Manage episode 236383219 series 2516289
Getting money isn’t the only hurdle new investors face. Sometimes the most difficult challenges are a lack of family support and finding people we can trust. What are some of the things we can expect when we try to get money from family? Why is it so difficult to find the right partners? How can we keep pushing through when things are challenging? On this episode, Canadian investor Olivier LePage shares on his investing journey over 11 years and the lessons he’s learned along the way.
3 Things You'll Learn
Why it’s not always easy to get money from family
Even though our families love and support us, they aren’t always the best sources of money. If people don’t know about real estate, it’s hard to convince them that it’s a good deal, and that they will make any money, even when they love us.
How our fear of failure can hinder our growth
Our families can sometimes be so worried about us failing that they protect us by not giving us funding, but this creates tension and challenges because it feels like you’re not supported.
The importance of the right partners
One of the most challenging things that happened to Olivier in this business is learning that he didn’t have the right partner. We need to have investors partners who won’t bail during a challenging time.
Through the challenges, we learn valuable lessons like who we want in our corner and where to get the money we need for deals. Olivier’s story is proof that even if you have a rough start and have to push onward without the support of family, you can still build a thriving investing business.