4.4 • 716 Ratings
🗓️ 19 May 2025
⏱️ 47 minutes
🧾️ Download transcript
In this week’s episode of the Millionaire Mindcast, Matty A sits down with Randy Smith, the powerhouse behind Impact Equity. Once a full-time W-2 employee in the corporate world, Randy has now built a thriving portfolio of over 20 passive investments and is helping others follow a similar path.
They discuss:
How he discovered the power of real estate syndications
The critical mistakes new passive investors should avoid
Keys to vetting sponsors, teams, and deals
Investing across different asset classes for true diversification
What’s ahead in the 2024 investing market
Why cash flow, tax benefits, and scalability are game changers
Whether you're new to passive investing or looking to scale, this episode offers a goldmine of insights from someone who's walked the path and now helps others do the same.
Connect with Randy Smith:
Website: http://www.impactequity.net
LinkedIn: https://www.linkedin.com/in/randallmsmith/
Instagram: https://www.instagram.com/randysmithinvestor/
Facebook: https://www.facebook.com/randysmith637
Episode Sponsored By:
Discover Financial Millionaire Mindcast Shop: Buy the Rich Life Planner and Get the Wealth-Building Bundle for FREE! Visit: https://shop.millionairemindcast.com/
CRE MASTERMIND: Visit myfirst50k.com and submit your application to join!
FREE CRE Crash Course: Text “FREE” to 844-447-1555
FREE Financial X-Ray: Text "XRAY" to 844-447-1555
Click on a timestamp to play from that location
0:00.0 | What's going on, guys? |
0:11.0 | Welcome into today's show. |
0:12.4 | We've got Randy Smith of Impact Equity, who's going to break down his fund of fund |
0:18.1 | models. |
0:18.8 | Being that so many people struggle with raising capital and finding a way |
0:24.1 | to eliminate the concern around how you're going to get all the money necessary to get your |
0:30.1 | real estate investments across the finish line this is going to be a very impactful episode |
0:34.5 | that talks about one his experience as a limited partner in 25 different |
0:39.4 | deals, all of the dues and don'ts, the things that you should be doing due diligence on, |
0:44.2 | not only on the deal level, but on the person that you're investing with, some of the red flags, |
0:49.0 | his checklist. We talk about the different asset classes and strategies that his fund invests in. |
0:55.4 | And ultimately, what some of the big mistakes are that he sees people who are trying to raise |
0:59.9 | capital for their deals doing and what the ones who are doing it successfully are doing. |
1:03.9 | So an overall great episode for anybody that is investing in real estate that's looking to raise money and do it strategically |
1:12.8 | through partnerships, through funds, through syndications, some great wisdom and |
1:17.5 | insights from Mr. Randy Smith. So without further ado, let's dive into today's episode. |
1:23.2 | Let's take a quick break in here from today's show sponsor. |
1:28.4 | If you got into real estate to build wealth and gain financial freedom, but unlike most |
1:32.5 | investors, you're just stuck in the grind. |
1:34.7 | Maybe you're wholesaling or flipping houses, you're managing rentals that are barely cash flowing. |
1:38.9 | Then listen up. |
1:39.4 | I've been there. |
... |
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