Key Takeaways
Understanding the market's cyclic nature is crucial, with an anticipation of improvement over the next 12-18 months.
Have solutions ready for all aspects of a deal. Learn from 2008: be prepared for market turns.
Specializing in one thing becomes crucial as you recognize the depth of your knowledge.
True expertise arises from hands-on experience, embracing challenges, and actively practicing in your field.
If you're taking on a deal, be the source for the completed project. It's about having the solution to all the problems or having access to them.
Syndication is just a fancy word for a partnership. Limited partners provide capital, and general partners create, vet, underwrite, manage, and decide when to sell.
Despite political divides and global uncertainties, with pent-up demand and a shortage of supply, there's significant money on the sidelines.
The market hasn't cooled off as expected. Interest rates haven't slowed much. Wages are rising, and the economy remains strong.
Timeline
[01:50] Intro to episode guest
[02:41] One word that describes Shannon personally and professionally.
[04:16] Can you tap into something that was a bump in the road for you that you learned a valuable lesson from?
[11:17] What is syndication, particularly for new listeners, in a concise way?
[15:09] What's your outlook on the market in the next 12 to 18 months, considering the recurring cycle?
[23:25] Are you currently involved in multifamily projects, or are you focused on light manufacturing and industrial deals?
[26:07] Are you building multifamily or single-family properties?
Contact
Website: shannonrobnett.com
