145: The Three Paths of Apartment Investing: Finding Your Genius Zone
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We’ve all faced times in life when we are asked to choose from various paths.
Maybe you’re familiar with the 2016 Disney 🎥 movie “Moana.”
In case you’re not, here’s a brief rundown of what happens to catch you up to speed.
The story follows a young girl named Moana, who is chosen by the ocean to embark on a quest to save her island home from a mysterious darkness that is spreading across the ocean. Along the way, she meets a demigod named Maui, who agrees to help her on her journey.
As Moana and Maui travel across the ocean 🌊, they encounter various challenges and obstacles, and Moana is forced to make a number of difficult choices.
At one point, she must decide whether to continue on her quest or to turn back and return home to her people.
➡️ Later on, she must choose whether to try to reason with the villainous Te Ka or to fight her in battle.
Throughout the film, Moana’s choices have real consequences for herself, her people, and the world around her. Her journey is one of self-discovery, as she learns to trust her instincts and follow her own path, even when it seems difficult or impossible.
“Moana” is a powerful story of empowerment and self-determination, reminding us that we all have the power to choose our own paths and make a positive impact in the world.
Just like Moana, you too have choices ahead of you.
Did you know that when it comes to apartment investing, there are actually three main paths you can take? And we want to help you figure out which one might be the perfect fit for your genius zone – that special area where you truly excel.
But did you also know that when it comes to finding your path in life, there’s no one-size-fits-all solution? It’s more about finding the path that works best for you in this particular season of your life.
The great thing about life is that it’s constantly evolving, and so are we. So don’t stress about finding the “perfect” path – just find the one that speaks to you right now, and be open to pivoting and changing things up as you grow and evolve.
Path One – Passive Investors
We started out as passive investors. And let us tell you, it was the best decision we ever made!
The beauty of passive investing is that you don’t have to be a total expert to start generating some serious income.
You don’t have to worry about coming up with all the plans and executing every little detail. Plus, you don’t have to worry about attending any board meetings – that’s the team’s job! You can just kick back and let the money roll in.
As a passive investor, you don’t have to take on extra time commitments, fund the entire project, or obtain the expertise required to create and execute a business plan.
➡️ This means you can continue to work in your genius zone without having to shoulder the extra role of a multifamily apartment J.O.B.
Being a passive investor is a smart move if you’re looking to build your wealth without having to put in all the work. It’s like having a little army of tiny money soldiers marching out into the world to do your bidding. All you have to do is sit back and watch them conquer new financial territory on your behalf.
The best part about being a passive investor is that you can always change your mind later if you decide you want to get more involved. 🤟🧡
Maybe you’ll discover that you have a hidden talent for underwriting and asset management, and you’ll want to dive into the world of real estate investing headfirst.
Or maybe you’ll just want to keep things chill and let your money continue to work its magic without any extra effort on your part.
At our company, we started off as passive investors too. It was a great way to learn the ropes and build our confidence before diving into the deep end.
Path Two – General Partners
So, we started to think, “How can we make even more money?”
And that’s when we decided to become general partners. We wanted to be more involved in the process and take our investing game to the next level.
Plus, we knew that with more responsibility came the potential for even greater returns. 🌻
As a sponsor or general partner, you wear many hats and contribute to different aspects of the apartment syndication process. It’s not just about finding the perfect investment deals, it’s also about performing due diligence, underwriting the deal, securing financing, forming relationships with investors, and negotiating with sellers. It’s a lot of work, but the potential rewards are totally worth it!
The best part about being a sponsor is that you can generate active cash flow. 💵
That means you’re not just sitting back and waiting for your money to grow, you’re actively making it happen.
And the icing on the cake? 🍰
You’re helping your investors achieve their financial freedom early and permanently. Who wouldn’t want to be a part of that?!
But let’s be real, becoming a general partner isn’t for the faint of heart. It takes a lot of time and dedication to acquire the expertise to be successful, and even more time to actually implement and execute the business plan.
But hey, if you’re up for the challenge, the potential rewards are huge. We’re talking major financial gains and the satisfaction of knowing you’re making a real impact on people’s lives.
Path Three – Buy Your Own Apartment Complex
Let’s talk about the third path – buying your own apartment complex! Sounds pretty exciting, right? But here’s the thing, it’s not necessarily for everyone.
We’ll be the first to admit that we haven’t taken this path ourselves.
Why, you ask?
Well, for us, it’s all about leverage. 🙌
We believe in leveraging other people’s time, talents, and capital to maximize our returns. But hey, that’s just us – we’re not saying we’ll never get into it, it’s just not a priority for us at the moment.
Now, there are definitely some high-net-worth individuals out there who love the idea of owning their own apartment complex.
They think they’ll have more control, and maybe they will! But let’s not forget about the time and effort it takes to manage and maintain a property. It’s not all fun and games, guys!
At the end of the day, if you’re up for the challenge and willing to put in the work, buying your own apartment complex could be an awesome investment opportunity.
Just remember, it’s not for everyone, and there are other paths to success in multifamily investing.
So, don’t be afraid to explore your options and find the path that’s right for you!
The Million Dollar Question
Now, the million-dollar question – which path is right for you?
Are you a passive investor, general partner, or maybe you’re thinking about buying your own apartment complex? 💭
We believe in finding a balance that works for us and our lifestyle. But at the end of the day, it’s all about figuring out what works best for YOU and your unique situation.
So, take some time to reflect on your goals and resources, and find the path that’s right for you‼️
As your support team, we just want to help you understand your options and see what’s possible when it comes to investing in multifamily apartments. There’s a lot of potential for growth and wealth-building in this industry, and we’re excited to see what you’ll achieve!
So, don’t be afraid to explore your options and find the path that’s right for you when it comes to investing in multifamily apartments.
The best part about this decision ahead of you is that there’s money to be made on each path!
So, don’t stress too much about which path to take. At the end of the day, it’s all about taking action and getting started.
The more you learn and the more you invest, the more you’ll grow and expand your options.
So, take the leap and see where the multifamily investing journey takes you.
👉 Who knows, you may end up trying all three paths and finding success in each one!
Make sure to also check out our other podcasts episodes, head over to our website and check out our blog, or give us a watch on 📺 YouTube.
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