A Simple but Effective Way To Invest Passively

In this episode of The AZREIA Show, host Marcus Maloney and co-host Mike Del Prete sit down with special guest Randy Smith, founder of Impact Equity LLC.  They discuss Randy's transition from corporate life to entrepreneurship, as well as the topics of capital raising and syndication. Randy shares his insights on investing in real estate and offers valuable advice for passive investors.  If you're looking to learn more about building wealth through real estate, this episode is a must-listen. Don't forget to leave us a five-star review and let us know your thoughts! Key Takeaways:  00:00:36 - Randy's Corporate Background 00:01:18 - 401k and Retirement Realities 00:02:39 - Transition from Corporate to Real Estate 00:03:47 - First Real Estate Investment Experience 00:04:29 - Importance of Spousal Support in Investing 00:05:27 - Lessons from Initial Investments 00:06:05 - The Reality of Turnkey Investments 00:07:21 - Due Diligence on Turnkey Providers 00:08:19 - Learning from Investment Mistakes 00:09:28 - Transition to BRRRR Strategy 00:10:12 - Family Dynamics and Financial Decisions 00:11:52 - Referrals and Due Diligence 00:12:25 - Scaling Up to Multifamily Investments 00:14:05 - Financial Stability and Layoff Experience 00:15:00 - Laid Off and Next Steps 00:17:01 - Financial Prudence and Dave Ramsey 00:17:44 - Hedge Against Job Loss with Real Estate 00:18:37 - From Single Family to Multifamily Syndication 00:20:32 - Syndication Model and Passive Investing 00:23:51 - Raising Capital and Finding Operators 00:26:03 - The Fund Model and Investor Protection 00:27:40 - Identifying Strengths in Real Estate 00:28:09 - Vetting and Trusting Operators 00:30:03 - Future Plans and Contact Information Connect with Randy Smith at: Facebook: @ImpactEquityLLC Instagram: @randysmithinvestor  ---- The Arizona Real Estate Investors Association provides its members the education, market information, support, and networking opportunities that will further the member’s ability to successfully invest in Real Estate. Join AZREIA here. Is a Career in Real Estate Right For You? Take AZREIA's Real Estate Investing Entrepreneurial Self-Assessment at  👉 https://azreia.org/entrepreneurial-self-assessment Azreia Real Estate Investing Entrepreneurial Self Assessment Who is it for? ☑️ Anyone who wants to know if Real Estate Investing is right for them BEFORE spending time or money on education and training. ☑️ Everyone new to Real Estate Investing Our Entrepreneurial Self Assessment is designed for you to understand if Real Estate Investing is right for you and if so, you are best suited for active or passive investing. AZREIA membership is a community consisting of independent real estate investors who invest in:  🏡 SINGLE FAMILY 🏙 SMALL MULTI-FAMILY 🏡WHOLESALERS ✍️ NOTES Educational opportunities are plentiful and delivered through AZREIA’s own education program and in collaboration with outside education providers. 🎓AZREIA’s Core Education Classes are specifically designed for new investors to develop their critical skills quickly and effectively. 🎓Our strategy classes are provided through AZREIA and others and deliver an advanced level of knowledge. Join the Deal Finders Club here Deal Finders Club is a thriving real estate community "Where Deals Get Done", we train community members on these core skills...Marketing, Sales, Negotiations, Comping, Writing Offers, Locking Up Contracts, and so much more. Discover:  https://ebooks.azreia.org/library https://ebooks.azreia.org/ideal https://ebooks.azreia.org/fix_and_flipping https://ebooks.azreia.org/note_investing https://ebooks.azreia.org/landlording https://ebooks.azreia.org/wholesaling_real_estate https://ebooks.azreia.org/property_scouting https://ebooks.azreia.org/house_hacking Join our conversation at: Facebook:  https://www.facebook.com/azreia Twitter: https://twitter.com/azreia?lang=en Instagram: https://www.instagram.com/arizona_reia/ Linkedin: https://bit.ly/3vKMnrR Website: https://azreia.org/