In this episode of Zen and the Art of Real Estate Investing, Jonathan chats with Shane LaFave, whose journey through real estate development reveals the diverse paths in the field. With over 15 years of experience, Shane has worked on projects ranging from affordable housing and high-end residential buildings to hotels, commercial spaces, and even solar farms. Now the executive vice president at Roers Companies, Shane leads a multifamily real estate firm that’s vertically integrated, handling everything from development and construction to property management in-house.
Jonathan and Shane explore Shane’s journey into real estate, beginning with his college years and discovering the importance of relationships in the field. Shane shares his insights on community-centered real estate and how he employs vertical integration to manage the entire syndication process under one roof, addressing potential pitfalls of non-integrated syndications. He also discusses his preference for new builds, their challenges, and the tailored investment fund his company offers to cautious investors. As they dive into market research and the right timing for syndications, Shane explains his approach to identifying promising geographic areas and his enthusiasm for industrial real estate.
You’ll hear more about:
- Vertical integration allows for better cost control, efficiency, and tighter development, construction, and property management coordination.
- Building long-term relationships in a particular market creates a better understanding of the community’s long-term needs.
- Syndications have long-term benefits, and getting in early in your real estate career can pay big dividends.
- Shane’s company offers a fixed-rate fund with immediate returns for those nervous about jumping into a syndication.
Nervousness about syndications is normal, but Shane LaFave makes a strong case for overcoming your anxiety to join well-researched funds for long-term dividends.
If you want to learn more about Zen and the Art of Real Estate Investing Podcast, check out https://zenandtheartofrealestateinvesting.com/podcast/187/.