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The Best Ever CRE Show

JF2632: The Key to Low-Stress, Passive Income with Randy Smith

The Best Ever CRE Show

Best Ever CRE

Business, Investing, Entrepreneurship

4.7996 Ratings

🗓️ 16 November 2021

⏱️ 25 minutes

🧾️ Download transcript

Summary

When Randy Smith started his investing journey, he thought single family, turnkey homes would help reach his goals of passive income. That’s until 1 year ago when he realized multifamily and limited partnerships were the key to low-stress income. Today, Randy is talking about the main questions he asks during his due diligence process, what surprised him about passive investing, and the biggest reason he decided to make the switch.   Randy Smith  Real Estate Background: Manager of Business Development for a Fortune 100 financial services company Currently passively investing as an LP in 6 different syndications including multifamily and a mobile home fund (Portfolio consists of rentals in Atlanta and Kansas City including 2 turnkey units and 3 BRRRR units) Based in Phoenix, AZ Say hi to him at: https://www.linkedin.com/in/randallmsmith/ Best Ever Book: Lifestyle Investor by Justin Donald    Click here to know more about our sponsors: Deal Maker Mentoring | PassiveInvesting.com | FollowUp Boss Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Did you know that within a decade women will hold $30 trillion in investable assets?

0:05.3

Yet somehow only 19% of women reported feeling confident in selecting investments that align

0:11.0

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0:23.0

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0:27.0

It's a transformational experience focused on real estate investing,

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0:35.5

control of their financial futures. Gain the knowledge and skills you need to grow

0:40.0

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0:48.0

To learn more and to get your tickets, visit InvestHERCON.com today and use the code 100 best ever to get $100 off your ticket.

0:56.6

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1:00.6

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1:05.0

Maybe year one, you're going to get one or two or three percent returns on your money.

1:10.3

You start to see better returns in year two and three and depending on how long it takes to go full cycle.

1:15.5

That's when you see the big jump on the back end.

1:17.6

Quick disclaimer, the views and opinions expressed in this podcast are provided for informational purposes only and should not be

1:24.1

construed as an offer to buy or sell any securities or to make or consider any

1:29.1

investment or course of action for more information go to best ever show.

1:33.7

Come best ever listeners how you doing welcome to the best real estate investing

1:37.8

advice ever show I'm Joe Ferreless this is the world's longest running daily

1:41.3

real estate investing podcast.

1:42.8

We only talk about the best advice ever.

1:44.6

We don't get into any of fluffy stuff with us today.

...

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