In this episode, Steve Davis shares about his experience from his career to his educational dissatisfaction in the military. He also shares how he got into real estate and how he was always hustling for the next deal and eventually transitioned to become a more passive investor. Stephen also talks about the common misconceptions related to passive investing and how to overcome them and be a successful passive investor

[00:01 - 07:31] Opening Segment

Steve shares about his background in the military and how he transitioned to real estate

Having a realization to take real estate seriously 

From real estate investor to teaching others how to besmart investors in real estate

 

[07:32 - 13:43] Wholesaling, Flipping and Taxes

Wholesaling and flipping are earned income 

Wholesaling and flipping takes up alot of your time but has little return on investment

Benefits of having hindsight on a deal 

[13:44 -19:17] Being Principally Centered 

Don’t be threatened by other syndicators 

Maintaining a well balanced life 

Having a abundance mentality 

Know what you want to get out of the deal 

 

[19:18 -24:21] Misconceptions in Passive Investing 

Cash flow you get quarterly is relatively low 

Not everyone can become a passive investor

You need to be sophisticated or accredited 

Importance of being educated in the real estate space 

 

[24:22 - 33:40] Closing Segment

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What is the best investment you've ever made other than your education?First 10 unit apartment complex

Steve Davis’s worst investments The same first 10 unit apartment complex 

What is the most important lesson you’ve learned in business and investing? Happiness equaled teaching, not running the apartments.

Connect with Steve Davis:

Website:https://totalwealthacademy.com/

Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/

Participate directly in real estate investment loans on a fractional basis. Go to www.passivewealthstrategy.com/groundfloor/ and get ready to invest on your own terms.

Join our Passive Investor Club for access to passive commercial real estate investment opportunities.

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Tweetable Quotes:

“But if you were to ask me what I think the biggest misconception is [about passive investing]. Anybody can passively invest. That's not true. You've got to either be sophisticated or accredited.” -Steve Davis