All Forum Posts by: Baroni P.

I often find it fun to reflect on my past successes and failures and ask myself, "what would I do differently if I could do it again and keep the lessons learned?"  For me, I wish I would've purchased a copy of "Rich Dad Poor Dad" upon graduating High School and marching off to college with zero financial education.

I'm curious if there are any investors, who invest passively in MFAs, who'd care to share what they would've done differently if given the chance at a "do-over"?

@Spencer Gray - Just curious (I don't mean to hijack this thread so feel free to respond to only me directly), what is a "wedge deal"?

@Jeff Anzalone - I can absolutely relate. My wife and I work for the same company. Too many eggs in one basket for sure.

@Steven Pesavento - Great question. Have you seen investors have success doing a little bit of both? Perhaps a strategy towards attaining income independence would be to initial passively invest, learn how to raise money, then move into syndicating your own deals once you have the experience, reputation and contacts.

@Justin Goodin - Looks like Kanye gets it.  Real Estate Investing is a proven path to accumulating and maintaining wealth in which we all can prosper and in turn enrich the lives of others.

In responding to @Dave Spooner, you centered the advice upon an individual's goals.  Let's say, for example, that the goal is to replace a few hundred-thousand in annual income with earnings from your real estate portfolio so that you could quit your W-2 in 3 years.  Of the 2 paths that you mentioned, "active" or "passive", which one makes sense for an accredited investor?  I realize that there are a lot of details that are left out of this scenario, but I'd be really curious (and grateful) if you could share your thoughts on it.

Thanks again.