5 Talents Podcast - How To Build Wealth Through Real Estate
Business:Investing
Buying the Whole Block with Kelvin Fu - $20-$50M Past Transactions, 300+ Units Today
This episode will give you a glimpse into what happens when you pursue something without a backup plan. Today we’ll be talking with Kelvin Fu, a Partner for the firm GL Capital. Kelvin is a determined and strong global business leader with experience in private equity and venture capital who has traveled widely and worked on bridging East and West capital with global opportunities cutting across different industries. With all his experience, he started his own business, and today he helps build wealth for passive investors in commercial, multifamily, and single-family real estate.
Let’s jump in and learn his strategy of controlling the narrative of a whole street rather than one building.
[00:01 - 07:50] Opening Segment
[07:51 - 14:17] The GL Value-Add Strategy
[14:18 - 21:42] Owning the Asset and Yourself
[21:43 - 25:03] Controlling the Narrative of the Whole Street
[25:04 - 30:29] No Back-Up Plan
[30:30 - 39:10] Closing Segment
Tweetable Quotes:
“People underestimate our model… If you prefer the heavy value-add stuff you gotta take a little bit more risk. If you prefer a more stable one the returns are gonna be less but you don’t have to stress.” - Kelvin Fu
“I started my entrepreneur journey because I wanted to do something for myself and my family. I wanted to be able to control my time, I wanted to be able to work with people that I enjoy… I think that you have to pick the industry that you enter.” - Kelvin Fu
“I think it’s about mindset, you know; Never say no. Keep learning. Go out and just learn.” - Kelvin Fu
Resources:
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Connect with Kelvin on LinkedIn. Visit https://www.glcapital.io/ to learn more.
Guest Email: kf@glcapital.io
Connect with me:
https://www.5tcre.com/
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