Episode 170:
What You’ll Learn About in this Episode:
In this insightful episode of The Mentor Podcast, Ron LeGrand is joined by Mark Mostek, a former student turned multimillionaire, who shares the story of his rise in the world of commercial real estate. Mark reveals the journey behind his success, including how he used other people’s money to fund a major self-storage project and turned it into a life-changing opportunity. From navigating challenges to finding the right partners, Mark’s story demonstrates the power of persistence and education in commercial real estate.
Key Topics Covered:
- Mark’s First Big Project: Learn how Mark went from being a student in Ron’s boot camp to overseeing a 125-acre mixed-use development project.
- Overcoming the 2008 Market Crash: Hear how Mark faced the collapse of the commercial development industry and pivoted his career into investment banking and self-storage.
- The Journey into Self-Storage: Discover the steps Mark took to research, fund, and develop a profitable self-storage facility using little of his own money.
- Raising Capital Without Risk: Understand how Mark raised funds for large-scale projects without personally guaranteeing loans or putting up his own capital.
- Navigating Setbacks: Learn how Mark dealt with unexpected obstacles, including losing investors and finding new partners to push the project forward.
- Turning a $1.6M Investment into a $19.5M Sale: Get the inside scoop on how Mark’s Springfield self-storage project became a multimillion-dollar success.
- Importance of Due Diligence: Explore how thorough planning and proper execution can prevent costly mistakes and ensure success in commercial real estate ventures.
- The Role of Partnerships: Understand how strategic partnerships can make or break a project, and how to find the right people to work with.
- Why Commercial Real Estate Is a Game-Changer: Mark and Ron discuss the transformative power of commercial real estate and how one successful project can set you up for life.
Resources:
- Get Ron’s Free 6 video lesson series at www.TheMentorpodcast.com/CP
- Sign up for a Free Mentor Panning Session: https://www.RonLeGrand.com/Plan
- Free Training: www.TheMentorPodcast.com/Terms170
- Get Ron’s $599 Wholesaling course for FREE when you join his Gold Club for ONLY $99 a month! – www.TheMentorPodcast.com/GC170