53: Commercial Real Estate Investing with CrowdStreet CEO Tore Steen
Tore Steen is the CEO and Co-founder of CrowdStreet which is a crowdsourcing platform connecting investors with Main Street investment real estate opportunities. Tore is a business leader in the internet and software industries with deep expertise in strategy, business development, sales, and marketing for both publicly traded and private enterprises. With commercial real estate being the third-biggest asset class in the U.S. Tore will share how CrowdStreet is empowering individual investors by democratizing investment real estate. Tore will talk about technology solutions that provide real estate sponsors with a scalable platform for managing a large investor base. You'll also learn about the potential yields and the opportunities available to non-accredited investors. Links: Crowdstreet.com @CrowdStreet @toresteen Where are we: Catalonia Spain - Sam a Johnny Portland, Oregon - Tore Book: Start Here – Recommended reading Time Stamps: 02:49 - Beginning of CrowdStreet 06:07 - The leadership team experience 08:36 - Defining commercial real estate 10:07 - Grading the quality of property 11:09 - Terms to familiarize with 14:09 - Demographic trends in the USA 16:57 - Investors circle learning platform 18:29 - Asset profile explanation 23:07 - Average member investment 25:20 - Software solution for developers 28:27 - The vetting process 32:54 - Average returns across the platform 36:09 - Nonaccredited opportunity 40:59 - Passive returns on investment 43:46 - High risk vs. safe ROI 46:21 - Biggest investment mistakes 55:09 - Nonaccredited investors If you enjoyed this episode, do us a favor and share it! Also if you haven’t’ already, please take a minute to leave us a 5-star review on iTunes and claim your bonus here! Copyright 2017. All rights reserved. Read our disclaimer here.