Show notes
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 SegmentLet’s get to know Kelvin FuKelvin gives us some background on his experience and how he started [07:51 - 14:17] The GL Value-Add Strategy Kelvin talks about his deal with the Brown’s Loft apartmentsHow Kelvin brings his past experience into real estate today The GL model [14:18 - 21:42] Owning the Asset and YourselfKelvin gives some insights into starting your own business Ad break Kelvin’s dream and goals for the future [21:43 - 25:03] Controlling the Narrative of the Whole StreetKelvin talks about the value of owning multiple properties on a block Finding a mentor who can guide you and how to provide value backKelvin talks about not having any other option but to succeed[25:04 - 30:29] No Back-Up PlanKelvin talks about not having any other option but to succeedThe value of pursuing education Kelvin’s advice about sourcing deals[30:30 - 39:10] Closing SegmentKelvin talks about the next steps of analyzing a property How to reach out to Kelvin - links below Reminder to get my free e-book - link belowFinal words from Kelvin and MeTweetable 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 FuResources:GLCProperties------------------------------------------------------------------------------------------Connect with Kelvin on LinkedIn. Visit https://www.glcapital.io/ to learn more.Guest Email: [email protected] with me:https://www.5tcre.com/FacebookLinkedInInstagramWatch 5T CRE on YouTubeLeave us a review and receive your free ebookEmail us --> [email protected] the Show.