Welcome to a real-world MBA, where entrepreneurs guide you through what it really takes to start, scale, and sell your own business. Your hosts: J and Carol Scott, who left careers in corporate management to launch their own house-flipping business. Every Tuesday, you'll meet a new guest and learn actionable tips for hiring, firing, marketing, raising capital and more. So whether you're looking to boost profits or bring a new idea to life, you'll come away informed and inspired. Tune in, and learn how to treat your business like a business!
https://www.biggerpockets.com/biggerpockets-business-podcast
episode 86: Becoming a Real Estate Angel Investor with Jonathan Wasserstrum
Jonathan Wasserstrum, founder of SquareFoot likes to say that he was working in PropTech before PropTech was a thing, and he’s right! For the past few decades, many industries were seeing expansive growth, new ideas, and upgraded technology. One of the industries that didn’t see that tech growth was real estate.
Jonathan found that many commercial real estate customers were looking for a consumer-facing option to view commercial spaces from the comfort of their own homes. Why were there so many residential real estate sites, but no commercial real estate sites? That’s where Jonathan’s company SquareFoot came in!
SquareFoot took off and over time was becoming a staple product for those looking for commercial real estate spaces. Due to its success, Jonathan was in a great position, which allowed him to become an angel investor for real estate deals and different startups, passing on his knowledge and capital to other new businesses!
Jonathan talks syndications, funds, and investing as a whole. For any investor who wants to see their industry grow and advance forward, Jonathan is a great success story showing you have the power to change your industry for the better!
In This Episode We Cover:
- How to start a self-funded venture, even at a young age
- Why real estate is such a great industry (residential and commercial!)
- Why startups have such a high mortality rate
- Why PropTech is so important to investors, tenants, and all real estate professionals
- Why “flexibility is the future”
- The difference between syndications, funds, and more
- Why investing can make you a better business owner
- How angel investors think when investing in a new business
- And So Much More!
Links from the Show
- BiggerPockets
- Redfin
- Uber
- Zillow
- AngelList
- Sequoia
- Airbnb
Check the full show notes here: http://biggerpockets.com/bizshow86
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