In this episode, we look back at our conversations with Maurice Philogene, Heather Dreves, Trevor Thompson and Denise Piazza. Our discussion zeroes in on how these pros have found their way into passive investing. Maurice talks about his journey to CRE, while Heather shares how her company helps finance investors achieve their passive income dreams.
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Trevor, on the other hand, shares how he employs processes that make his investing more successful. Finally, Denise tells us how mentorship has helped her invest wisely.
Listen, learn and add these simple strategies to your passive investment plans!
Key Points From This Episode:
- What does Michael’s path to commercial real estate look like?
- Why did it take him 14 years to become financially independent?
- How does Heather make lending more inclusive?
- What are the processes that Trevor employs that would help passive investors?
- How has mentorship influenced Denise’s path to real estate?
“What ended up happening is by the time I got to 2014 or 15, maybe a little bit earlier, I had a portfolio of almost 20 paid off places and then that essentially eclipsed my active salary with passive income and then you know, that’s kind of where the financial freedom started.” – Maurice Philogene
“Having a mentor is everything because they can guide you and even if the mentor is not 100% correct, it doesn’t matter.” – Maurice Philogene
“So, these small-dollar balances, that’s what this fund was really opened for, because we wanted to give that opportunity to invest and create wealth to everybody, just not high net worth individuals.” – Heather Dreves
“The most important thing is for you to spend time and find the right person that is the sponsor of the deal and connect with them.” – Trevor Thompson
“I also went with a mentor with not quite as large of a group, so I’ve been able to make some incredible connections with folks in that team and try to lead with my value-add to wherever they are in their process and wherever their experience takes them.” – Denise Piazza
Links Mentioned in Today’s Episode:
Maurice Philogene on Instagram
Maurice Philogene on LinkedIn
Secured Investment Corp website
Heather Dreves on LinkedIn
Trevor Thompson on LinkedIn
Trevor Thompson on Facebook
Main Line Capital Advisors website
WS455: Passive Income: Your Ticket to Freedom with Maurice Philogene
WS1179: Investing Actively or Passively through Trust Deeds with Heather Dreves
WS1157: How I Got into Passive Investing with Trevor Thompson
WS1062: From Passive to Active to Raising Capital for Your First Deal with Denise Piazza
About Maurice Philogene
Maurice Philogene is passionate about living life to the fullest and invests in multi-family real estate as a way to make that possible. Maurice was born in New York, grew up in Boston, went to the University of Virginia and then ended up moving to Maryland. Additionally to being in real estate, Maurice has been in the military for 22 years and has been a street cop for 12. He is also in the consulting space with the federal government and works as a life coach too. As far as real estate goes, Maurice locates, invests and operates apartments, mobile home parks, and multi-family commercial real estate across the United States. He’s focused on conscious capitalism, providing safe and affordable housing for fixed income, veteran, elderly, and other communities in need.
About Heather Dreeves
Heather Dreves is the Director of Funding at Secured Investment Corp and a fund manager that oversees the management of the Secured Investment High Yield Fund II LLC and the Circle of Wealth Fund III LLC, Secured Investment Corp is one of the fastest-growing real estate lenders and fund managers in the US. Secured Investment Corp has created two private equity funds to fill the void left by uncooperative traditional funding sources. Investors have the potential to earn double-digit returns based on past performance. By connecting real estate investors who needed non-traditional funding with passive investors who were ready to earn higher returns on their investments, Secured Investment Corp created an opportunity to benefit both sides. Passive investors get higher returns and real estate investors get quick, competitive loans to purchase and rehab those properties that traditional lenders will not touch. Heather enjoys lending money to self-employed entrepreneurs and their families. Watching people succeed in their business motivates her, and that’s why she and her lending team focus on transparency, mentorship, and making sure their people make their money back. She learned early on that focusing on the bottom line was not enough to sustain a business, and after foreclosures and property taxes caught up with many of her clients, she decided to change her approach. Now, seminars, classes, and success and accountability programs are all ways Heather and Secured Investment Corp are ensuring that their clients earn all their money back (and then some).
About Trevor Thompson
Trevor is a successful Vice President with 47+ years in the attractions and entertainment industry. He is highly observant, detail-oriented, and has a highly developed work ethic, values, history, and culture. He strives to maintain a harmonious environment offering service to others. Trevor communicates in group and one-on-one settings and is comfortable developing businesses, leading teams, and providing high-level results. He takes these skills into his new passion – Real Estate Investing. Over the past few years, he has become deeply passionate about learning about Real Estate Investing. He is an avid learner and is continually connecting with as many like-minded people as he can.
About Denise Piazza
Denise Piazza is the founding partner of Main Line Capital Advisors. She began working within the real estate industry in 2004 through several tax and accounting engagements with real estate clients while employed at a CPA firm. She graduated summa cum laude with a degree in Accounting, a minor in Management Information Systems, and is a certified public accountant (CPA). She has 20 years of accounting, finance, and risk management experience and has managed teams of 30+ employees. Denise has held several finance and accounting roles with top Fortune 100 companies on teams managing over $1B in acquisitions, joint ventures and disposition of assets. Denise has also served on the Women’s Leadership and Risk Management committees of Fortune 100 companies. Her experience in finance and accounting has made her highly skilled in analyzing data and developing financial models. Denise has been investing in real estate for close to ten years in a variety of asset classes as both an active and passive investor. Her experience with multiple asset classes has led to her passion for investing in multifamily assets and educating professionals on the benefits of diversifying their portfolios with assets that provide strong, predictable returns. She is now a limited partner in close to 1,200 units of multifamily assets, and within three months of becoming an active investor, she has become a general partner on 400+ units. Denise and her partner also run a monthly real estate investing meetup group in Wayne, PA.
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