Episode 13 with Tory Sheffer
“It was certainly a lot easier because that first deal that I did, I made more than I would have made in a year selling houses. So I was like, okay, I got a year of income that was comparable to if I were selling houses…. So, I can always go back to selling houses. If I need to go make 20, 30, 50 grand, or whatever, absolutely need to, could I sell a house? Yeah, sure, but I'd rather sacrifice the short-term easy stuff and kind of build something for a longer term.”
Join Glenn as he interviews Tory Sheffer, the founder of Sheffer Capital, a real estate investment company owning over $75 million volume across 700+ units. Before his ventures in real estate, Tory owned and operated a commercial playground construction company as a college student. After getting his real estate license and selling houses for a few years in Michigan, Tory discovered multifamily real estate and shifted gears to finding commercial investment opportunities.
Glenn and Tory discuss:
· His journey from building playgrounds to selling real estate
· His first real estate investment
· Collaborating with investors on deals
· Selling real estate vs. investing in real estate
· The importance of equity
· Rolling profits from one deal into the next
· Using your network of family and friends
· Deciding when to sell and when to refinance a property
· Long-term investments vs. short-term easy cash
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