Our guest is Melanie McDaniel, a real estate investor, capital raiser, and founder of Freestyle Capital Group. In this episode, we dive deep into gaining clarity on your investment journey. We talk about how to reach success fast, how to create a fund, and how to establish your mentors. Tune in and elevate your real estate journey to the next level.
Learn more about Melanie and her journey at reiclarity.com!
“The concept of trading your time for money versus owning a business and having your money making money was mind-blowing for me.”
Melanie was a park ranger for 9 years. In 2015, she read Rich Dad, Poor Dad and decided to move into real estate. She finished the Rich Dad, Poor Dad training program and became a real estate agent.
After 2 years, Melanie realized that her biggest passion was commercial real estate. She attended conferences, completed coaching programs, and focused on her education and eventually bought her first 24-unit.
Freedom of movement and freedom of time are very important for Melanie as she travels a lot. She can make these happen through commercial real estate.
“Clarity and staying in your lane are so important because if you try to do things that you don’t love or you’re not good at, you’re going to be miserable.”
Melanie shares her investment strategy. She’s mostly in the value-add multifamily space, but invests in other secure asset classes like warehouses or industrial.
Melanie’s strength is in capital raising, so she only focuses on that area of real estate. However, finding a good sponsor for her deals is crucial. She looks for experience, morals and values, and reputation in a sponsor. She finds her sponsors through referrals.
Staying in her lane of expertise and finding partners who have the skills she doesn’t have has been the foundation of her success. However, she suggests still being open-minded if you need to pivot.
Melanie is in the process of starting a real estate fund and transitioning into a fund manager role. Her fund will be a hybrid model between a blind fund and a single syndication.
“If you want to make a huge difference or you hit a plateau in your progress, then that’s the time to consider a mentor or a coach.”
At the end of the episode, Melanie picks action steps from the REI Clarity Framework that are the most valuable to her. These are “Establish Your Mentors” and “Grow Your Community”.
Melanie explains that even though real estate investors should educate themselves as much as possible, they should also look into working with a mentor or a coach. Mentors can help elevate your business to the next level. It’s also important to find a suitable mentor as you grow or change lanes in your career.
Mentioned in the show:
- Her LinkedIn
- The REI Clarity Framework
Learn how to grow your portfolio and reach incredible success the right way! Visit us here for everything you need to know: www.shineinsurance.com/reiclarity.
Special thanks to Melanie McDaniel for taking the time to share so many great insights with us
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