Posted almost 3 years ago

Have I Found the Holy Grail of Passive Real Estate Investing?

Normal 1459917645 Holy Grail

Alright call me lazy (or busy), but since starting out in REI, my focus has always been on relatively passive investments. This has included private lending to rehabbers and purchasing turnkey residential rental properties for my own portfolio. The latter has let me earn good cash flow while taking advantage of tax benefits and the like, but it has not been without a good deal of stress and worry. 

Of the two, the lending is by far more passive, but it is usually over a short time frame and carries none of the benefits of actually owning real estate, and in fact is not really an investment at all. The ROI of owning property has definitely been higher then the lending, while the lending offered lower risk (given a low risk reliable partner to lend to) and peace of mind.

Late last year, I came across a crowdfunding platform that seemed to offer the benefits of both strategies, ownership in rentals and very passive low stress investment with excellent returns. It also had additional benefits not inherent to either of these other strategies – instant diversification with even a small investment and interests that are nearly totally aligned with the Managers. I had looked at a number of crowdfunding platforms before and this one stood out as entirely unique. Further it did not require being an accredited investor, but still operates under SEC regulations.

After doing my due diligence on the company, the properties they were holding in their portfolios, and the principals involved, I decided to make an initial investment from my self-directed retirement funds (Solo 401k in my case, but SDIRA would work as well) in what is a portfolio of 10 rentals that the company already owns. My investment actually bought a small percentage of an LLC that holds that portfolio, and my solo 401k is a silent partner in the LLC, along with any number of other investors. 

The managing partners hold a 30% stake on returns in that portfolio, and thus they are highly motivated to manage the properties effectively for the best returns. Other portfolios they are opening or have opened they may retain as little as a 20-25% stake, which is still substantial.

The projected returns are 9-11% cash flow from rental income alone, with an overall IRR after a 3-5 year exit strategy projected to be 16-20%. That’s pretty hard to beat for anything nearly as passive and as diversified as this. And the entry points are very low, generally starting at $10,000, although I invested considerably more. So far, and I have only seen two quarterly reports, but the cash flow has been at the top or even a little better than the projections on this portfolio, and the rest of this year looks on track to beat it. 

Now granted, the IRR figure is considerably more speculative and largely dependent on successfully implementing their as yet untested exit strategies – of which they have several possible ones, including selling the portfolio in whole or part and cash out refinancing. Still, given that these properties are all in at less than 65% of estimated full market value (FMV), I view their chances of success pretty high.

No investment is without risks and potential downsides. Some that have come up for me is that the company is very young, and has a short track record having just launched their first public portfolio in 2015. 

The model is new, so long term performance and how it plays out is simply unknown. Although each portfolio diversifies an investment over 10 properties, and I can diversify my investments over multiple portfolios, they are currently operating in a single city, which carries its own risks of concentration from economic shock. 

How they manage and handle growth and scaling up can be critical to the long term viability and performance of the company as whole and thus what happens to each of the portfolios.

In early March I met with the principles and toured the neighborhoods they are investing, as well as some of the homes. I came away very impressed and most of the risk concerns I had were ameliorated to at least some extent. Young as they are, the partners struck me as savvy with a deep understanding of their local real estate market. 

They are continuing to improve the model and their crowdfunding platform. They are making good use of legal and other professionals who have deep knowledge in crowdfunding and/or real estate. They plan to add a second city before the end of the year, and eventually spread the model elsewhere as well. 

Finally they seem very focused on “organic growth” and not speeding up the model faster than they can obtain and manage well the right properties at the right prices. I hope they stick to that.

I am actually very keen on this investment strategy. I plan on making it a very significant part of my REI portfolio over time by investing in multiple portfolios, and probably not just from retirement funds. I have already reserved to make an investment in the next portfolio they are opening, which pre-funded weeks ago by interested investors. Then we will see, just maybe that Holy Grail of passive investing is within my grasp. 

Read my Performance Update in Part 2



Comments (202)

  1. Thank you so much Larry for this article. This sounds like something I want to explore further. Please PM me the name of the company. Appreciate it.


  2. Great article Larry.  I'm interested in learning more about the company you are using to get these returns.  Could you PM me the name of the company?  Thanks!


    1. Thanks @Adam Keffer! I will PM you that info.  If you haven't already be sure to read Parts 2-4 of this series, as it will give you a much bigger picture of the performance and changes.


  3. Thanks for the great write up Larry! I have been reading a lot about these lately. As I am currently overseas a majority of the time this seems like a good bet for me. Can you PM me the company? Thanks.


    1. You bet, @Robert Woestman.  Be sure to read my other 3 parts of this series if you want to get a more complete picture.


  4. Hi @Larry F.,

    Great article! My wife and I are new investors in the Indianapolis area, and I’ve got the same question as everyone else; will you please PM me the name of the company? This sounds like a great way to diversify exposure to some of the various areas in and around Indianapolis. 

    Thanks,

    Eric


    1. @Eric Dunnivant Thank you for reading.  I will PM you the info you requested.  There are actually 3 more parts to what has grown into a multiple year series of articles, which I would encourage you to read.  It will give you a much greater sense of the arc of the company, how it has changed over time, additional investments I've made with them, and how those have performed, as I have been doing quarterly updates. (Part 2)  (Part 3)  (Part 4)


  5. Very cool article and very interesting, Could you PM me the name of the company as well? Thanks Larry!


    1. Thank you, @Josh Fabrizio. I sent you a PM.


  6. Hi Larry, Just read your article and would like to learn more. Could you pm me the company you are using as well? Thanks


    1. Will do, @Jin Zhang.  Thanks for reading.


  7. I am new to BP. I just read your very good helpful article. I appreciate your information.

    How are you doing with your investment?

    Can you please send me, PM information re your three investments companies for turnkey, lending and crowdsource REI?

    I am Pro member but I am not sure how to PM in the forum. 

    Thanks. 

    Florentina. 


  8. Hi Larry, I'm currently researching these platforms and would love a PM with this company name as well.

    Thanks,

    Greg Junge


    1. Sure @Greg Junge, I sent you a PM with that info.


  9. Hi Larry - can you PM me the company info? I have read the 4 parts and am intrigued


    1. Thank you for reading @Justin Peverini! I went ahead and sent you a PM with that info.


  10. Hi Larry,

    I'd love to know the company if you could PM me. Thanks!

    Dan


    1. Sure @Dan V., I have sent you the PM!


  11. Hi Larry,

    very informative post. Can you please share the contact info of the company. 

    Thanks.


    1. @Ruchir Nishkam I will go ahead and PM you that info.  And if you haven't already, please be sure to read the other 3 parts in this series to get all my updates.  Thanks for reading.


  12. Hey Larry, can you PM me the company name. Thanks!


    1. Will do @Leon Li


  13. Larry v interesting read. Can you PM me the company name as well .

    Thank you 


    1. Hi Larry:  Could you please PM me the name of the company?  Thanks!

      Ruth


      1. Will do @Ruth Paik!


  14. Hi Larry. New to BP and loving it! Stumbled upon your series of articles and found it very interesting. Thank you for sharing! Can you send the name of the company please? 


    1. Thank you, Pat for reading the articles.  I sent you a PM with that info.


  15. Hello Larry, could you please send me the company's name.  Thanks


    1. I PM'd that info to you @Fabiola Lough


  16. Hi Larry! 

    Amazing post and thank you for sharing this. When you have a moment can you please send me the name of the company? 

    Thanks! 


    1. @Jameel Jason I sent you a PM via colleague request.  Please let me know you got it OK.


  17. Can you please send me the company name?


    1. Sure @Jignesh Shah I just sent you a PM with that info.


  18. hi Larry.. like the article and intrigued. Please send name if the company to review.  Also, any ideas of a strong reputable turnkey company that can work in good markets across the us? I'm in NC and not a good rental market here. 


    1. Hi @Anna Stratton I will send you a PM via colleague request.


  19. Hi Larry, thank you for your insightful post. Can you PM me about the company's name that you are investing please. I appreciate your time.


  20. Thanks for sharing! Very interesting post @Larry Fried. Would you mind sending me the name of the company?


    1. Thank you, Andrew.  Hopefully you also read Part 2 of this blog for the update.  I accepted your colleague request and sent you that info.


  21. Great post @Larry Fried and thank you. I am looking to put my SD 401k to use and would like to look into this turnkey solution. Please PM me the company name.

    Thanks for the information!

    Ryan


    1. Thank you, Ryan.  I am glad you found it useful.  Hopefully you read or will read part two of this blog.  I sent you a PM/colleague request.


  22. Hi Larry,

    Could you please send me the company name as well in a PM? Thank you!

    Jeff


    1. Hi Jeff, I sent you a colleague request.


  23. Great article, Larry! I am a newbie at all this real estate investing! I am just now learning that I can use my self directed IRA for investing. Your crowdfunding platform just might fit the bill for me. I love analyzing the numbers and doing my own due diligence so could you please send me the company's name. Thanks!!


    1. Thank you, Susan.  Yes, I agree SD retirement accounts are really well suited for this type of investment.  I sent you a colleague request/PM.


  24. Great article!  Please send me the company name.

    Thanks 


    1. Thank you, Lanre.  I sent you a PM with colleague request.


  25. Larry,  May I please get the info as well.  Great post.  Thanks.


    1. Thank you, Phil.  Message with colleague request sent.


  26. Hi Larry, Can I get the company's info too? Thanks!


    1. Sure Afshin, check your inbox for my PM.


  27. Thank you for the 2 articles and follow ups!

    I am looking for investments for my Solo 401K and this company seems like a good fit.
    Can you PM me the info on the company?


    1. You are welcome, Sharon. Yes excellent fit for a Solo 401k in my case too, and for that matter a self directed IRA as well. I sent you a colleague request/PM


      1. Thanks for the article. I read both parts and would like to know more about this company. 


  28. Larry my man, could you count me into the PM madness?  Much appreciated!


    1. Hey Tim, I sent you a PM, colleague request to include you in the PM madness.

  29. Can you please also PM me the info on this company? Thank you Larry. 


    1. Sure Finny, I send you a colleague request.


  30. @Larry Fried, thanks for this great blog. I am lurking and learning on BP. Do you mind PM the company name please? I am looking at the different options including turnkey, CF and buying local with other investors. 


  31. Thank you Larry, very informative. Could you please PM me the company as well.


    1. Sure Com, I sent you a message vai colleague request.


  32. Thanks for the article Larry. Can you PM me the company please ? Thanks.


    1. Your welcome, Barbara.  I sent you a PM colleague request.


  33. Look forward to hearing about or being able to learn more about the crowdfunding  site you "tease" of ;;) -- 


  34. Larry,

    Great Blog and even better post. Love your staff. Could you please PM the name of this company?

    Lets Do some Good Investing ;)

    Thanks!


  35. Can you please PM me the information for this company?  I am weighing my options for entering real estate investing and your description of this opportunity is intriguing.

    Thanks


    1. Thanks Brad.  I sent you a PM/colleague request.


  36. Can you please also PM me the info on this company? Thanks again


    1. Caleb, I just sent you a PM.


  37. Hi Larry, can you please PM me the info on the company? I am new to this  and would like to research on them. 

    Thank you


    1. Tim, please check your inbox, I sent a colleague request and PM

  38. @Larry Fried,

    Congrats! Is this post one of the longest successful posts? Curious what regions this group invests in. Are you close? Can you send me details too? 


    1. @Paul Parker  Thank you.  Midwest markets is what they are dealing in now.  I am not close, as I live in Oregon. I will send you a PM.


  39. Could you PM me the name as well?


    1. @Mahendra Tadikonda I have sent you a PM.  Please check your inbox.


  40. @Larry Fried could you please PM me as well. Thanks


  41. @Larry Fried I would appreciate the name of the company and which portfolios you invested in if you are willing to share.  Thank you!


    1. @Gord Stevenson I sent you the PM.  Also if you haven't already please be sure to read my follow up article to this one Read my Performance Update in Part 2


  42. Thanks for sharing, @Larry Fried. I'm interested in the name of the company and website as well.


    1. @Dave Mastio I sent you a PM via a colleague request.  Please check your BP Inbox.


  43. Great post Larry! Thanks for sharing. I've thought about taking this approach in the past but never pursued it. I'd love to learn more. I'll PM you. 


  44. Please PM me the company's info if you don't mind!


  45. @Marie Defurio Please check your inbox for that info.  


  46. Hi Larry, looking at investing in turnkey properties as well. Would love to know more about the crowdfunding model you mentioned. Could you PM me the name of the company? Thanks!


  47. @Sharon S. Thank you. I sent you a PM, since I don't have your email.


  48. Hello Larry, What an informative blog.  I liked how you really tried to check into the company and how you are tracking your investments.   I am a newbie educating myself and this Please email the name of the company and contact info.  Thanks so much for sharing your blog.


  49. Interesting article, actually was looking for other forms of investing after purchasing a couple of turnkeys. Could you please PM the company, greatly appreciated. 

    Kevin


    1. @Kevin Darrell Glad you found it interesting.  I sent you a PM with the info on the company.


  50. Intriguing post! Could you please PM the Company too! Thanks in advance.


    1. @David S  Thank you. PM sent.


  51. Wow, maybe you did find the holy grail given the responses you've received on this thread.  If  you could kindly PM the company as well, it would be much appreciated.  Thanks so much!


  52. Hi Larry.  I'm a fellow Oregonian - just over the hill in Bend.

    The Bend market feels pretty top heavy to me right now, and I'm investigating other strategies.

    I'm most interested in turnkey multi-families in emerging markets - but the ultimate goal truly  is passive income, so I'm really interested in the crowdfunding model you mentioned in this article.  

    If possible, can you send me the details of the company when able?  

    Thanks in advance~


    1. @Greg Cyr  Well, we are practically neighbors with just a few mountains between us (lol).  I will send you that PM.


  53. Larry, thanks so much for sharing. Great post. Please PM me also.

    Thank you


  54. Great article @Larry Fried!  Would appreciate the company info as well.

    Thank You


  55. When you get a chance, would you PM with company info. Thanks.


  56. Larry, excellent info, thank you!  You must be tired of people asking but would you also send me the company info in a PM?  Thx much!


    1. @Carmen Desiato Thank you.  I have had a lot of requests, but it is not a problem. I will PM you.


  57. Larry, this is such a great post.  Thanks so much for doing it.  Could you also provide me with the company info in a PM.  Thanks so much in advance. 


  58. Larry, I'm just reading your post, and like many others, would it be possible to get PM the name of the company?. After these few more months are you still pleased with the results?, many thanks.


  59. Thank you @Larry Fried for your generosity and for sharing your experience. Would you mind PMing me name of the crowdfunding platform as well?  


  60. Hi @LarryFried. Very interesting info. I am a newbie and looking at various investments. Please PM me the name of the company! Thank you in advance. Michael


  61. Hello @Larry Fried.  Thank you for the blog, very interesting.  Would you mind sharing the name of the crowdfunding platform you used?  I'm looking forward to your follow up writing in October.  Thanks again!


  62. Hi,

    Does sound exciting! Feel like a broken record but could you please send me.... :)

    Thanks for taking all the time you put into sharing!

    Mary


  63. Joining the fray Larry -- sounds like it might be a fit for me too.
    PM info when you can, please.


  64. Larry, can you please PM me the name of this company as well?


  65. Same as the above posters. I have been interested in investments like this but they always seem to require accredited investors. Please PM me the name when you get a chance. Thanks!


  66. Hi Larry,

    This sounds like exactly what I've been looking for as well.

    Could you also PM me the name of the company.

    Thanks,


  67. Can you also PM me the name of the company?  I am very new to this and reading everything that I can.  Thank you


  68. Hi Larry,

    I just saw your original post from the listing in the BP round up email over the weekend.  This sounds like exactly what I've been looking for as well.  I researched several crowdfunded REI's but the all had the accredited investor requirement.  Could you please PM me the name as well?

    Thanks,


  69. This is really interesting. Thanks for sharing this information with us! Can you pm me the company as well?


  70. Thanks for the article Larry. Can you PM me the company please ? Thanks.


  71. I'd also love a PM with the name.  I've found that these sorts of investments almost always require being an accredited investor, thus shutting me out.  I'm certainly interested in one that doesn't have this requirement.


  72. Wow, lots of interest in this article today, and I just got back from a vacation trip, and have now sent everyone who requested it, a PM about the company. I anticipate adding to this article mid-Oct an update on my investments and their performance to date with this company. As a preview, I have made two additional investments with them since writing this article, and have a reservation for a fourth.


    1. I'd like to thank you too for the great article Larry. I'm also intrigued and would like the company info. Thanks again!


    2. Hi @Larry Fried, Great post.  Just subscribed to your blog.  Can you please PM me as well the name of the company you're speaking of?

      Thank you very much!


    3. We are typically buy/ hold investors in SFR but I am looking at other alternatives.  I would also be interested in hearing the name of the group that you have found.  Thanks in advance!


    4. We are typically buy/ hold investors in SFR but I am looking at other alternatives. I would also be interested in a PM of the name of the group that you have found (or post on your blog). Thanks


    5. Hi Larry.  I would appreciate it if you would PM me the name of your company.  Thanks in advance.


    6. Hi Larry, This opportunity sounds like something that would be a perfect addition to my IRA. Would you please also PM me the name of the company for my own research?


  73. Very interesting crowdfunding site. Could you send me a PM about this crowdfunding site ?


  74. Intriguing.  Projected returns beat most DSTs and other investment vehicles.  Would also be interested in the details of the company.  Please send me a PM.  Thanks


  75. Very informative. Could you also send me a PM for the contact information of the company?

  76. Hi Larry, 

    I enjoyed reading your article. Can you PM me the contact information of the company?

    Thanks,
    Sam Bates


  77. Hi Larry 

    Great post. Thank you for the insight. Could you PM me the name of the company? 

    Thanks! 


  78. @Larry Fried, I hope they're giving you a commission for all the business you've generated them!  :)   I wouldn't mind researching the company if you could please pass on the info.  Thanks!


  79. Hi Larry- Thank you for the post. Very insightful. Can you please PM the name of the company ? Thanks!!


  80. Hi Larry

    Very interesting post.  I am not familiar with the crowd funding model, but would like to learn more.  Please PM the name of the company when you have a chance. 

    Thanks in advance.


  81. Thank you Larry. Could you please PM me the info?


    1. @Peter Morrissey  I sent you a PM,


  82. Hi Larry,

    Sounds interesting. Could you PM more info?


  83. Great post Larry.  Could you PM me the company and contact info.  Many thanks.


    1. Thank you, Ray. I am glad you enjoyed the read. I have sent you a PM.

  84. thank you Larry. Mind sending me the name of the company? Many thanks!


    1. @Tyler Anderson I sent you a PM.


  85. Thanks Larry.  I am such a newbie to all this but soaking it all in.  Thanks for the post!  Bill.


    1. You are most welcome, Bill.


  86. @Larry Fried Great post! Could you PM me the company name please? Definitely looks like something worth looking into!


  87. Sounds very interesting Larry. Would love to learn more if you can send me a PM as well!


    1. @Tim Williams PM sent via Colleague Request.


  88. Hello Larry, would you please send me a PM as well?  Thank you!


    1. You bet @Stephen F.


  89. @Larry Fried If you wouldn't mind passing the company along to me as well, I'd appreciate it. Thanks.


    1. @Christopher Monsour I have sent you a PM.


  90. @Larry Fried, I would greatly appreciate the name of the company also. I have just started thinking about investing that this sounds like a great place to start.


    1. @Patti Freitas I sent you a colleague request with a PM.


  91. Hi @Larry Fried, would you be able to PM me the name of the company you're speaking of? Thanks! Really enjoyed the article.


    1. Will do @Russell Pitts


  92. Hi @Larry Fried, can you PM me the name of the company you are referring to in this article? Sounds right up my alley! Great write-up, and thank you for sharing.


  93. Hey @Larry Fried, Congratulations on finding success with your 'Holy Grail' strategy!  If you have time for one more PM, I would really like the name of this company... Thanks, and best of luck moving forward!


    1. @Chad Lockman I always have time for another PM, which I have now sent to you.


  94. Thanks for sharing, @Larry Fried. I'm interested in the name of the company and website as well. 


    1. @Billy Wong PM sent.


  95. @Larry Fried Interesting article. I like that you are investing in a company that has skin in the game. Can you PM me the company name/website?


    1. @Andrew Herrig PM sent.


  96. Very interesting take on the benefits of a crowd-funding model.  Thanks for sharing, Larry.  I was wondering, does investing as a silent partner still provide you the side benefits of a rental business, such as taking advantage of tax benefits like depreciation and being able to use 1031 exchanges?


    1. @Kenneth Dai - this particular investment does have the depreciation tax break, which is accounted for in the K-1 they provide annually.  It is not currently eligible for 1031 exchange currently, at least that is what I was told.


      1. Larry,

        I might be interested. Can you send my the info and also, how does the K-1 work?


  97. Thanks Larry! Newbie here and just started looking into crowdfunding because of your informative article. Would you be able to pm me the company name?


  98. Hi Larry,

    I've been investigating crowdfunding REIs, as well.  New market that has potential.

    Might be too late, but if your still interested,  I would like the company info also.

    Thanks!


    1. Antony, I sent you a PM.  BTW, I made my 3rd investment with this company last month, and have a reservation for a 4th.  They continue to perform very well.


  99. Hello Larry,  I am a newbie educating myself but your crowd-sourcing company sounds great. Please email the name of the company and contact info. Thanks so much for sharing your blog.


  100. Hi Larry,

    Great post. Can you PM me company's name? 


  101. @Larry Fried Thanks for sharing! Can you PM me the company?


  102. Thanks for the article Larry. Can you PM me the company please ? Thanks.


    1. PM sent @Charles Lemelle.


  103. @Larry Fried Excellent article, Larry! You helped us learn another new way to generate passive income. I am a newbie and I just started out recently. Could you please provide the details of the company in PM ? thank you!


  104. Hi Larry, curious how it's going now that another month has passed and you are now a proud owner or 2 separate entities.  Also, you probably know this, but diversification to other portfolios from the same company carries the same "key man" risk.  Finding another manager that has a similar concept in a different town would help reduce that.


    1. Hi Gene,

      Well if there was another such similar concept in another city, I would surely consider it.  It is going fine, they only report quarterly, so I will get my first quarterly report for the 2nd investment in early July.


  105. @Larry Fried, great article. I would like you to send me info on the company you are using too. A good follow up article if you are so inclined would be "How due diligence differs when do a crowd funding investment compared to direct investments". Well, maybe a shorter title, but you get the idea.

    Thanks, Dan Dietz


  106. Nice write up Larry, send me info when u get a chance.

    I would love to do some more research, possibly a place to keep money before another investment.


  107. Larry, thanks for a great post.  This is fascinating.  Are the properties in the portfolio that you're invested in all multi-family, or is it a mix of SFH, etc.   Cheers!


    1. @Paul MacInnis They are all SFR.  I have actually invested now in two such portfolios, and looking to add to those investments in the future.


  108. Very informative article @Larry Fried! Thanks for sharing it. Would you mind sending me the name of the company?


  109. what's the name of the company you invested in larry


    1. Frank, I can't post that here, but will send you a PM.


      1. Can you please PM me as well Larry.  I would love to look into what these guys are doing.  GREAT ARTICLE!!


      2. Larry,

        Please PM me the name of the company.

        Thanks,

        Vishal Gandhi


      3. Hi Larry, would you please send me the name of the company that you are investing in for crowd funding? if you can't PM me, please send me an email.


      4. @Jeff Sprunger I have sent you a PM.


      5. Larry

        I am very interested. If you could PM me the contact information I would greatly appreciate it. 


      6. Great article, please PM the company's name.

        Thank you


      7. Hi Larry

        Great post. Thank you for the insight. Could you PM me the name of the company?

        Thanks!


      8. Can I get a PM of the company as well.

        Thanks,

        Brian


      9. Could you PM me also.

        Those returns you mention are before their 30% is taken out of after?


      10. @Francisco Arango All returns are after the managers take their share, and any and all expenses are accounted for.


      11. sorry to bother you but I would appreciate it if you could PM me the name of the company and contact info as well!


      12. @Larry Fried thank you for posting this very thoughtful article. I seem to have hit a plateau with my investing mainly because of lack of inventory in a local market so I have been looking out of state and your blog entry is most timely and helpful. Could you also PM me the details of this company? Thanks once again.


      13. Would you also please PM the name of this company you speak of? Passive investment, at least initially for me, to be the best alternative cash flow method.


      14. Hi Larry, 

        This is intriguing, and I'd like to investigate more. Could you send the company name over to me?

        Thanks!

        Kevin


      15. Can you PM me the name of the company, thanks.


    2. @David Avila  I sent you a PM.  Please check you in box.


    3. I'm another looking for the name of the company.


      1. Hi Matt,

        I sent you a PM colleague request to get you the info you requested.


  110. Thanks for the well thought out post, the crowdsourcing opportunities do provide some opportunities for portfolio diversification and a more hands off approach. 

    Price


  111. Great Post Larry. A lot to consider and looks like a great strategy.


  112. Thanks for pointing me here Larry. Something else to think about.


    1. Your welcome, Courtney.  


  113. Nice post Larry.......Did you use the Turnkey Approach when you utilized the company you did your due diligence on or did you go another route?


    1. Thanks Brian, I am not sure what you mean by "Turnkey Approach." Can you please clarify.


  114. Great synopsis, Larry. I am interested, whom do I contact?

    Regards

    Aditya.


  115. Absolutely Kent, you've got to do that due diligence upfront, and always understand as best as possible what may lie ahead.


  116. Great post, Larry! A lot of brand-new investors tend to mistake "passive investing" for "no due diligence investing" so when I first saw the title of your post I thought "uh-oh" but then I read your post. Great work on crunching the numbers and weighing what's right for you.

    The "Holy Grail" of passive investing is indeed out there but few are willing to put in the *work* to get it! :)