#43 Aligning your Time with your Values with Paul Shannon
Manage episode 446381523 series 3548702
Paul is a seasoned real estate operator who has acquired and renovated over 175 residential units in his personal portfolio - many of which were deeply distressed properties. This has led to extensive experience with underwriting, acquisitions, capital raising, property management, and project management. He is also a licensed Realtor.
In addition to active investments, Paul is an experienced limited partner. Who has invested personal funds passively in over 1,500 multifamily units, NNN deals, industrial property, sale leasebacks, preferred equity positions, first and second position notes, ATMs, and mixed-use development.
This experience has led to the formation of InvestWise Collective, a real estate fund in partnership with The Left Field Investors, which aims to deliver exceptional risk-adjusted returns and improved terms for investors. The fund gives the freedom for investors to customize which positions they participate, in an "a la carte" approach. Offerings will include a range of residential and commercial debt and equity deals across various real estate asset classes such as multifamily, industrial, retail, self-storage, and more.
Phil and Paul discussed the following on this episode:
1. Aligning Values and Time: Paul shared how he realized his corporate job was not aligned with his values of being present for his family. This led him to make the leap into real estate investing.
2. Taking the Leap and Betting on Yourself: Despite initial hesitation, Paul took the risk of leaving his stable corporate job, with the support of his wife. He emphasized the importance of action over overthinking.
3. Adapting the Business Strategy: Paul's real estate approach evolved over time, as he learned to delegate tasks like property management and focus on his strengths as an entrepreneur.
4. Developing a Structured Routine: Paul discussed the importance of having a daily routine to start the day right, including time for personal growth, exercise and planning. This helped him stay focused and productive.
5. Setting Incremental Goals: Rather than just focusing on long-term visions, Paul broke down his goals into monthly, weekly and daily targets. This allowed him to consistently make progress.
The overall theme was Paul's journey of aligning his work and life, taking calculated risks, and developing the habits and mindset to succeed as an entrepreneur.
Follow :
Linkedin: Paul Shannon
Website: www.redhawkinvesting.com
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