How Acting On An Opportunity Turned Into a Lifetime of Cashflow
w/ Ryan Smith
Real opportunities don’t come along very often which is why we have the saying “opportunity only knocks once”. If you are lucky, it may knock twice. So, when opportunity knocks, are you willing to open the door? In this episode, I spoke with Ryan Smith, the Managing Partner of Elevation Capital Group. Listen to know about Ryan’s Journey and how acting on an opportunity gave him a lifetime of cashflow.
Ryan Smith brings with him more than fifteen years of extensive business experience in market evaluation, property analysis, management systems, due diligence, finance, and more. Mr. Smith, and his affiliates, co-manage multiple investment funds, which specialize in investing in MHCs, and participates in the ownership and/or management of over 20,000 MHC lots.
In this Episode, You’ll Learn About:
Stigma Around Mobile Home Parks
Finding ‘Recession-Resistant’ Deals
Ryan’s Journey on Raising Business Funds
Things to Consider When Raising a Fund
Importance of Having a Team and Systems in Place
Quotes: “In order to lead, you have, at one point, followed.” “Generally, everybody likes the thought of a portable housing, just not near them.” “There are many pros and cons. Consider both side of a coin.” “Ten million dollars is huge for a first fund.” “A fund seems glamorous and glorious. But for most people, syndicated deals might be a better path.” “If you truly are trying to scale and build an operating platform, a fund could be helpful for that.” “You have to be successful to get that ultimate end. You have to do a lot along the line to achieve that end.” “It’s the simplest advice but it’s the hardest to do. It’s ‘Believe in yourself.’” “It’s one thing to understand it. It’s one thing to do it.” “Most people think they believe. Drop the think and just believe. If you believe, that should bear action and fruit.”
