Making mistakes and learning from them is all part of the real estate investing game. Today's guest shares the lessons he's learned along the way, especially when it comes to syndications. On this episode of Zen and the Art of Real Estate Investing, Jonathan interviews Paul Shannon, a fund manager at InvestWise Collective. Paul has acquired more than 200 residential units by recycling equity and JV. He is a limited partner who has invested in more than 40 deals as a passive investor. Paul is also the co-host of PassivePockets, a BiggerPockets podcast on passive investing. As Jonathan and Paul start their discussion, they explore how Paul earned his investing stripes and flipped most of his single-family properties. Paul outlines his expectations as a limited partner in a syndication, the advantages of being an expert in your local market, and the one asset class Paul would never handle himself. You'll hear the greatest power an investor has, the importance of diversification, and why you need to understand your risk tolerance as a part of your investment strategy. Finally, Jonathan and Paul cover doing your due diligence, remaining patient, and knowing you have an out for an investment when you need it. Syndications are becoming more popular for those seeking passive investing opportunities, and Paul Shannon outlines what you should know before diving in headfirst. In this episode, you will hear: The first time Paul Shannon heard about syndications and how he earned his investing stripes with his first few properties How Paul used his single-family properties and why most were flips His expectations when he invests in a syndication as a limited partner The advantages of being an expert in your local market and partnering with syndications that are experts in their local markets The one asset class Paul would never handle himself, and the greatest power an investor has Remaining diversified to mitigate risk Understanding your risk tolerance as a part of your investing strategy and the connection macroeconomics has to everything Doing due diligence and the importance of patience Being prepared and having outs ready to go when you need them The formation of Paul's company and podcast, and why he's agnostic about asset classes Growing interest in syndications and where it's coming from GPs and a willingness to say no to LPs who aren't a good fit Follow and Review: We'd love for you to follow us if you haven't yet. Click that purple '+' in the top right corner of your Apple Podcasts app. We'd love it even more if you could drop a review or 5-star rating over on Apple Podcasts. Simply select "Ratings and Reviews" and "Write a Review" then a quick line with your favorite part of the episode. It only takes a second and it helps spread the word about the podcast. If you enjoyed this episode, we've created a PDF that has all of the key information for you from the episode. Just go to the episode page at https://zenandtheartofrealestateinvesting.com/podcast/232/ to download it. Supporting Resources: InvestWise Collective website - www.investwisecollective.com PassivePockets on YouTube - www.youtube.com/playlist?list=PLVOQdep-pAiJ9q6LrQzQmVx4cMo9asVS9 Connect with Paul Shannon on LinkedIn - www.linkedin.com/in/paul-shannon-68255530 Website - www.streamlined.properties YouTube - www.youtube.com/c/JonathanGreeneRE/videos Instagram - www.instagram.com/trustgreene Instagram - www.instagram.com/streamlinedproperties TikTok - www.tiktok.com/@trustgreene Zillow - www.zillow.com/profile/StreamlinedReal Bigger Pockets - www.biggerpockets.com/users/TrustGreene Facebook - www.facebook.com/streamlinedproperties Email - [email protected] Episode Credits If you like this podcast and are thinking of creating your own, consider talking to my producer, Emerald City Productions. They helped me grow and produce the podcast you are listening to right now. Find out more at https://emeraldcitypro.com Let them know we sent you.

Ver todos los episodios