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Book details
  • Genre:BUSINESS & ECONOMICS
  • SubGenre:Investments & Securities / Real Estate
  • Language:English
  • Series title:80 Lessons Learned
  • Series Number:1
  • Pages:125
  • eBook ISBN:9780992108311

80 Lessons Learned - Volume I - Life Lessons

On the Road from $80,000 to $80,000,000

by Thomas Beyer

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Overview
Having started 15 years ago with a single rental pooled condo, then growing to over $100M in assets with over 1000 tenants, then surviving and thriving through a brutal worldwide recession, one has some battle scars. Real estate is not only up up up but also down down down for a while and to attract over $40M in investor capital from 600+ investors without losing a cent one has to get a few things right. Learn a few of the many life, business and real estate lessons that any fledgling entrepreneur & investor in these volatile markets could benefit from. Part I covers the LIFE LESSONS. Part 2 covers BUSINESS LESSONS Part 3 covers REAL ESTATE LESSONS
Description
Having started 15 years ago with a single rental pooled condo, then growing to over $100M in assets with over 1000 tenants, then surviving and thriving through a brutal worldwide recession, one has some battle scars. Real estate is not only up up up but also down down down for a while and to attract over $40M in investor capital from 600+ investors without losing a cent one has to get a few things right. Learn a few of the many life, business and real estate lessons that any fledgling entrepreneur & investor in these volatile markets could benefit from. Part I covers the LIFE LESSONS. Part 2 covers BUSINESS LESSONS Part 3 covers REAL ESTATE LESSONS
About the author
Thomas Beyer arrived in Canada in 1986 with less than $1,000 in his jeans to pursue his MBA at the University of Alberta. Building multiple businesses—including one with more than $100 million in assets today—was not just far from his mind, it had never even occurred to him then. Working his way through various software engineering and technology marketing careers he left IBM in 1997 to grow a software and consulting firm with a partner in California. He eventually arrived at real estate investing, in parallel to his software start-up career in earnest in 1997, after 10 years of saying, “Gee, I should really do something in real estate.” He started with a single rental pooled condo for $80,000, then grew the initial successes with his own money, and later investor & operating partners into an investment group with more than $100 million in assets with around 1,000 suites, and an associated property management company managing over 1,500 units. The author now lives with his wife in Vancouver, BC, Canada but travels frequently to Alberta to inspect the group’s holdings, to visit their two adult children in Edmonton and to smell the clean, conservative, low tax and non-unionized air.