Many investors dream of making the leap from residential to commercial real estate, but feel they lack the resources to take action. In this Facebook Live Ask-Me-Anything with Ken Van Liew, we delve into his experience with all types of real estate investing and what it takes to succeed.
Ken is an author, an educator, an engineer and one of Manhattan’s most successful real estate experts. He has overseen investment finance and the development phases of numerous high-profile commercial investments, totaling more than $1.2 billion in capital investment. He has a proven track record of successfully handling every aspect of residential, commercial and retail projects.
Ken has recently had a number one international bestseller with his new book Modern Wealth Building Formula, How to Master Real Estate Investing. He has shared his wisdom with students of his real estate investment academy and created the modern wealth building formula as the fastest track to building wealth and real estate.
During our Facebook Live Ask-Me-Anything with Ken, we discussed:
- Secrets for finding funding for all types of investments
- Advice for sourcing deals
- How to overcome doubts and gain the mindset to take action
If you missed our session with Ken, you can view the Facebook Live post here or play the video below:
Summary of our real estate investing discussion
Below, we’ve included the main questions we asked Ken during our conversation so that you can skip to the parts you’re most interested in learning about…
5:30 About Ken’s Background
8:50 How did you get started in real estate?
10:40 Did you start with commercial real estate or residential?
12:25 What was your first real estate project?
14:00 Tell us about your current residential and commercial investments.
15:30 Tell us about the Modern Wealth Building Formula.
16:50 What is your approach to choosing new investments? Do you explore all types of opportunities, regardless of the investment type?
19:15 When someone is transitioning from residential to commercial real estate, what is the biggest misconception about doing commercial deals?
28:30 How do you overcome that voice of doubt in your head when you’re going for new types of deals?
33:25 You mentioned focus and having the right mindset, how does that play into your daily routine?
36:09 How do you define success and how has that changed over your career?
41:55 Where’s the best place to start? Is it wholesaling? Is it flipping? Is it going straight to commercial?
46:30 Can you tell us a little bit about your strategy for tapping into funding whether it’s a residential deal or a commercial deal?
54:00 With the relationships that you cultivate, especially with lenders, how do you maintain them and make sure they stay healthy?
55:10 How do you meet lenders and other people that help with your investing?
58:10 When borrowing money, what kind of interest rate are you offering?
01:00:00 In your opinion, should you work to pay off properties quickly or do you leverage your equity for purchasing additional properties?
01:02:40 How are you sourcing deals these days? Are you mostly building new projects? Are you focused on particular markets or do you only invest locally?
01:06:45 How is the commercial market different today from when you first started investing in it?
01:10:20 Within the broad universe of commercial, is there something that is really your passion or a type of project that you get really excited about?
01:11:10 Looking back 25 years ago when you were getting started, what advice would you have for your younger self to avoid some of the biggest mistakes that you’ve made?
Learn more about Ken’s bestselling book and real estate investing program “Modern Wealth Building Formula” at kenvanliew.com