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6. Truly Passive Income: Investing in Real Estate Syndications ft. Randy Smith
Great insights
- “I’ve got some very strong opinions about 401ks: I don’t think it’s the best place to put your capital as a high W2 income earner. The challenge with 401ks is that if you were to get the call about the layoff, the 401k sitting out there does you no good whatsoever, unless you’re willing to pay very, very hefty taxes and very, very hefty penalties in order to get access to those dollars.“
- “Single family investing by nature you’re not making a lot of money on those unless you’re getting good appreciation. We were of the mindset that if we underwrote them for $100 or $200 a month (cashflow) then we were very pleased that we were getting that. And when you’re a guy that’s making $250 to $300 an hour, every hour that you’re spending working on these (single families) is really having a negative impact on your pocketbook.”
- “When I got into turnkey and BRRR strategies I thought that was passive and it was anything but passive. When you’re spending tens of hours per month on these deals, that is not passive. Passive income by definition means you find an operator that is doing some type of business plan whether it’s apartment, self-storage, office, retail…and true passive income is investing in those operators and allowing them to go out and buy whatever it is that they do, and you sit on the sidelines and literally get checks or ACH every single month.”
Randy Smith
Randy Smith is the Founder of Impact Equity which was formed to help investors achieve strong results in their passive real estate investing strategies. Randy and Impact Equity have helped more than 75 investors place over $5M across three operators and eight different opportunities since launching in June of 2022.
Randy started his real estate investing career doing out of state, single-family, long term rentals, and he quickly realized the many additional benefits he could receive by switching his strategy to passively investing in multifamily syndications. Randy has now invested in 23 different passive investments with 9 different operators which gives him the unique knowledge and expertise to recognize a strong passive opportunity.
Randy currently resides in Peoria, Arizona with his wife Jenny, and he spent 25 years working in various business development and leadership roles in Corporate America.
Get in touch w/Randy
- www.impactequity.net
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For more insights and content to accelerate your real estate success, join our free newsletter at follow this link: pixelsandproperties.beehiiv.com
About Pixels & Properties:
Welcome to Pixels and Properties - the only platform for busy, high-caliber tech professionals seeking financial transformation through real estate ventures. Subscribe to our complementary newsletter through the show notes to receive weekly deep dives, expert insights, and resources to accelerate your investment journey without buying yourself another job. Ready to build wealth on your terms? Let's get started.
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By Welcome to Pixels and Properties - the only platform for busy, high-caliber tech professionals seeking financial transformation through real estate venturesGreat insights
- “I’ve got some very strong opinions about 401ks: I don’t think it’s the best place to put your capital as a high W2 income earner. The challenge with 401ks is that if you were to get the call about the layoff, the 401k sitting out there does you no good whatsoever, unless you’re willing to pay very, very hefty taxes and very, very hefty penalties in order to get access to those dollars.“
- “Single family investing by nature you’re not making a lot of money on those unless you’re getting good appreciation. We were of the mindset that if we underwrote them for $100 or $200 a month (cashflow) then we were very pleased that we were getting that. And when you’re a guy that’s making $250 to $300 an hour, every hour that you’re spending working on these (single families) is really having a negative impact on your pocketbook.”
- “When I got into turnkey and BRRR strategies I thought that was passive and it was anything but passive. When you’re spending tens of hours per month on these deals, that is not passive. Passive income by definition means you find an operator that is doing some type of business plan whether it’s apartment, self-storage, office, retail…and true passive income is investing in those operators and allowing them to go out and buy whatever it is that they do, and you sit on the sidelines and literally get checks or ACH every single month.”
Randy Smith
Randy Smith is the Founder of Impact Equity which was formed to help investors achieve strong results in their passive real estate investing strategies. Randy and Impact Equity have helped more than 75 investors place over $5M across three operators and eight different opportunities since launching in June of 2022.
Randy started his real estate investing career doing out of state, single-family, long term rentals, and he quickly realized the many additional benefits he could receive by switching his strategy to passively investing in multifamily syndications. Randy has now invested in 23 different passive investments with 9 different operators which gives him the unique knowledge and expertise to recognize a strong passive opportunity.
Randy currently resides in Peoria, Arizona with his wife Jenny, and he spent 25 years working in various business development and leadership roles in Corporate America.
Get in touch w/Randy
- www.impactequity.net
---
For more insights and content to accelerate your real estate success, join our free newsletter at follow this link: pixelsandproperties.beehiiv.com
About Pixels & Properties:
Welcome to Pixels and Properties - the only platform for busy, high-caliber tech professionals seeking financial transformation through real estate ventures. Subscribe to our complementary newsletter through the show notes to receive weekly deep dives, expert insights, and resources to accelerate your investment journey without buying yourself another job. Ready to build wealth on your terms? Let's get started.