Real Estate Investing 365 | Episode 028 Lucas Miller
Lucas Miller is from Denver, Colorado, owner of Bannock Capital. He is a full-time investor, entrepreneur and father. His passion is to create passive investment opportunities that allow investor to reach their retirement goals sooner than they ever imagined. He has been investing in multifamily properties since 2014 and truly believes freedom can come from multifamily investing.
He started in small rentals, residential and doing flips then he met a mentor that made him spark an interest in syndication game. He bought his first-ever building in 2014, it was a duplex in Bannock Street. He sold everything to start a company and start possibly investing 200k. He shared how to manage passive deals in short period of time but still getting massive cash.
Enjoy the show!
In this episode:
• [01:30] How Lucas started in real estate
• [05:30] What year did he read Rich Dad Poor Dad and start wheels turning
• [07:00] Lucas’ small rental portfolio before syndication
• [10:30] How did Lucas started in syndication.
• [16:00] How did you identify the location where you going to buy your property?
• [19:55] Bridge Loan
• [31:00] Lucas Podcast
• [26:10] Making enough money when you have general partners
• [40:00] Future plans for Lucas and his company
• [42:00] Favorite Resources


Quotes:

• “Syndication is much more like running and building business than it is like investing in real estate.”
• “I burn the bridges I sold everything and use that money to just start the company and start possibly investing 200k.”
• “I love big multi-family and a huge reason of that is because of management companies.”
• “There's a whole lots of things you need to understand in really at the only way you can do that is through experience.”
• “The value of syndication as you're able to spread that risk over more units you're able to invest in a much more professional asset”
• “So even if the market takes a dump and our values are drop significantly are deals are still cash flowing.”




Resources:
Rich Dad Poor Dad
BiggerPockets
Fear Free Passive (Lucas Miller Podcast)
https://www.bannockcapital.com/
https://www.instagram.com/lucascsmiller/
Lucas’ Youtube Channel

 


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Spotify - https://open.spotify.com/show/7IYzjVQN9lqFoIhfl2XPcn?fbclid=IwAR1FqcEqNkfD_QKrH2c2L2RjfxH82Rkbvfz-N3IowR3Dw0-nMRXYj5mBKJ4

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