by | 25, Jun 2022

Masterclass Sneak Peek

We have a VERY special episode for you dear listeners! We were feeling great this Saturday morning, so we decided to share the wealth… the wealth of knowledge!

If you didn’t already know, Dan and Anthony have taken to the academic industry! They have released THE masterclass in passive investing in real estate. And they are going to give you the first chapter for FREE! In this masterclass, Dan and Anthony dive even deeper into their book, Passive Investing Made Simple, expanding on new ideas and providing new stories from their experiences in the industry.

The full masterclass is available here! And here’s a little hint for you listeners, take a listen to some of the recent podcast episodes for a discount option!

All of this and more on this week’s episode of Multifamily Investing Made Simple, In Under 1o Minutes.

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five rules of investing

The Five Rules of Investing

** Transcripts

Welcome

[00:00:00] Anthony: Hey, welcome to the passive investing made simple masterclass. This is the companion to the passive investing made simple book. If you’ve already picked this up, then this course is going to be the walk along. We’re going to go chapter by chapter. We’re going to discuss the contents there within, and maybe go a little bit deeper so that we can just expand your knowledge and understanding of this investment vehicle so that you can feel confident taking action.

When an opportunity finally presents itself. As you’re going to learn throughout this book, real estate investing, it’s not terribly complicated, it’s fairly accessible and we’re gonna lay out the blueprints for how you can actually dive in. Do you think about that, Dan? I think it was

[00:00:40] Dan: good. I think it’s good.

It’s a, it’s simple. It doesn’t mean it’s easy, like to, uh, clarify that and qualify it. This is a simple process. It is not rocket science, but it is not easy. Hence the passive option a that we want to wake people up to and let them know. This is a thing you don’t have to be the guy doing all the things it [00:01:00] does need.

Difficult. It can be easy.

[00:01:02] Anthony: Yep. So let’s start with what this book is about, who it’s for and why we created it at its core. This book, we, we set out to write it because we talk in it with a lot of. A lot of the people who want to get involved in commercial real estate. And we’re having all the same conversations all the time and we thought, Hey, wouldn’t it be great if there was just a resource where we can point people to it and they can dive in, they can learn all about apartment syndications and what it means to be a passive investor.

Because unfortunately, most of the, like the resources out there in the world, all the books and the courses and the gurus, they tend to want to teach you how to be an active investor, how to go and be the person who’s buying the property. Managing it and all the work. But the thing that we’ve discovered is that most investors, most people do not want to deal with the toilets, tenants, trash.

They know that real estate investing is a powerful vehicle. They, they understand that 90% of all millionaires have been made. So through real estate, that’s an Andrew Carnegie quote. I [00:02:00] don’t think it’s statistically valid, but. Generally correct that most wealthy people do own real estate. And there’s a reason for that.

But most investors, they don’t want to do the work and that’s totally understandable. So they just don’t realize that there is a way that they can get involved. And that’s what we lay out here in the book step by step, how you can actually passively invest without having to deal with a single tenant single.

Never have to take out the trash. Yeah.

[00:02:26] Dan: It’s a great option. Most people don’t know. It’s a thing. It’s a surprising to me, how many people I talked to on a regular basis, uh, who don’t realize that they have a passive option. Um, you know, if you’re the special kind of person who really enjoys solving problems and puzzles and wants to make this full-time.

It’s a great one. It’s a really rewarding one. We love it. But I would say the vast majority of people, even if they think they might want to do that, they probably actually don’t. I think they like the idea of it, but when they actually get into it, I have to say we’ve had a lot of investors. Who’ve gone down the act of.

A little bit and then [00:03:00] decided, you know what? This is a lot of work. And I actually enjoy my other career a lot more, but I still want to get the benefits. I just don’t want to do all the things

[00:03:07] Anthony: I want to do all the things. Okay. So we’re going to be diving through module by module, chapter by chapter, through the book and going into great detail.

But before we get to all of that, before we talk about why real estate is so powerful, why we love it before we start talking. How you can get involved in laying out the blueprints to roadmap for getting invested in these vehicles. Let’s talk about who we actually are. Who are you? Hello? Am I, and what are we doing here?

Uh, writing a book on the topic of passive investing. So Dan, who are you?

[00:03:38] Dan: I am, well, I guess what I will call myself is, uh, somebody who, uh, you know, thought that the typical path that is pitched to most people by parents society. And schools and just the media in general was the best one. I grew up in a family of artists.

And so there wasn’t a whole lot of talk about investing or, or financial management [00:04:00] about as far as it got in my house was, uh, Danny that’s. My parents called me, uh, here’s how you balance a checkbook. And, uh, here’s how you saved money. That was it. Keep track of your expenses. So you don’t go negative in your bank accounts.

And if you have anything left, you probably won’t throw it into a savings account. That was the extent of. And I was really pitched really hard, uh, since coming from a family of artists that the corporate route was the safe route, right. Go to college, get a job at a big company with benefits and you’re going to be okay.

So I followed that for a long time, all the way through college and all the way into the corporate world. And it took me about five years to figure out that that didn’t align with my personality. And I was actually a lot more entrepreneur. Shortly thereafter. I found a real estate went down that rabbit hole went down really aggressively and just consumed massive amounts of information.

So I was already in finance, working in corporate finance. So for me, it was a bit of a, an easier transition than a lot of people. A lot of what I was doing in the corporate world was actually [00:05:00] very applicable and I just needed to learn the real estate business in the markets and things like that, but the financial modeling and all of that was, uh, quite easy for me.

So as soon as I went down the rabbit hole, I got hooked and it wasn’t long after going down that rabbit hole, they started. For my first property. And personally, I landed on a six unit and we’ll get into why that number, uh, six is actually an important one, uh, later in the course here. But I knew that, uh, based on the research I did, I had a particular type of property that I wanted to get particular size to get into the game.

So I found that first property and it was, uh, you know, we can go into the details about exactly what happened there, uh, later. But in a nutshell, it was kind of the, the bread and butter strategy, which we stick to, to. By something that has upside potential, fix it up, refi some cash out, go onto the next one.

And from there I was hooked.

[00:05:50] Anthony: That’s a powerful strategy, but the, the, the thing I think so many people can relate to. And you probably, if you’re watching this, this might be your story is you [00:06:00] were sold the American. Going into the corporate route and investing in your 401k stock options and saving, saving, saving until you can maybe retire someday when you’re 65 and maybe what brings you to this courses, the realization that you don’t want to wait until you’re 65 to retire that you don’t want to wait to start living life on your own terms and that you want to invest in a vehicle.

That’s going to allow you to live life on your own. And achieve your financial goals a little bit quicker. So if you’re starting to wake up to the fact that there’s some alternatives out there, congratulations, like that’s awesome. It, it can feel daunting and overwhelming, especially as you’re first stepping in.

Um, there’s just so many different ways that you can make money within realistic. So right now, it probably feels like you’re drinking out of a fire hose, but over the course of these modules, we’re going to start to simplify and make this very digestible. So that by the end, you can, you can understand that there is a better way than the American dream.

Now, for me, my story is very [00:07:00] different than Dan’s like, he, he grew up and thought that. Route was going to be his solution. Whereas for me, I have really bad ADHD, really severe. In fact, so the, when I was in college, this, this was a very difficult time for me. I was getting fired from all my jobs. I had really bad relationships.

And I just, I was generally like really unreliable and focused and disciplined and all those things that you need to have to be able to thrive in a corporate environment. And the worst part of it all was that I, I just didn’t answer well to authority. Like I could not follow directions. And so coming out of college, I went and had to find my own path, which led me to rock climbing for a number of years.

It led me to writing science fiction and fantasy novels for awhile. And eventually it led me to entrepreneurship and starting and building businesses, which allowed me to be in control of my own destiny. And my inputs were now correlated to my outputs. Right. And so the harder I worked, the more I would get, and I love [00:08:00] that aspect.

And so I got into real estate because I recognized one that everybody has a relationship with with real estate it’s everywhere. And the people who I looked up to and I thought they were doing really well in their life. They all seem to have some finger in the real estate pie. So I thought I have to be involved in this as well.

And so I got involved thinking, you know what, real estate, this doesn’t seem super complicated. I’m sure I can do it myself. So I went and I bought a truck. I house hacked at which that means I lived in one unit and rented out the other two units. And that’s a great strategy because it allows me to pay down my mortgage and live for rent free.

Um, the downside of it though, is it was a triplex. It was a small little guy. And I think this is where a lot of people get tripped up is they start just like I did with a single family or a duplex or triplex. And. As they tried to scale, they realize, oh, this is really difficult. And it doesn’t work very well.

We’re going to dive into exactly why that is in the coming modules. So stay [00:09:00] tuned for that, but just know that it was very shortly thereafter of, of owning that first triplex that I started scaling into larger multi-family units. And that’s when Dan and I met and we formed Invictus capital. And just from a high-level.

Invictus capital is a multi-family acquisition firm. We are focused exclusively in Minneapolis St. Paul, Minnesota, and the thing that makes us really unique. And the reason why we decided to write this book is because we are vertically integrated, which means we have property management in house w. We work with our residents on leasing and maintenance repairs, all that stuff.

And then we also work with passive investors to invest in the deals that we bring to the table. So we’re a one-stop full service shop for investors and residents from beginning to end. And that gives us a really unique perspective from which to write a book like this. We have about $30 million of assets under management, been doing this for a number of years.

And so hopefully that gives you [00:10:00] a little insight about who we are. And maybe you can relate to a little bit of that. And just a couple of guys that figured it out slowly but surely, and hopefully we can accelerate your learning track so that you’re not just banging your head against the wall or making mistakes because in investing rule, number one, don’t lose money.

Right. And that’s what we’re going to do throughout the rest of this book is really lay out the rules of the road so that you know what to do and what to avoid so that you can be confident that you are getting into a good deal. So without further ado, Let’s move on to the second module where we’re going to discuss setting your investing parameters.

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