Welcome to The Legacy Wealth Podcast where we help accredited business owners become educated & get access to, private investments that the wealthiest investors in the world utilize to grow their net worth. We do this by providing insight & access to successful fund managers & investors across multiple asset classes.

I am your host, Pascal Wagner, and today I am interviewing Jay Bourgana, Founder of Foresight Partners and we're diving into:
- How to best understand the market?
- How can you maximize the cash flow?
- And how to overcome the fear of investing in your first deal?

With that said, let’s get to it!

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Links from this episode:
If you're looking for highly vetted opportunities to invest in, get access to our deal database of alternative investments & join our investor club at www.getfundbase.com.
Watch the show on YouTube here: https://youtu.be/SPQPJkqqhB0

About Jay Bourgana:
Jay Bourgana is a veteran management consultant turned business owner.

He started the Homearly Real Estate Group which, grew from $0 to $350M in residential real estate sales in 4 years, facilitating over 5000 real estate transactions and subsequently sold to the $7 billion First Team Real Estate in 2018.

And now Jay is the founder of Foresight Partners, a private equity company committed to turning good businesses into exceptional ones.

He lives in Oahu, Hawaii with his wife & 2 kids and he has invested over $X as an LP.

Links from our Guest:
- https://www.linkedin.com/in/jay-bourgana-519a7865/
- https://www.instagram.com/jbourgana/
- https://twitter.com/JayBourgana?s=20

Time Stamps:
00:00 - Intro
02:01 - Jay's first investments
03:30 - Jay discusses the options of selling the business or finding a partner for liquidity to invest in other ventures.
05:24 - Jay's investment strategy
08:41 - Jay's approach of learning from experienced investors and piggybacking on their knowledge and recommendations.
12:07 - The significance of understanding the business plan and projections of the operator
14:25 - The importance of diversification and investing in multiple deals and operators
13:17 - Market conditions and trends for rental growth and interest rates
16:30 - Jay's experience adapting to different industries.
17:15 - The importance of understanding investment strategies
21:30 - The increased risk in value-add deals due to market conditions
23:00 - Jay's interest in building his own fund for service businesses
24:45 - Jay Bourgana explains the typical financial performance and returns of service business deals.
25:45 - Having contacts in the space and suggests looking up small middle-market private equity funds
26:28 - How a deal went sideways
32:48 - The need to break down the investment process and avoid skipping due diligence
33:26 - Understanding the market involves analyzing population growth, income growth, and the drivers behind these changes.
35:58 - Outro