In this episode of Purpose-Driven Wealth, your host, Mo Bina, and Shane Melanson talk about how the rich invest in commercial real estate. Most outsiders don't understand commercial real estate. Shane cites this as a reason why most people don't hear...
In this episode of Purpose-Driven Wealth, your host, Mo Bina, and Shane Melanson talk about how the rich invest in commercial real estate. Most outsiders don't understand commercial real estate. Shane cites this as a reason why most people don't hear about it like residential. He shares how they find deals to work with, explains the pillars retail investors need to understand, and what he has observed about commercial investors in his years in the market.
In this episode, Shane talks about:
About Shane Melanson:
Like many Canadian real estate investors, Shane started looking for a way to replace his 6 figure income. He moved to Calgary, AB, at 17 and got his BA in Economics. Shane's first real estate investment was in 2004, a 1943 war-time house with no basement or central heat.
When he started his real estate career, he was young and had no family yet, so working long hours and weekends didn't bother him.
Eventually, Shane built a small portfolio of single-family properties and was flipping homes — he figured this was the way to invest in real estate: buy undervalued residential houses, fix them up, and either rent or sell them.
Today, Shane is not retired (I still actively invest) because he loves it. Each property he invests in has the potential to earn a high 6 and generally 7 figures. He controls his schedule and loves what he does.
Follow Shane Melanson on:
Club Syndication: How the Wealthy Raise Money and Invest in Commercial Real Estate, Book by Shane Melanson:
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For more information on passive investing in commercial real estate, please check out our free eBook — More Doors, More Profits — by clicking here: