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The Family Office Market Update

Richard Wilson joins us for this week’s podcast to discuss his insights and updates on the family office market. He also addresses how the family office applies to the real estate sandbox, and how real estate syndicators / sponsors can best approach investors.

The family office is a wealth management solution for those that are ultra-wealthy. The wealthier you are, the more a 1% or 3% mistake — selling assets at the wrong time, tax mistakes, regulatory fines, paying too much in fees, etc. — can add up to a lot of money. That’s why many wealthy individuals/families are willing to pay a full-time team to help prevent those types of mistakes and reduce chaos and stress as well as to help them more effectively use their time.

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About Our Guest

Richard Wilson is CEO of the Family Office Club which is a private club with 1,750 registered investors, around 900 monthly subscribers, and hosts 25 live events a year.

Richard is a returning guest from 3 years ago on episode 76.

Investor Resources

The post Ep. 178 Richard Wilson: Family Office Market Update appeared first on Real Estate Investing in Florida.

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Family offices are becoming a burgeoning industry in terms of real estate investment and financing. Wealthy families are increasingly looking towards commercial real estate as a stable, generating market to channel and secure funds. Florida real estate markets are poised to receive family office investments and financing, but there is one problem: how can an investor find family offices?

Richard Wilson is founder and CEO of Miami Family Office, a $500 million AUM single family office. Through his company, Wilson Holding Company, Richard also oversees and advises on several other family office business enterprises including Billionaire Family Office and the membership-driven Family Office Club. Through his companies, Richard owns, manages, markets and facilitates family offices. This episode Richard discusses how commercial real estate investors can access family offices as a source for deals and financing.

• Network and market towards family offices
  • Networking through social media
  • Narrow search: source for certain deal-types
  • Compile list of family offices in your area, find out what propoerty-types they are investing in
• Actionable Investments
  • Family offices look for credible, practical deals as investments
  • Most family offices like to invest locally
  • Good cap rates: properties earning 15-17% IRR
• Family offices looking for investors
  • Put out property mandate alerts for certain desired investments
  • Will reach out directly to investors

If you think you have an actionable family office investment deal, contact Richard at richard@familyoffices.com

To find out more about Richard’s family office portfolios, visit www.miamifamilyoffices.com or www.detroitfamilyoffices.com and check out Richard’s family office webinars. Richard also hosts a informational podcast about family offices. Visit familyofficepodcast.com for past shows and to stay up-to-date.

Richard’s book, The Single Family Office: Creating Operating and Managing the Investments of a Single Family Office, is a best-seller in the family office industry and the key for investors wanting to find out more about the market. You can find his book on Amazon!

The post Ep. 76 Richard Wilson: Family Offices Can Be An Important Source for Deals and Financial Partners. Find Out HOW! appeared first on Real Estate Investing in Florida.

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The elusive family office market. Investors may have heard that it offers a deep pool for raising capital for deals, but for many it remains an enigma: a veritable El Dorado of investment capital, discussed in hushed tones in investment seminars and conferences throughout the country. What IS the family office market? How do you get involved in it?

This week, we have Brian Burke stop by. Brian is the co-founder and managing director of Praxis Capital, an investment firm that manages investments in a variety of markets. In addition to his extensive knowledge and experience in single and multi-family markets, Brian also has invaluable experience working in the family office market. He discusses what the family office market is exactly along with providing tips for working your way into the market.

• Family Office Market
  • High net-worth families that need to invest
  • Usually managed by family member or RIA
  • Offers high investment opportunities, but difficult to get into
• How to Get Into Family Office
  • Get Noticed – use word-of-mouth and alternative press (podcasts, radio shows) to get word out
  • Do not solicit to family office markets…You will be approached if there is an intereset
  • Attend family office conferences
  • Networking is key

For more information on Brian’s firm Praxis Capital or to contact his team, visit their website!

The post Ep. 45 What Real Estate Investors Need to Know About the Family Office Market appeared first on Real Estate Investing in Florida.