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If you’re a passive investor this is an episode that you need to stick around for until the end. Will is a good friend of mine that I met at a conference and immediately knew his experience building a massive passive income portfolio would be invaluable to you at any stage of your passive investment journey.
In this episode we’ll go over red and green flags for investments and sponsors and how Will and his wife have ramped up their portfolio in just a short period of time.
Key Points
[0:56-04:34]Topic 1: Will's journey to becoming a full-time passive investor Key points:
- Will and his wife initially planned to have military careers but got into real estate after buying a house during their first duty assignment.
- They started by renting out their first property and buying another one at their next assignment, gradually accumulating more properties.
- They transitioned from being landlords to getting involved in private lending, starting with small projects and gradually increasing the amounts.
[05:29-10:35]Topic 2: Starting small versus jumping into larger deals Key points:
- While Will would choose to start with a bigger deal if he could go back in time, he believes it's important for most people to have at least one or two small investments in the beginning for comfort and understanding of the process.
- Starting small allows investors to gain trust in the process and the people they're investing with.
- Will advises considering the timing and purpose of the investment when deciding between smaller or larger deals.
[7:05 - 12:56]Topic 3: Exciting deals and the importance of liquidity Key points:
- Will discusses a syndication he's involved in, where dilapidated single-family houses are demolished and replaced with small multifamily developments, providing good returns.
- Liquidity is an important factor to consider when investing, as some projects can lock up funds for longer periods of time .
- Flexibility and trust in the operator are crucial when navigating investment projects with varying timelines .