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#48 The Mindset You Need To Succeed As An Investor with Randy Smith
Manage episode 437599386 series 3564559
Trevor Oldham द्वारा प्रदान की गई सामग्री. एपिसोड, ग्राफिक्स और पॉडकास्ट विवरण सहित सभी पॉडकास्ट सामग्री Trevor Oldham या उनके पॉडकास्ट प्लेटफ़ॉर्म पार्टनर द्वारा सीधे अपलोड और प्रदान की जाती है। यदि आपको लगता है कि कोई आपकी अनुमति के बिना आपके कॉपीराइट किए गए कार्य का उपयोग कर रहा है, तो आप यहां बताई गई प्रक्रिया का पालन कर सकते हैं https://hi.player.fm/legal।
In this episode, Randy Smith shares his journey in real estate investing, starting as a high-income W-2 salesperson and transitioning to passive investing. He discusses his experience with turnkey properties, the BRRRR strategy, and passive investing. Randy emphasizes the importance of due diligence when vetting operators and sponsors, including track record verification and analyzing assumptions. He also highlights the need for communication and transparency between investors and sponsors. Randy advises new investors to start small and gain experience by investing in multiple deals with different operators. He can be reached on LinkedIn or through his website, ImpactEquity.net.
In this episode, we'll cover:
- Start small and gain experience by investing in multiple deals with different operators.
- Perform thorough due diligence on operators and sponsors, including verifying track records and analyzing assumptions.
- Maintain open communication and transparency with investors.
- Diversify investments across asset classes and operators to mitigate risk.
- Investing in real estate offers the potential for higher returns and the benefit of investing in hard assets.
Click here for the show notes from today’s episode: podcastingyou.com/randy-smith
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