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April 4, 2022

29 | Think Like a Business Owner Not as a Landlord with Lucas Miller

29 | Think Like a Business Owner Not as a Landlord with Lucas Miller

Lucas Miller is the Managing Partner of Bannock Capital, LLC a boutique commercial real estate investment firm that focuses on acquiring, operating, and raising capital for distressed commercial real estate.  He is also the founder of Fear Free...


Lucas Miller is the Managing Partner of Bannock Capital, LLC a boutique commercial real estate investment firm that focuses on acquiring, operating, and raising capital for distressed commercial real estate.  He is also the founder of Fear Free Passive Investing – a Youtube channel and podcast focusing on the honest and passionate education of investors in private real estate equity.  His no-sales approach to educating individuals has been downloaded thousands of times and viewed by hundreds of individuals who have taken the leap from Wall Street to controlling their own future.  Lucas is a frequent speaker and guest lecturer on real estate private equity, creative investing, and business growth.  Lucas lives in the Northern Virginia area with his family and spends his time volunteering time at several different charitable organizations and Boards.

 

Let’s tune in to his story!

 

[00:01 - 10:31] Opening Segment

 

  • Fortune Cribs helps investors buy short-term rentals and select markets across the country for as little as 10% down with no cash on cash returns in the 20-30% range. They will design furnish and manage all your day-to-day operations, making your experience truly hands-off. If you want to take the next step in growing your real estate investing business, go to FortuneCribs.com and book your free consultation now!
  • Let’s welcome our guest, Lucas Miller
  • Lucas reminisces about his real estate beginnings
  • The story of a flip that Lucas regrets  

 

[10:32 - 18:22] Think Like a Business Owner Not as a Landlord

 

  • Why People Fail in Real Estate
  • Landlord versus Business Owner
  • The Benefits of Passive Investing for Real Estate Aspirants

 

[18:23 - 22:53] How to Present Yourselves to LPs

 

  • Questions to Prepared for From Limited Partners
  • Lucas enumerates the top three common points LPs focus on

 

[22:54 - 32:30] The Legacy Round

 

  • Want to know the best-kept secret when it comes to investing in single or multifamily flips? Hire an interior designer. Elevate your design, reconfigure your floor plans and develop functional spaces all to maximize your ROI. Melanie Rene Designs has over 12 years of experience designing in the San Diego real estate market and is ready to help you increase your profits on flips buying, wholesale short-term rentals retail, and more!  Just reach out to Melanie at melanierene@gmail.com.
  • Practical Tips to Grow Your Portfolio
    • Practice your script
    • Be specific and honest
    • More tips from the three of us

 

[32:31 - 41:35] Slice of Knowledge

 

  • Lucas’ Last Words
    • Thank God and his family
  • One Slice of Wisdom
    • Consistency
  • Real Estate Multifamily Vocabulary
    • Internal Rate of Return
    • Return on Equity
    • Passive income
  • Books and Masterminds to Try

 

Connect with Lucas through FearFreePassive.com, Youtube, Instagram, Facebook, and LinkedIn.

 

Thanks for listening to Multifamily by the Slice!  

 

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Tweetable Quotes

 

“The people who fail at real estate, fail because of themselves and not because of real estate.” - Lucas Miller

 

“When someone says they want to be a landlord or they want to invest in real estate, they don't want to invest in real estate. They want passive income.” - Lucas Miller

 

“Be consistent in keeping in touch with brokers.” - Lucas Miller

 

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