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E222: What Passive Investors Need to Know Before Investing in a Syndication – Chris Pomerleau

E222: What Passive Investors Need to Know Before Investing in a Syndication – Chris Pomerleau

FromThe Investor Mindset - Name Your Number Show [$]


E222: What Passive Investors Need to Know Before Investing in a Syndication – Chris Pomerleau

FromThe Investor Mindset - Name Your Number Show [$]

ratings:
Length:
30 minutes
Released:
May 27, 2021
Format:
Podcast episode

Description

Whether you’re just about to start investing in multifamily or are in your first few months, Chris Pomerleau has some golden advice to offer you on this week’s episode. Find out more about our investing opportunities here ? www.vonfinch.com/invest ?Chris Pomerleau is a family attorney turned real estate syndicator and coach. He entered the real estate industry by investing in single family homes, but later realized the bigger potential in multifamily assets. For years, he worked hard to scale the business, and today, he has over $80 million of assets under management and co-owns Park Ave Capital LLC, a successful multifamily asset firm.Like many other investors, Chris shifted his career to real estate because he wanted to create more value for the time that he puts into work. And like a lot of our listeners here, he didn’t know much when he started investing in real estate. But with his own experience in the industry, he tells us what we need to know before investing with multifamily syndication.Chris talks about the best practices that you can apply to your own investing style before striking a deal with a multifamily investor, including how to make sure your business plan aligns with theirs, what to look out for when vetting, and why you need to know exactly what you want before looking for deals. In short, everything that you need to know before you put your money in a multifamily—or pretty much any kind of real estate deal. KEY TAKEAWAYS1. Make sure that the syndicator’s business plan is in line with your intention with your money.2. If you’re looking to grow your money, cash flow on the first day is not the most important thing.3. Invest with someone that knows what to do when things go wrong.4. Maintaining an open line of communication with the people at the other end of a deal can go a long way, even if you’re not saying ‘yes’.5. Know exactly what you want so that you’re ready to jump when you find the right deal. LINKSChris Pomerleau on LinkedIn: https://www.linkedin.com/in/cashflowwithchrisPark Ave Official Website: https://parkaveinvesting.com/The Passive Investing Playbook - http://theinvestormindset.com/passive
Released:
May 27, 2021
Format:
Podcast episode

Titles in the series (100)

What does it take to succeed when others fail? We explore the stories on Investing that you don’t often hear: The trials and challenges that lead to success and the Mindset it takes to make it. We’ll learn from some of the best investors and entrepreneurs, learning through fire-walking their experiences so we can each setup up our game and be our best self. We focus 80% on the motivation & mindset that leads to success, and 20% on the investing strategies & tactics that get us there. About The Host: Steven Pesavento Real Estate Investors & Entrepreneur has always been obsessed with understanding how we can think better, how we can be better and how we can do better. He fought against those limiting beliefs, that held him back and jumped in to Real Estate with no experience. By modeling the mindset & actions of leaders he looked up to, his Real Estate investing his business exploded, buying 150 houses in his first two years, over $22 Million in real estate transactions. Personal development for real estate investors. Model the top real estate investors, house flippers, multifamily syndicators, wholesalers and landlords. We invite guests from all industries to share their mindset with our incredible community. Join the insider club at: https://TheInvestorMindset.com IG @Investormindset https://Facebook.com/theinvestormindset