Is Real Estate Syndication Worth Your Time?

Jake & Gino: Real Estate Investing & Multifamily

Jake & Gino

Smartinvesting, Buyingrealestate, Investing, Multifamilyrealestateinvesting, Business, Investingsmart, Apartmentinvesting, Management, Makingmoney, Realestateinvesting, Cashflow, Jakeandgino, Realestateinvestment, Commercialrealestateinvesting, Buyingapartmentbuildings, Entrepreneurship

4.9 • 842 Ratings

🗓️ 27 August 2021

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

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Summary

Mike Taravella and Interviews Ryan Daigle of Flywheel Equity. Key Information: Understand what your goals are to know what type of investing you should be doing. It may not be syndications! Make sure you know what the IRR truly means and know if that is the metric you should be looking at. There is a lot more to a deal that what the projections are as your projections change month one. Understand the quality of the deal and why you are investing in that asset class. Communication with your LPs should have different levels. Have options for more granular details and other options for basic information. Think, a Slack channel vs email. Test your theories with your own money and effort. Then take on investors and grow at a larger scale. Ryan is working this effort on his 5 cabin AirBnB! Pro tip: Don’t get star struck by return projections. Understand what you are investing in on a deeper level. Contact Information: https://flywheeleq.com https://hotspringslogcabins.com To register to invest with us: https://jandg.activehosted.com/f/58 Rand CRE’s Facebook: https://www.facebook.com/randcre Rand CRE’s Linkedin: https://www.linkedin.com/company/randcre Rand CRE’s Instagram: https://www.instagram.com/randcre

Transcript

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0:00.0	Welcome to the RANCRE show commercial real estate with no stone left unturned.
0:10.0	Hey everyone, welcome to the RANDCRE show. I'm your host Mike Tarvella and today I'm super excited to have our guest Ryan Daigle.
0:18.6	Ryan is a 20-year vet of the software industry. He is one of the
0:23.2	true real estate investors that I support, and he's super amazing on all of his platforms
0:28.8	of showcasing the tried and true stories of what a pay in the life of a real estate investor is.
0:34.3	He is the principal of flywheel equity. He's been a part of 700 units as an LP 80 as a GP
0:42.0	just closed on an Airbnb in North Carolina does a little bit of everything but has a
0:47.6	good time doing it welcome to the show Ryan how's it going today thanks for having me
0:52.3	Mike things are going really well today. How are you?
0:54.7	Just living the dream one day at a time. There we go. But yeah, I think, Ryan, I think one thing
1:00.8	that I think you do a phenomenal job, like I said, with your content on Twitter, LinkedIn,
1:06.6	it's just like being real with investors. And I think one of your main points that you say is that
1:12.0	syndications can be overrated. And I just want to kind of leave it at that and see kind of the
1:17.1	rabbit holes we go down because I think it's a very interesting point that not many people agree with.
1:23.5	Yeah. Well, I mean, in general, I like to be somewhat contrary and not for the sake of, you know, stirring things up or generating clicks or leads or anything like that. But just, you know, when I enter into a space and I have this kind of beginner's mindset, I like to remember what I realized about the industry or about the ways of doing things that didn't seem to make a lot of
1:45.7	sense. And so when I see a lot of people doing the same things, talking about the same things,
1:50.9	it's a clue to me that maybe there's a lot of group think going on or maybe people are kind of
1:57.1	being funneled into the same strategy approach, whatever, and it's really,
2:02.1	it's a good time to kind of take a step back and say, what's going on here?
2:05.8	Why is everybody doing the same thing?
2:07.5	Are there better alternatives?
2:09.3	So, you know, when I first got into multifamily several years ago, I thought syndications
	...

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