Commercial real estate always seems like an invite-only club. Those who make it big in real estate syndications, capital raising, and deal-finding always seem to have a mentor or friend who helped them get their start. With so many moving pieces, it makes sense that someone would need a strong foundation before even trying to get started in commercial real estate. But, this isn’t true for Esti Lowenbein.
Esti didn’t have a family member or friend who was investing in big deals. She was a speech pathologist who was busy raising eight children. When she moved from Brooklyn, New York to Rockland County, New York, she felt that she needed a change. Funnily enough, Esti couldn’t explain what a mortgage was at the time but found herself on the residential side of being a real estate agent.
She didn’t love being a “marriage counselor” and preferred the definitive rules that came with commercial real estate. After successfully buying and selling deals for investors, she was asked to connect one client with an equity partner, and without knowing what to do, she did it. Now, only a few years later, she’s raised more than $50M for real estate deals and has done $500M in transactions. Not bad for a former rookie!
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Join BiggerPockets for FREE
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Check out Last Week’s Episode on Multifamily Financing Strategies:
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Listen to Esti’s Episode on The BiggerPockets
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5 Myths Holding You Back From Raising Capital for Real Estate Syndications:
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Grab the Book “Raising Private
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Connect with Esthi on Social Media:
LinkedIn:
Instagram: @estilowenbein or
Facebook:
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Grab Your Copy of “How to Legally Raise Private Money”: Steps to Buying Your First Rental
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Connect with Terrance:
Instagram: @terrancedoyle or
BiggerPockets:
LinkedIn: with Chris:
Instagram: @chrislopez_co or
BiggerPockets:
LinkedIn:
00:00 Intro
00:58 Pivoting to Commercial Real Estate
06:05 Changing Your Career Path
08:04 Esti's First Transaction
10:31 From Broker to Capital Raiser
13:46 Accredited vs. Non-Accredited Investors
15:33 108-Unit in San Antonio
18:50 People Lead to Profit
25:03 How to Raise Capital
28:26 Esti's Superpower
Recommended Reading >> bit.ly/32kRpzw
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