Episodes
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We hope you’ve enjoyed the long weekend! Welcome back to another episode of The Richer Geek Podcast. Today, we’re diving into the world of distressed notes with Chris Seveney, CEO and co-founder of 7e Investments. Discover how to generate passive income and potentially help homeowners facing difficulties by investing in distressed mortgages. Learn about the benefits of this alternative real estate strategy and how to get started with a minimum investment of $5,000.
In this episode, we're discussing...
Chris Seveney’s Background: From civil engineering to real estate and finally into note investing, Chris’s path was driven by a desire to create a different kind of impact in real estate.
Alternative to Traditional Real Estate Investing: Invest in mortgage notes (debt) instead of physical properties to avoid property management headaches.
Helping Borrowers & Earning Passive Income: Focus on "fixing & flipping notes" by working with borrowers facing hardship to keep them in their homes while generating cash flow.
Focus on Middle-Income Properties: Target geographically diverse middle-income properties for a balance of risk and reward.
Regulation A+ Fund: Invest in a Regulation A+ fund with a minimum investment of $5,000 for access to this niche investment strategy and potential for monthly distributions of 8-11%.
Resources from Chris
LinkedIn | Email | 7e Investments
Resources from Mike and Nichole
Gateway Private Equity Group | REI Words | Nic's guide
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Chasing knowledge, not money, is the guiding principle discussed in this episode of The Richer Geek Podcast. Joining us today is Darin Davis, co-founder of Club Capital, to discuss the critical role of preferred equity in today's real estate market. With over 20 years of experience, Darin shares his journey from traditional employment to becoming a successful real estate investor. Tune in to learn how Darin utilizes preferred equity to support developers and secure safe, profitable investments, ensuring sustainable growth even during volatile market conditions
In this episode, we're discussing...
Mindset Shift: Darin Davis emphasizes the importance of shifting from a paycheck mentality to focusing on financial independence and asset control.
The Power of Mentorship: Davis shares how invaluable mentorship and learning opportunities are, sometimes more valuable than immediate financial gains.
Raising Capital: Learn about the pivotal role of raising capital in real estate and how leveraging others' money can accelerate your success.
Navigating Market Shifts: Insight into how to adapt and thrive through major market changes, particularly in the real estate sector.
Strategic Partnerships: Davis highlights the importance of choosing the right development partners and staying focused on your market.
Preferred Equity Investments: Explore how preferred equity can provide investors with safer, cash-flowing, short-term opportunities in volatile markets.
Resources from Darin
LinkedIn | Club Capital
Resources from Mike and Nichole
Gateway Private Equity Group | REI Words | Nic's guide
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Missing episodes?
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Are you frustrated with traditional IRAs and 401(k)s limiting your investment options? Do you wish you could use your retirement savings to invest in real estate, gold, or even Bitcoin? If so, this episode is for you!
Today on The Richer Geek Podcast, we sit down with Parker Pursell, President and CEO of eQRP, to explore his journey from a family-owned fertilizer business to leading a financial company that empowers investors to take control of their retirement funds. Learn how Parker transitioned from agriculture to finance and discover the innovative ways eQRP helps investors unlock the potential of their retirement savings.
In this episode, we’re discussing…
Self-Directed 401(k) vs. IRA: Learn why a self-directed 401(k) is often more advantageous than an IRA, particularly in debt-leveraged investments, where it can save you significant tax liabilities.
Alternative Investments: Understand how eQRP empowers investors to diversify their retirement portfolios with alternative assets like real estate, gold, and Bitcoin, without the limitations of traditional financial systems.
Financial Freedom through eQRP: Explore how eQRP is revolutionizing financial freedom by providing investors with the tools, education, and control needed to maximize their retirement savings.
Parker's Personal Journey: Get inspired by Parker Pursell's unconventional path from a family-owned fertilizer business to becoming a financial industry leader, emphasizing the importance of continuous learning and value-driven leadership.
Actionable Tips: Gain insights into strategic moves that could potentially save you hundreds of thousands in taxes by transitioning your IRA into a self-directed 401(k) with eQRP.
Resources from Parker
LinkedIn | eQRP | Turnkey Retirement
Resources from Mike and Nichole
Gateway Private Equity Group | REI Words | Nic's guide
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Welcome back to another episode of The Richer Geek Podcast. Dave Wolcott, founder of Pantheon Investments, returns to share insights on new investment opportunities, including private credit. Learn about alternative investments, tax optimization, and real estate strategies to grow your wealth. Don't miss this episode for expert advice and actionable strategies to achieve your financial goals.
In this episode, we're discussing...
Portfolio Allocation is Key: Focus on a few key sectors and diversify within those sectors to reduce risk.
Alternative Investment Strategies: Explore alternative asset classes like private credit, which offer high growth, are non-correlated to the stock market, and provide steady cash flow.
Uncertainty Creates Opportunity: Don't be afraid of market uncertainty. Look for ways to use uncertainty to your advantage and create certainty in your financial future.
Building Your Wealth Pyramid: Consider using Infinite Banking and whole life cash value policies as the foundation of your wealth pyramid. These strategies are non-correlated to the market, offer multiple benefits, and provide stability.
Define Your Certainty Needs: Identify what financial certainty means to you (e.g., emergency fund, passive income) and develop strategies to achieve it.
Resources from Dave
LinkedIn | Pantheon Investments | The Holistic Wealth Strategy
Resources from Mike and Nichole
Gateway Private Equity Group | REI Words | Nic's guide
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Welcome back to another episode of The Richer Geek Podcast! Today, we're switching things up a bit. While we usually focus on investments, this time we're diving into finance. Our guest is Emmanuel Daniel, an author, entrepreneur, and corporate strategist. As a global thought leader on the future of finance and its impact on business and society, Emmanuel is a member of the Forbes Business Council and was listed as a top 10 global influencer in the "FinTech Power50" in both 2021 and 2022. He is also the founder of the research publication and consulting house, TAB Global.
In this episode, we're discussing...
Transformation of Banking: The digitization of banking has drastically changed the industry, making transactions faster and more efficient.
Future of Finance: As industries become more digitized, the nature of assets and investments will continue to evolve, impacting how people view and manage wealth.
Global Economic Dynamics: The intertwined economic relationship between the US and China showcases the complexity of global trade and the significant impact of geopolitical decisions.
US Economic Strengths: The US excels in information handling and liquidity in capital markets, setting it apart from other economies.
Socialism vs. Capitalism: The US has largely rejected the socialist model, focusing on market-driven solutions, whereas other countries like Sweden and Norway provide examples of successful socialist policies.
Local Community Influence: In the US, the role of local communities is crucial in creating social safety nets, reflecting the nation's diverse approach to balancing market forces and social needs.
Resources from Emmanuel
LinkedIn | Emmanuel Daniel's website | The Great Transition
Resources from Mike and Nichole
Gateway Private Equity Group | REI Words | Nic's guide
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Welcome back to The Richer Geek Podcast! Today, we're joined by Whitney Elkins-Hutten, a real estate expert dedicated to helping busy professionals build wealth. Whitney's journey started in 2002 and has since grown into a career filled with impressive achievements. She is the Director of Investor Education at PassiveInvesting.com, Founder of AshWealth.com, and author of "Money for Tomorrow: How to Build and Protect Generational Wealth." Whitney is also a partner in over $800MM in real estate, including 6500+ residential units, 15 car washes, and 2200+ self-storage units across 11 states.
In this episode, we're discussing...
From Humble Beginnings to Real Estate Mogul: Whitney's journey from accidental landlord to a multi-million dollar real estate portfolio.
Multifamily Market Outlook: While multifamily remains a strong asset class, careful market selection is crucial due to current economic challenges.
Express Car Washes: A Shiny New Investment: The express car wash industry offers promising investment opportunities with its membership-based model.
Passive Investing Made Accessible: PassiveInvesting.com provides a platform for investors to access real estate opportunities.
Financial Foundation First: Whitney emphasizes the importance of building a strong financial foundation before investing.
Knowledge is Power: Understanding investment principles is key to making informed decisions, according to Whitney.
Resources from Whitney
LinkedIn | PassiveInvesting.com | AshWealth.com
Money for Tomorrow: How to Build and Protect Generational Wealth
Resources from Mike and Nichole
Gateway Private Equity Group | REI Words | Nic's guide
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Welcome back to another episode of The Richer Geek Podcast! Today, we're chatting with Shane Mishler, COO of SD Tech, reveals how outsourcing IT quadrupled his revenue in just 5 years. Learn how to supercharge your business, boost efficiency, and unlock massive growth. Plus, get insider tips on building a thriving tech business, delivering top-notch customer service, and expanding your MSP reach.
In this episode, we’re discussing…
Outsourcing IT Can Quadruple Revenue: Shane Mishler, COO of SD Tech, shares his experience of how outsourcing their IT team led to a 4x increase in revenue within 5 years.
Focus on Customer Service: Customer service is a core value at SD Tech. They believe in building strong relationships with their clients and prioritize addressing their emotional needs alongside technical problems.
Managed Service Provider (MSP): SD Tech is an MSP that offers IT support to small and medium-sized businesses. They handle everything from network management to cloud migration and troubleshooting technical issues.
SD Tech Franchise Opportunity: SD Tech recently launched a franchise program. This allows individuals to leverage their existing business development skills and SD Tech's proven model to establish their own IT support business.
No Prior Tech Experience Required: While some technical knowledge is helpful, SD Tech franchisees don't need to be experts. The ideal candidate is someone with strong sales experience and the ability to build relationships. Training and support are provided by SD Tech.
Resources from Shane
LinkedIn | SD Tech | 6 Tech Traps That Can Stop Your Start-up
Resources from Mike and Nichole
Gateway Private Equity Group | REI Words | Nic's guide
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Ever wish you could predict market movements? Today on The Richer Geek Podcast, we explore how AI can spot hidden signals in the market. Andrew Einhorn, Chief Executive Officer and co-founder of LevelFields, joins us to reveal how AI can identify events that impact stock prices. Learn how to leverage AI for smarter investing!
In this episode, we're discussing...
Introduction to LevelFields: Learn about Andrew Einhorn's journey from an epidemiologist to the CEO and co-founder of LevelFields, an AI-driven FinTech application designed to streamline investment research.
AI in Investment Research: Discover how LevelFields leverages AI to automate and simplify the process of investment research, enabling investors to identify opportunities quickly and efficiently.
Event-Driven Analysis: Understand how LevelFields focuses on event-driven analysis, monitoring US stocks 24/7 to find events that significantly impact share prices, while ignoring irrelevant noise and opinions.
Case Studies: Hear examples of how identifying events such as dividends, buybacks, and market trends can lead to significant investment opportunities, illustrated by real-world scenarios like the rise of coal companies during the Russia-Ukraine conflict.
Market Manipulation and Bias: Learn how LevelFields cuts through market manipulation and biased information, providing users with clear, data-driven insights that help them make informed decisions.
Future of AI in Investing: Explore the potential future applications of AI in the investment world and how it can make sophisticated financial strategies accessible to everyone, regardless of their level of expertise.
Resources from Andrew
LinkedIn | LevelFields AI
Resources from Mike and Nichole
Gateway Private Equity Group | REI Words | Nic's guide
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Welcome to another episode of The Richer Geek Podcast. Today, we are joined by Mark Murphy, CEO of Northeast Private Client Group and a renowned expert in financial planning and wealth management. He explains the importance of building multiple income streams and designing a life with intention. Discover the principles of cash confidence, the significance of investing in your money-making endeavors, and the importance of creating both paychecks and playchecks. Learn how an entrepreneurial mindset and strategic collaboration can transform your financial future. Plus, explore Mark's book, 'The Ultimate Investment,' and uncover the secrets to achieving financial freedom.
In this episode, we’re discussing:
Cash Confidence: Importance of maintaining liquid assets or reliable income streams to navigate financial challenges.
Money Machine: Investing in one's business to generate a significant return on investment.
Paychecks vs. Playchecks: Differentiating between income-generating assets and expendable assets for financial stability.
Entrepreneurial Mindset: Emphasizing strategic planning and financial engineering to create multi-generational wealth.
Collaboration Over Isolation: Working with a team of financial experts to optimize wealth management.
Transformational Language: Using impactful, memorable language to reinforce financial strategies and principles.
Invest in Yourself: Continual self-improvement and education to advance career and financial goals.
Diversified Asset Classes: Understanding the significance of various asset classes beyond traditional investments.
Resources from Mark
Email | Northeast Private Client Group | Contact number: 973-422-9140
Resources from Mike and Nichole
Gateway Private Equity Group | REI Words | Nic's guide
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Welcome back to another episode of The Richer Geek Podcast! Today, we have Byron Wolfe, founder of CFOAF, sharing unparalleled tax benefits and insider tips to help you master business financial principles. With Byron's expertise in hospitality real estate and real estate investment, you'll discover strategies to maximize your average return on investment and position your business for long-term success.
In this episode, we're discussing:
Understand common early business mistakes and how to avoid them
Leverage unmatched tax benefits to save your business money
Optimize your cash flow for better financial stability
Learn the importance of focusing on profitability
Maximize your average return on investment (ROI)
Implement strategic financial planning for sustained growth
Resources from Byron
LinkedIn | CFOAF
Resources from Mike and Nichole
Gateway Private Equity Group | REI Words | Nic's guide
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Welcome back to another episode of The Richer Geek Podcast! Today, we have Kim Daly, one of America’s top franchise consultants, host of Kim Daly TV on YouTube, author, speaker, thought leader, and franchising expert.Kim shares insights on how to break free from the corporate grind, the benefits of franchising, and how to find the right franchise. If you're stuck in your nine-to-five and dreaming of owning a franchise, this episode is for you.
In this episode, we're discussing...
Franchise vs. Entrepreneurship: Understanding the benefits of franchising, including systems, processes, and support that reduce the risk of failure compared to starting a business from scratch.
Importance of Leadership: The success of a franchise is heavily dependent on strong, experienced leadership within the franchise system.
Matching Process: Using a franchise consultant like Kim Daly to match your skills, goals, and lifestyle preferences with the right franchise opportunity.
Economic Resilience: How franchises can thrive during economic downturns due to strong leadership and adaptive business models.
Scalability: The importance of scalability in franchising to achieve financial success, often requiring multiple units or locations.
Predictable Revenue Models: Focusing on franchises with membership models for predictable and consistent revenue.
Resources from Kim
LinkedIn | The Daly Coach | Kim Daly TV
Resources from Mike and Nichole
Gateway Private Equity Group | REI Words | Nic's guide
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Welcome back to another episode of The Richer Geek Podcast. Joining us today is Anmol Singh, whose journey began at Brunel University in London, where he started his path to success. By the age of 22, he had already amassed a significant fortune. Anmol is a renowned consultant in the Trading and Investing Industry, having achieved great success through his firm, LiveTraders, established in 2015. Under his leadership, LiveTraders has earned the #1 spot in Trading Education for three consecutive years. With a rich history of leadership and appearances in Forbes and the International Business Times, Anmol continues to educate and inspire traders worldwide.
In this episode, we're discussing...
Start Young and Stay Curious: Anmol began his trading journey at 18, driven by curiosity about the stock market. His early start allowed him to accumulate knowledge and experience, emphasizing the importance of starting early and staying curious.
Importance of a Trading Plan: Anmol stresses the need for a well-defined trading plan, including entry and exit points. Trading without a plan often leads to emotional decisions and losses.
Understanding Market Volatility: Recognize that market volatility is normal and driven by human emotions of fear and greed. Long-term investors should avoid reacting to daily market fluctuations.
Diversification and Risk Management: Allocate the majority of your investments to stable, long-term options like the S&P 500, and keep a smaller portion for speculative ventures. This strategy balances potential high returns with safety.
Avoiding Emotional Trading: Emotional trading is a common pitfall. Having a predefined plan helps mitigate emotional decisions and keeps you on track with your investment goals.
Live Trading Transparency: Live Traders offers a unique educational experience by trading live, allowing students to learn from real-time successes and mistakes, fostering a realistic understanding of trading.
Resources from Anmol
Twitter | Instagram | Live Traders | Prepping for Success: 10 Keys for Making It in Life
Resources from Mike and Nichole
Gateway Private Equity Group | REI Words | Nic's guide
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Welcome to another episode of the Richer Geek Podcast! Today, we're joined by Nic DeAngelo, President of Saint Investment Group. Nic is a wealth of experience in real estate investing, having managed a portfolio exceeding $206 million. His insights into fixed income funds and triple net leases are invaluable for investors seeking stable and flexible investment options.
Nic also shares strategies for navigating economic uncertainty and leveraging AI in investment decisions. This cutting-edge knowledge will help you enhance your investment portfolio.
In this episode, we're discussing...
Institutional-Grade Real Estate Insights: Nic shares his experience managing over $200 million in assets, offering listeners valuable insights into institutional-grade real estate investments.
Understanding Fixed Income Funds: Discover the benefits of fixed income funds, especially for high earners and those looking for more stable and flexible investment options.
The Power of Triple Net Leases: Learn about the advantages of triple net leases for landlords and investors, including the structure and benefits of having high-credit tenants.
Navigating Economic Uncertainty: Nic discusses the impact of inflation, interest rates, and political factors on real estate investing, providing strategies to mitigate risks and leverage opportunities.
Utilizing AI in Investment Strategies: Explore how AI is transforming investment strategies, from underwriting to market predictions, and how it can enhance decision-making processes.
Resources from Nic
LinkedIn | Instagram | Saint Investment Group
Resources from Mike and Nichole
Gateway Private Equity Group | REI Words | Nic's guide
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Welcome to another episode of The Richer Geek Podcast! Today, we are thrilled to have Peter Curk, CEO of ICONOMI, a leading digital asset portfolio management platform. Peter shares his journey from marketing to leading ICONOMI. Tune in as we explore navigating the volatile world of cryptocurrencies, assessing your digital investments' health, and adopting strategies for long-term growth without getting lost in the hype.
In this episode, we’re discussing…
Introduction to ICONOMI: ICONOMI is a secure, FCA-registered digital asset portfolio management platform. Crypto Investment Strategies: Importance of choosing regulated and compliant platforms. The need for liquidity in the crypto market to avoid risks. Emphasizing long-term investment and avoiding emotional trading decisions. Bitcoin vs. Altcoins: Understanding the unique position of Bitcoin as a store of value versus the technological advancements of other cryptocurrencies. Practical Investment Advice: Set clear investment goals and strategies before investing. Implement automated profit-taking and stop-loss rules to manage volatility. Diversify investments within the crypto market, considering instruments like ETFs and liquid staking. Educational Resources: ICONOMI offers a rich learning section for beginners and professional traders alike.Resources from Peter
LinkedIn | ICONOMI
Resources from Mike and Nichole
Gateway Private Equity Group | REI Words | Nic's guide
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Confused by the crypto craze? Wondering about the legality of Bitcoin and other digital currencies? In this episode of The Richer Geek Podcast, we sit down with Dr. Tonya Evans, a law professor and expert on intellectual property.
She offers insights for curious investors interested in getting started with crypto safely and provides valuable resources for further education. Dr. Evans also discusses her book, "Digital Money Demystified," which aims to separate fact from fiction in the world of crypto and empower investors to make informed decisions.
In this episode, we discuss...
Understanding the basics of cryptocurrency and blockchain technology
Exploring safe strategies for crypto investment
Gaining insights into the legal and regulatory landscape of digital assets
Discovering valuable resources for crypto research and education
Learning how intellectual property (IP) intersects with the world of digital money
Resources from Dr. Evans
LinkedIn |Digital Money Demystified |Cryptokitties, Cryptography, and Copyright
Resources from Mike and Nichole
Gateway Private Equity Group | REI Words | Nic's guide
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Welcome to another episode of the Richer Geek Podcast! Join us as Mark Hebner, founder and CEO of Index Fund Advisors, Inc. (IFA), presents a comprehensive 12-step guide to mastering index fund investing. Explore the benefits of passive investing, pitfalls of active trading, and the significance of diversification and risk management. Gain insights on aligning your portfolio with long-term financial goals using Nobel Prize-winning research and practical advice to optimize your investment strategy. Ideal for individuals seeking to shift from speculation to education in their investment journey.
In this episode, we’re discussing…
Understanding Index Funds: Learn how passively managed index funds outperform speculative investments over time by optimizing risk-adjusted returns.
Investing Philosophy: Discover Mark Hebner's mission to replace speculation with education in investing, emphasizing the importance of benchmarking performance against index funds.
Risk Management: Gain insights into the Nobel Prize-winning research that shows diversification through index funds reduces risk while maintaining expected returns.
Challenges of Active Investing: Explore the pitfalls of active investing and day trading, likening it to gambling, and understand why a long-term, passive approach is more effective.
Role of Brokers: Uncover the tactics used by brokers that prioritize their earnings over client returns and why working with a fiduciary advisor is crucial.
Historical Performance: Understand the long-term performance of various indexes, including the S&P 500, small-cap, and value companies, and their implications for future returns.
Behavioral Finance: Recognize the psychological aspects of investing, including the addiction to trading and how to overcome it by adopting a structured, educated approach.
Practical Advice: Practical steps for investors to determine their risk tolerance and align their portfolio with long-term financial goals using index funds.
Resources from Mark
LinkedIn | Index Fund Advisors | Index Funds: The 12-Step Recovery Program for Active Investors
Resources from Mike and Nichole
Gateway Private Equity Group | REI Words | Nic's guide
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Welcome back to another episode of The Richer Geek Podcast! Today, we are joined by Paul Bianco, founder and CEO of Graphite, to discuss a recent change in tax regulations that could significantly impact software companies, especially those with a large engineering team. We'll explore the details of the new law, its potential consequences, and some potential strategies to mitigate the tax burden. We also explore the broader challenges faced by entrepreneurs in today's economic climate. Paul Bianco, formerly a Director at ff Venture Capital, brings his expertise to shed light on how this new regulation might impact your startup.
In this episode, we’re discussing…
Complexity of tax laws for startups
Importance of strong accounting team
New Regulation: Companies must amortize R&D employee salaries over 5 years (US) or 15 years (offshore).
Impact: This increases taxable income for software companies with high engineering costs.
Potential Mitigation: Consultation with tax accountants and R&D tax credits
Bonus Tip: Follow your gut instinct and prioritize attention to detail
Resources from Paul:
Email | Graphite | LinkedIn
Resources from Mike and Nichole:
Gateway Private Equity Group | REI Words | Nic's guide
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Welcome back to The Richer Geek Podcast! Today, we have a fan favorite returning: Brett Swarts, Founder of Capital Gains Tax Solutions, an exclusive Deferred Sales Trust Trustee, and host of the Capital Gains Tax Solutions podcast. In this episode, Brett shares insights into common strategies for handling taxes with real estate transactions, demystifies the workings of a deferred sales trust, and discusses who it’s a good fit for and who it’s not. Plus, learn about Brett's best-selling book "Building A Capital Gains Tax Exit Plan," which topped the charts on Amazon in the Real Estate Wealth categories.
In this episode, we’re discussing…
Overview of tax deferral landscape in 2024
Potential changes in tax laws and implications for investors
Understanding the role of Deferred Sales Trusts in wealth preservation
Exploring strategies for diversification and liquidity
Debunking myths and misconceptions surrounding tax deferral options
Case studies illustrating successful implementation of Deferred Sales Trusts
Combining 1031 exchanges with Deferred Sales Trusts for optimal results
Building a comprehensive capital gains tax exit plan for long-term wealth preservation
The significance of flexibility and freedom in tax planning strategies
Resources from Brett:
LinkedIn | Capital Gains Tax Solutions | Expert Tax Secrets
Building A Capital Gains Tax Exit Plan by Brett Swarts
Resources from Mike and Nichole:
Gateway Private Equity Group | REI Words | Nic's guide
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Welcome back to The Richard Geek Podcast. Today, I sit down with Michael Frew, a software engineer who pivoted his career to acquiring online SaaS companies. Frew discusses his journey from corporate burnout to becoming a successful entrepreneur who now enjoys the freedom of running his own portfolio of businesses.
In this episode, we're discussing...
Frew's transition from traditional software engineer to online business owner through acquisitions.
The benefits of acquiring established businesses compared to starting from scratch.
How to identify and target suitable businesses for acquisition.
Due diligence considerations for software acquisitions, including financial metrics and team expertise.
The concept of "buying momentum" and taking over operational businesses.
Warning signs to watch out for during the acquisition process, such as unrealistic profit margins.
Resources from Michael:
Michael Frew | LinkedIn
Resources from Mike and Nichole:
Gateway Private Equity Group | REI Words | Nic's guide
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Welcome back to The Richer Geek Podcast! Today we're joined by Taylor Loht, a real estate investor and host of the "Passive Wealth Strategy" podcast. Taylor specializes in multifamily and self-storage properties across markets like Dallas, Houston, and Atlanta. Through syndication, he raises capital for strategic property acquisitions, emphasizing value-add strategies to boost net operating income and property value.
In this episode, we’re discussing…
Taylor's Background
Graduated from college and initially moved into stock market investing, inspired by "The Intelligent Investor" by Benjamin Graham.
Shifted focus to real estate after recognizing the potential in property ownership.
Lessons from Taylor's First Syndication
Invested passively in two C class apartment complexes.
Faced challenges with property manager mismanagement and legal disputes.
Shift to Multifamily and Self Storage
Transitioned from C class to B class multifamily properties due to unexpected expenses in older properties.
Self Storage Investment
Seized opportunities to acquire and modernize facilities previously owned by older generation "mom and pops."
Key Terminology in Passive Investing
LP (Limited Partner): Passive investor with limited involvement and risk.
GP (General Partner): Active operator responsible for sourcing and managing deals.
506B vs 506C: Different SEC exemptions with distinct rules on advertising and investor qualifications.
Preferred Return: The initial return distributed to LPs before profit sharing.
Profit Split: Typically a 70/30 or 80/20 split between LPs and GPs after preferred return.
Resources from Taylor:
Instagram | Passive Wealth Strategy | NT Capital | Invest With Taylor
Resources from Mike and Nichole:
Gateway Private Equity Group | REI Words | Nic's guide
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