Packing up your life and moving halfway across the world is a brave feat. Doing that and also building a successful real estate investment firm from scratch is simply awe-inspiring. Our guest today, Reed Goossens, has managed to achieve this incredible goal.
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In this episode, Reed walks us through how he moved to the U.S and got his foot in the real estate investing door early on. He was surprised at how low the barriers to entry were when it came to buying real estate in the U.S compared to Australia, his home country. Despite this, he was still thinking small. It was not until a friend introduced him to syndication that he saw the true potential real estate investing held. We learn about how Reed pivoted into syndication and the hard work it required to get him to where he is today. He also talks about the importance of getting out of your own way and ensuring you have time to do the work that moves the needle. Reed’s story is truly inspirational. So, if you’re feeling stuck and like you’re just treading water, this show is just the pick-me-up you need. Tune in today!
Key Points From This Episode:
- Reed’s background: from a structural engineering to full-time syndication in the US.
- How Reed segued from a small rental property portfolio to syndication.
- The role mentors have played in Reed’s syndication journey.
- Find out the various steps Reed took to land his first large deal.
- How Reed connected with Andrew, his business partner and the benefits of the partnership.
- Two sides of the same coin: the common skillsets Reed sees that work well together.
- Why it is crucial to define roles and delineate responsibilities in a partnership.
- The vital systems Reed put in place to scale his small portfolio to 1700 units.
- Understand that syndication takes time and don’t compare your journey to others.
- What Reed did to overcome his impatience.
- Reed’s plan for the potential downturn.
- Investors need to adjust their expectations because the economy is changing.
- Learn more about the AB equity structure that Reed uses to cater to a diverse investor pool.
- Be transparent with investors in good times and especially in bad ones.
- Success and struggle go hand in hand.
[bctt tweet=”Syndication is a team sport. You can’t do it all on your own. — @reedgoosens” username=”whitney_sewell”]
Links Mentioned in Today’s Episode:
About Reed Goossens
In 2012, Reed Goossens quit his job in Australia and moved halfway across the globe to the US to change his life, and to chase a dream. With limited funds, no investing experience, and no credit, Reed went from purchasing a small duplex to growing his own real estate investment firm, Wildhorn Capital. Reed now syndicates large multi-million-dollar deals across the US. He has also achieved financial freedom and has taken control of life. Reed is also the host of the successful podcast, Investing in the U.S., where he invites other distinguished real estate investors and entrepreneurs to speak with him about their success and help guide other investors who want to successfully invest in the U.S.! Along with this, Reed is also a best-selling author with two books Investing in the US – The Ultimate Guide to US Real Estate and 10,000 Miles to the American Dream.
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