Ep. 70: If You Can Transact, the Deals Will Find You, with David Hardcastle

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Lance is the Founder and Managing Partner of Verivest, an end-to-end real estate investment platform designed to bring transparency and trust to middle-market investing, and a Principal in Fairway America, a real estate private equity firm in Portland, Oregon.

David Hardcastle of Voyager Pacific Capital has been investing and developing real estate since in 1994 when he first rehabbed a bank REO. He and his team now manage more than 4,000 assets around the country. His key advice: Demonstrate the ability to close deals—backed by proper due diligence—and more deals will follow. Simple, but never easy. He and Lance break down the unique challenges, including staying on top of property taxes, local municipal laws, property management, why not all debt is created equal, and why making mistakes can be a good thing.

This week’s Guest

David has more than thirty years of entrepreneurial, small business and real estate investing and management experience. Starting with initial concepts, strategic planning, implementing business systems and daily operating procedures, he has experience in every facet of small business.
David has been investing and developing real estate starting in 1994 with the first purchase of a bank REO which was subsequently rehabbed and turned into a rental. Since then, he has rehabbed properties, built houses from the ground up, sub-divided land, designed multi-unit residential projects, rehabbed and rented commercial space, fixed and rented numerous residential properties, fixed and sold residential and commercial properties, done seller financing and purchased non performing notes.

In 2014, HGM Business Group was formed as a business development, management consulting and real estate investing company. HGM has been developing multiple business projects for it’s own portfolio from tech start ups to financial investments. As part of HGM Business Group, HGM Holdings, LLC, David has rapidly grown it’s real estate investment portfolio to more than 250 single family and small multi-family properties in multiple states.

In July of 2020, David become COO and co-fund manager of Voyager Pacific Opportunity Fund II, a real estate fund focused on single family homes, tax liens and vacant land.

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Episode 70