why partnerships are key to growth?
04:26: Why you need to practice gratitude
06:05: What you need to know about routines
08:08: What does it really mean to “add value”?
To learn more about Eric:
Website: wildoakcaptial.com
Instagram: @wildoakcapital
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