How To Become A Seasoned Passive Investor

Prosperity Through Multifamily Real Estate Investing

Spencer Hilligoss is a passive real estate investor, multifamily co-sponsor and former technology leader. His company, Madison Investing, has co-sponsored deals totaling more than 4000 units for more than $500M. Spencer invests in syndications as an LP and actively leads Madison Investing alongside his Co-founder/Wife - Jennifer Morimoto.

For today’s episode we will cover:

[00:00 - 8:06] Opening Segment.

• How Spencer started in real estate by 6 years old.
• Why Real estate is part of a holistic journey.
• The perfect time to learn about real estate investing.

[8:06 - 13:29] How to get more people to invest in you.

• What is Private Direct Real estate?
• You should always present data to heavily educated people.

[13:29 - 19:19] The realization that something is scalable.

• When your plans need some tweaking.
• The moment of taking the business to the next level.
• The importance of outsourcing tasks.

[19:19 - 24:46] How to get started as a passive investor.

• The operator, the market, and the deal.
• Why the operator is the most important thing among the three.

[24:46 - 34:00] The Market and the deal.

• Doubling down on the importance of having a back up plan.
• Looking for the areas that will keep growing.
• Focusing on the sub-market.
• The importance of the year one cash flow.
• Criteria on investment returns and cash flow.

[34:00 - 39:33] Crash course on what the multi-family classes are.

• What are the different classes ( A,B,C )
• Why B is the best class to invest in.
• The challenges of C class properties.

[39:33 - 43:42] Types of Communication that you should get from an operator.

• Why frequent communication is key.
• The metrics that you should track often.
• The importance of transparency with your clients.

[43:42 - 46:54] The active side of Real estate.

• The hard truth and the reflection that comes after.
• Changing plans in the middle of the journey.

[46:54 - 56:13] Closing segment

• Why coaching is better than listening to podcasts.
• Why learning doesn’t stop.
• The benefits of being part of a mastermind.

Tweetable Quotes:

Experience is just irreplaceable. - Spencer Hilligoss

A lot of times people think that they get to a certain plateau or a certain level, and that they don’t need to learn anymore. That’s a dangerous place to be. - Spencer Hilligoss

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