Mar 5, 2024
Bar Shechter, the Managing Partner at Lending Specialty, is a private lender who has a background in real estate that stretches far back into his childhood. He grew up around entrepreneurs who had multiple properties in their portfolio and that led him to getting into the same business, with a different goal.
Listen to this episode to learn more about Bar’s background and experience, how he got into private lending, and how he is helping real estate investors secure funding for their investments today!
Key Talking Points of the Episode
00:00 Introduction
00:41 Who is Bar Shechter?
01:30 How did Bar get introduced to real estate?
03:40 What are the challenges of being young in real estate today?
04:42 How does Bar help real estate investors through Lending Specialty?
08:36 What should investors today focus on if they want to succeed?
10:10 What relationships should you be building first as a new investor?
12:04 What is it like for Bar to work with foreign investors?
14:01 How should foreign investors start investing in the US?
15:53 What are the deal breakers and deal makers Bar is seeing in today’s market?
19:05 When did Bar have doubts about getting into the real estate space?
21:56 What is the importance of perseverance in real estate investing?
23:32 How does Bar avoid burnout as a real estate professional?
25:04 What kind of deals work best in today’s market?
27:42 How can you get in touch with Bar?
Quotables
“As more people get into it and the deeper you get into the industry itself, you realize that some of these deals, it takes a village. It takes people helping you out – people with more knowledge, people with more money, whatever the case may be.”
“I think my doubts were very at the first, when I got into the industry because you’re learning, you’re just getting in, you don’t know much – you need to find a niche.”
“Not every day is gonna be easy for the life of a real estate investor or a professional within the industry, so just persevering.”
“Eventually, it’s the numbers. If it makes sense for you, if you’re looking for equity or you’re looking for cash flow. There’s a mix to it, but it depends on what strategy and where you invest.”
Links
Website: Lending Specialty
https://www.lendingspecialty.com/
Facebook: Bar Shechter
https://www.facebook.com/realbarshechter
Website: RCN Capital
https://www.rcncapital.com/podcast
Website: REI INK