EP124: Corey Peterson on Raising Private Money (and Closing on the Biggest Deal of his Life)
Corey Peterson started his real estate career in 2012. He raised enough private equity to acquire an apartment complex, and now, five years later, he’ll be selling it for a $5.6 million profit. How on earth did he do this? Corey shares his personal tips on how he was able to raise capital early on and get into the real estate business, despite being someone who struggled throughout high school.
- Corey is 13 days away from closing and profiting $5.6 million!
- Corey closed his first deal in 2012.
- Who is Corey and how did he get started in real estate?
- Corey spent a whole year learning about real estate. In 2012, he bought his first apartment complex and raised $1.4 million (bought it for $3.2million) and is about to sell that property for $8.8 million.
- How did Corey learn how to raise private money?
- Corey didn’t know private money was possible for a guy like him, who struggled throughout high school.
- So, how did Corey find the apartment complex in 2012 and what did he do to acquire it?
- Remember, there is no magic pill.
- Corey explains his ‘Godfather’ moment. He HUSTLED!
- Corey unfortunately got into some bad legal battles because he did not cross all his T’s and dot his I’s, Be careful! Get a lawyer!
- Corey discusses the different property classes: A, B, C, and Warzone.
- What advice does Corey have for the real estate guys out there who are just on that hamster wheel and can’t get out of it?
- How passive is ‘passive’ income, really?
- Corey explains his process and how he gets things done!
Mentioned in This Episode:
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Watch Corey speaking at Harvard!
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