PODCAST EPISODE

The Founder of LocalVest Teaches Us How to Syndicate Properly | Bill Militello

The Military Millionaire Podcast

Apr 16 2021 • 52 mins


Episode: 138

Bill Militello

Join your hosts, David Pere and Alex Felice, with their guest Bill Militello as they talk about syndication as a process, raising capital, Bill's thoughts on multifamily investing today, and his company that links military veteran entrepreneurs and general real estate operators to quick and inexpensive capital raising –Local Vest.

For Bill, finding the deal, getting the money, and closing the deal can sometimes work against people. In this episode, he talks about reversing the steps. If one can close a deal with their own money or the capital they can raise from friends, moving on with the transaction is more quickly achievable. Your personal network lets you walk in with confidence. He believes an entrepreneurs' success is their ability to raise capital, and that ability lies in the size of their personal network.

Having good counsel and surrounding yourself with people whose unique abilities are different from your own is also an essential component of building partnerships for Bill. If one can surround himself with people who have the experience and integrity, chasing and closing the right deals can become a less risky nature when investing and operating around the world of real estate –an industry that teaches you nothing if not through the actual on-the-job experience.

About Bill Militello:

Founder and CEO of Militello Capital. He graduated from the U.S. Naval Academy in Annapolis in 1992 and later served as a Captain in the U.S. Marine Corps as a Signals Intelligence Officer. In 2001, Bill moved to Wall Street, where he was an equity trader for Knight Capital Markets. Mr. Militello subsequently served as a consultant for the U.S. Securities and Exchange Commission.

In 2003, he founded Piedmont Investment Advisors and set out to create not just another investment firm but rather to redefine the traditional investment model. His view was that the financial services industry was ripe for innovation. Therefore, he founded Militello Capital in 2011 to guide the wave of registered investment advisors "RIAs" to think beyond Wall Street and challenge the conventional allocation model, The hedonic treadmill.

He knows firsthand the challenges of being an entrepreneur and RIA and built private equity products that create jobs, enhance communities, and fund the development of technologies that help mankind.

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Advice to an 18-20-year old:

Fear Nothing, and enjoy the ride. Money is infinite!

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Recommended resource(s):

Get abreast of somebody doing what you want to accomplish!

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Sponsor: Email wrmastermind@gmail.com to apply for the War Room Real Estate Mastermind group we host for service members and veterans!

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Outline of the episode:

  • [02:10] Helping military veteran entrepreneurs and real estate operators connect with capital quickly.
  • [06:20] Paying for mentorships is not expensive; making wrong investment decisions is.
  • [08:03] Reverse the steps.
  • [11:05] "People invest in confidence and trust."
  • [17:28] Entrepreneurs are entrepreneurs; Raising money - one of the hardest things to do.
  • [25:17] The concept of
  • [30:01] Multifamily is a little risky right now…
  • [32:23] M1 – inflation is present.
  • [35:03] What's in it for you in Local Vest?
  • [42:44] Becoming an entrepreneur takes a lot of confidence.
  • [46:16] It's a whole OJT experience – learn by doing.
  • [49:16] "I'm doing this at 52. If I had access to this knowledge at 18…"

Resources:

Website: https://localvest.com/

LinkedIn: https://www.linkedin.com/company/localvest/

Email: bill@localvest.com

Need help in finding an investor-friendly realtor? Check out:

https://www.frommilitarytomillionaire.com/va-realtor/

Join The War Room Real Estate Mastermind Group:

https://www.frommilitarytomillionaire.com/start-here/

Follow our journey:

Blog: https://www.frommilitarytomillionaire.com/

YouTube: https://www.youtube.com/c/Frommilitarytomillionaire/

Facebook: https://www.facebook.com/groups/1735593999901619/

Instagram: https://www.instagram.com/frommilitarytomillionaire/

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Real Estate Investing Course: https://www.frommilitarytomillionaire.com/teachable-rei

Recommended books and tools: https://www.frommilitarytomillionaire.com/kit/

Become an investor: https://www.frommilitarytomillionaire.com/investor/

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SUBSCRIBE: https://bit.ly/2Q3EvfE

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Website: https://www.frommilitarytomillionaire.com/start-here/

Instagram: https://www.instagram.com/frommilitarytomillionaire/

Facebook: https://www.facebook.com/groups/militarymillionaire/

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My name is David Pere, I am an active duty Marine, and have realized that service members and the working class use the phrase "I don't get paid enough" entirely too often. The reality is that most often our financial situation is self-inflicted. After having success with real estate investing, I started From Military to Millionaire to teach personal finance and real estate investing to service members and the working class. As a result, I have helped many of my readers increase their savings gap, and increase their chances of achieving financial freedom! - Click here to SUBSCRIBE: https://bit.ly/2Q3EvfE to the channel for more awesome videos!

THIS SITE IS INDEPENDENTLY OWNED AND OPERATED. ALL OPINIONS EXPRESSED HEREIN ARE MY OWN. THE VIEWS EXPRESSED ON THIS SITE ARE THOSE OF THE AUTHOR OR THE AUTHOR’S INVITED GUEST POSTERS, AND MAY NOT REFLECT THE VIEWS OF THE US GOVERNMENT, THE DEPARTMENT OF DEFENSE, OR THE UNITED STATES MARINE CORPS.

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