How do you avoid doing a mistake as a passive investor in real estate investing? What are the dos and don’ts that you need to know before you put your funds in a deal? Today, our guest, Matt Hansen of Hansen Holdings breaks down things that will help you avoid some mistakes in syndication and he gives tips on how to be a successful passive investor.
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Matt starts by sharing how he went from being a corporate executive who was investing in Wall Street to retiring from the job and investing in real estate multifamily syndication full-time. He then shares some mistakes he made that he thinks one can learn from and try to avoid as well. He emphasizes the need to know yourself, focus on one thing first then start from there, and do it at your pace. Enjoy the show!
Key Points From This Episode:
- Matt talks about his background before diving into the real estate investing world and why he chose real estate among other industries.
- Matt shares that he built confidence to jump into multifamily syndication through education.
- Why is it important to vet all the deal sponsors before putting your hard-earned money into the deal?
- What are some of the critical statistics that you need to know before investing?
- How do you verify the population and job growth in an area?
- How did Matt start investing in real estate?
- Why do you need to diversify your investment?
- The key lessons that Matt learned over the years of investing.
- What would have Matt done differently knowing what he knows now?
- Matt’s predictions in the real estate industry over the next six to twelve months.
- How does Matt like an operator prepare for a potential downturn?
- How does Matt is increasing his deal flow right now?
- What is Matt’s best source in meeting new investors?
- The important metrics that Matt tracks personally and professionally.
- The habits that helped Matt achieve success.
“That’s really my focus right now is to help other people avoid the pitfalls that I did, of putting everything in a 401k and at the mercy of the stock market.”
“I have full control over my time and freedom now. And it’s a blast to help other people get into real estate passively.”
“Education, education, education, that’s why what you do is so great, is that I joined a mastermind that was in a passively invested that mastermind for probably the first two years and tons and tons of deals. And you learn so much before you go and be a general partner or run a deal. You really need to be a passive investor, a limited partner, and learn what it’s like from there.”
“The lesson there was no all the lead sponsors or general partners who are gonna run that asset after it’s closed. That is the most important thing because you’re married to them for the next five to six years.”
“But if you’re passively investing, and you’re just getting started, go in the markets that that are really strong for employment and population growth because the demand is there.”
“Be really cautious where you’re investing.”
Links Mentioned in Today’s Episode:
About Matt Hansen
Matt is a retired corporate executive who transitioned to full-time real estate investor. His investment portfolio includes over 2,000 units of multifamily apartments located in Texas, Tennessee, and Florida.
Like many people, 100% of his retirement funds were locked in a 401K and exposed to the volatility of the stock market. So, he found one of the best alternative investments which is passively investing in multifamily apartments. He now helps others move their money from Wall Street to Main Street and diversify their portfolio with inflation-resistant and tax-advantaged real estate.
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