All Forum Posts by: Maurice Giro

OP.  Passive and retire early don’t go together.  

Couple avenues to look at.

1.  Look at your office situation.  Can you buy a larger office and be one of the tenants?

2.  You’re in estate planning.  Talk with financial planners, bankers and your clients.  You should pick up on some good deals.

3.  Country subdivisions. Look for 20 acres up to 40 acres.  With or without a house in it.  This size is too big for most home buyers and to small for big buyers.  You will then subdivide and sell lots only.   Use the lookup function. My name and Journeys End or Silver Spring subdivision. 

We do Selfstorage and country subdivisions.  When we started I was a CFO or Controller working 50 to 70 hours per week.  

There are many types of REI. Just find one that fits your goals..

@Maurice Giro

I think you need to book a few calls with a life coach to make sure you want to pursue real estate with other opportunities that have kept you away.

One coaching call will not help you uncover what strategy. I would start attending meetups and going to events to get an idea of how others have started.

Strategies are plenty. With a real estate coach, you should be able to learn all the strategiss and implement them in the right market cycle. Syndication was the rage the last few years, and now creative financing has become more prevalent

Gino

@Maurice Giro, as the others noted, it really comes down to what are you looking to learn.  While this is probably overkill, real estate can be synonymous with "sport".  I want a "sports" coach.  Well, to Shiloh and Bob's points, sports can be baseball, basketball, tennis, weightlifting, running...  

I would start with some local meetups, and/or some of the conferences that happen each year.

Meetups: head to meetup.com and search "real estate investing" for your market. There are also REIA groups in nearly all major metros.

Conferences: The Biggerpockets conference and/or the Best Ever Conference are two good ones that will let you meet investors of all shapes and sizes, from syndicators to LPs to direct owners in nearly all asset classes, from SFRs to Airbnbs to apartments and retail, industrial, RV parks, etc.

Hi @Maurice Giro it sounds like you would like to get into real estate investing, but you would like to be more passive than active.

Just keep in mind that the more active you are, the higher returns you get, and generally speaking, the more passive you are the lower returns you get

There is a hybrid model where you can learn how to find deals that are under market value, build a team that will help you purchase and rehab and rent out the property, and then have someone help you manage it. If you’re able to find properties that are under market value, then you can build wealth faster through forced appreciation that happens when you fix up the property at the beginning. But if you’re too busy to do that, then a few other options maybe:

1) syndication - but you would really want to vet the syndicator and see their track record especially how they’re doing during this downturn.

2) Buy turnkey properties that are managed by the turnkey company. However, you usually buy these properties at or a little bit above market value. so it really takes quite a bit longer for you to build wealth with these properties and you are really just hoping for appreciation overtime. Or, if you don’t have a loan on the property, then you make money through cash flow. But the money that you are making is usually below 10% with a turnkey property

3) partner with somebody who is a skilled Real Estate investor, who can do the majority of the work and you can come in as the money partner.  They can find the deals and get them ready for rent or for sale and you can just be the money partner on it and then you guys can split the profit in a way that makes sense for both of you.

4) become a private money lender, and lend out your money to skilled real estate investors in order for them to do deals. You wouldn't be an equity partner, you would be a debt partner. I've had a lot of people do this with me where they will lend me money on some of the deals that I do and then I will give them a deed of trust, which ties their money to a specific property that has much more equity than the sum of the loans. They receive a promissory note that outlines the timeframe of the loan with a specific interest rate. For me it is usually a 24-36 month loan at between 13-15 APR%. This is a very passive way of getting involved in real estate that provides fixed returns that are usually higher than the stock market.

Those are a few ways to get involved in real estate in a more passive role. 

Hopefully this is helpful to you. Let me know if I can be of any help. And good luck investing in real estate.