If you don’t have time or don’t want to make time to invest in real estate, can you still make money investing in multifamily properties while reducing/shielding your tax liability? It’s possible and legal.
In this episode, Wayne Courreges talks to Dan Handford with PassiveInvesting.com and Multifamily Investor Nation. Over the past 12 months, Dan and his team have invested more than $136 million in multifamily properties with a capital raise of $50 million to purchase those assets. Also, Dan and his wife, Dennae, host the Tough Decisions for Entrepreneurs Podcast.
Topics on Today’s Episode:
- Multifamily Side: Dan’s motivation to move from passive to active investing
- Real Estate Professional Classification: Offset all income to reduce taxable liability
- Multifamily Investing Mentor: Hire lifeline and pay for direct access to acquire assets
- ABCs of Asset Classes: Dan chooses A and B+ with value-add multifamily properties
- Investor Pools: Never passively invest without considering capital preservation at play
- Would of/Should of: Start ability to find investors earlier and raise money to secure deals
- Due Diligence: Building relationships with brokers, making investor lists takes time/effort
- Lessons Learned: Always have more reserves and extra funds than expected
- Overlooked Aspects: Underwriting can make returns look good, but unrealistic
- Post-COVID Pros and Cons: Cashflow, renovations, rent defaults, and occupancy rates
- Pandemics: Create marriages, divorces, and babies that drive demand for place to live
Links and Resources:
PassiveInvesting.com
Multifamily Investor Nation
Tough Decisions for Entrepreneurs Podcast
CoStar Market Analytics
Apartments.com
Wayne Courreges
Free Passive Investor eBook by Wayne Courreges
The Untold Stories of Real Estate Investing Podcast
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