Investing in real estate offers a lot of opportunities. It can help you achieve financial freedom and stability. A lot of people invest in the industry passively. This simply means that they are putting their money in the investment long-term to give it time to grow. In this episode, we talk about how you can become a good passive investor.
Our gracious sponsor:
Lionshare Bookkeeping believes the key to generating wealth is understanding where it comes from, and where it needs to go. They provide bookkeeping and financial coaching exclusively to Real Estate Investors – focusing on cash flow, strategy, and action. Go to http://bit.ly/LionshareBookkeeping to connect with them now.
Watch the episode here:
Listen to the podcast here:
Our guest is Sam Silverman, a passive investor, tech sales leader, who is transitioning to becoming an active investor. Sam has years of experience investing passively. He shares what questions to be asked when you are investing your money for the first time and how you can effectively vet a sponsor. He also emphasizes the need to know the operator’s character, hiring and finding the right people, staying in your lane, and focusing on important things. Listen now and learn how you can be a good passive investor!
Key Points From This Episode:
- Sam talks about his background and how he started in real estate investing.
- Why does having single-family homes require a lot of mental time?
- How did Sam start in the syndication business?
- Sam talks about his first project.
- Sam details what he looks for when investing in syndication.
- The bigger risk according to Sam – not doing something than doing something.
- Sam talks about his plan of transitioning from being a passive investor to being an active investor.
- As a passive investor, how does Sam like the operator to be prepared for a downturn?
- The number one thing that helps Sam achieve success.
- How does Sam like to give back?
“You can take a step back and think, okay, start with the end in mind of where you want to get to versus what you’re doing on daily basis just to push the ball forward a little bit.” [0:06:20]
“So, it is a clear path of, you know, you look at the risk of doing it and first not doing it. The risk of not doing is ending up in a job you freaking hate when you’re in your 50s, and you’re just doing that because you have to feed your family or yourself. So, I think that’s the bigger risk of not doing anything versus doing something.” [0:20:37]
Links Mentioned in Today’s Episode:
About Sam Silverman
Sam is a tech sales leader that has led global organizations of 45+ direct reports. He has leveraged his day job into building wealth through both passive investments and operating multi-family apartments.
Love the show? Subscribe, rate, review, and share!
Join the Real Estate Syndication Show Community: