Wealth Independence Podcast
The Wealth Independence Podcast guides high-income tech professionals through proven strategies for building passive income and achieving true financial independence.
Hosts Dustin Bailey and Adam Penn share battle-tested frameworks, real-world case studies, and hard-won lessons from their years of experience in private markets and alternative investments. Each week, they break down complex investment concepts, analyze current market trends, and interview successful investors and industry experts.
Through a freedom-first approach that emphasizes passive income, smart diversification, and thorough due diligence, learn how to shorten your learning curve and avoid common pitfalls on their path to financial independence.
Whether you're looking to understand private placements, real estate fundamentals, or alternative investment opportunities, Wealth Independence delivers actionable insights that help busy professionals make informed investment decisions.
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Wealth Independence Podcast
v1.39 - Behind the Scenes of a 20-Unit Acquisition
Dustin and Adam go behind the scenes of a recent 20-unit multifamily acquisition, pulling back the curtain on what passive investors typically don’t see: the last-minute surprises, changing terms, capital raising challenges, and sponsor decision-making that happens right up until closing day.
The discussion covers the realities of working with local banks versus larger lenders, how unexpected insurance requirements can materially impact deal returns, and the importance of conservative expense estimates in underwriting. Adam shares how a $4,900 flood insurance surprise affected year-one cash flows and his approach to protecting investor returns through fee adjustments.
For passive investors, this episode demonstrates the value of working with experienced sponsors who can navigate these complexities while you enjoy the benefits of hands-off real estate investing.
Watch episode on YouTube: https://www.youtube.com/watch?v=kT3qQEdt-ro
See all Wealth Independence episodes at https://www.wealthindependencepod.com
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This show is for informational purposes only and is not financial, investment, legal, or tax advice, and does not constitute an offer to buy or sell securities. All investments carry risk, and investors should always conduct thorough due diligence and consult with qualified professionals before investing.
