How To Generate Passive Income During This Crazy Bubble w/ Andrew Lanoie

Capitalism.com with Ryan Daniel Moran

Capitalism.com

Entrepreneur, Amazon, Lifestyledesign, Investing, Startup, Ryandanielmoran, Finance, Cashflow, Freedomfastlane, Lifestyle, Business, Passiveincome, Financialfreedom, Entrepreneurship

4.8 • 793 Ratings

🗓️ 30 April 2018

⏱️ 53 minutes

🔗️ Recording | iTunes | RSS

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Summary

Show Notes

Ryan had a great chat with real estate investor superstar Andrew Lanoie. He’s given us some great tips to generate passive income, and we thought you should know what they are. Let’s dive right in:

The mobile home market is really underrated

Andrew puts a lot of his focus on investing into mobile home communities. Investors hadn’t really looked into that market for a long time, and Andrew saw a great opportunity here. You should consider looking into it.

Entering into fragmented, underserved fields can lead to amazing scaling

Andrew said that the mobile home market is very fragmented. There hasn’t been a consolidation of businesses in the space into major owner/operators, and it’s only recently that large investors have been paying serious attention to the market.

Andrew is convinced that, if he plays his cards right and executes his plan well, he can become a major player in this space once it matures.

Work with people who know the asset class you’re interested in

Andrew is aware of investor excitement in other asset classes, such as cryptocurrencies. It does interest him, but he’s going all-in on his real estate niche. If he were to enter into another asset class, it would only distract him from the empire he is trying to create.

To ensure the best possible returns, Andrew works with a number of people who really understand the market, and focuses solely on his expertise in this space.

We hope you enjoyed listening to Andrew as much as Ryan enjoyed chatting with him!

Key takeaways:

The mobile home market is really underrated
Entering into fragmented, underserved fields can lead to amazing scaling, and
Work with people who know the asset class you’re interested in

Connect with Andrew

Learn more about Andrew at http://andrewlanoie.com/

Transcript

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0:00.0	There's a couple things that are going to happen.
0:01.7	There's going to be a correction, and who knows how severe it could be, but that potentially
0:07.1	resets some of these markets.
0:09.1	But you're also seeing markets like Austin, where it's like, can these prices get any more
0:14.5	expensive?
0:14.9	It's like the Bay Area.
0:15.8	Like, it's crazy.
0:17.0	So it could be an overall correction that happens, or it could be some of these bubbles around the
0:22.5	United States that we're seeing.
0:28.0	You're listening to Freedom Fastlane presented by Capitalism.com.
0:32.4	This is the show about building businesses and investing the profits so that you can live life on your terms.
0:40.1	And now your host, the future owner of the Cleveland Indians, Ryan Daniel Moran.
0:48.5	Hey, Fastlaners, Ryan Danger Pants Moran here. Welcome to Freedom Fast Lane. Hey, today I'm going to be talking with
0:56.7	Andrew Lanoi, which is an individual who has really kind of reshaped a lot of how I view investing
1:04.4	and cash flow. I've been very public on the podcast and on the blog about where I have invested some of the
1:13.9	capital that I received from a major exit that I had in 2017.
1:21.2	And I've also shared over the years the fact that I make my money in business and I invest it into places that give me predictable cash flow.
1:33.1	Ultimately, that's where I want to be.
1:35.1	I want to have that predictable cash flow, which is going to allow me to expand my lifestyle.
1:41.4	I think you might have experienced in the past as an entrepreneur that feeling of you
1:46.4	kill it sometimes and you don't kill it other times. But what ultimately makes you feel free
1:51.7	to live the lifestyle that you want is the predictable cash flow. And I have found that that comes
	...

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