Apr 19, 2023
As the Founder of Impact Equity, Randy Smith is a seasoned real estate investor who is committed to helping other investors achieve success in their passive real estate investing strategies. With 25 years of experience in various business development and leadership roles in Corporate America, Randy has developed a deep understanding of what it takes to build and grow successful businesses. Randy started his real estate investing career with out-of-state single-family long-term rentals, but quickly realized the benefits of passively investing in multifamily, self storage, and mobile home syndications. Over the years, he has invested in 18 different syndications with 8 different operators, giving him a unique perspective and expertise to identify strong passive investment opportunities. Randy currently resides in Peoria, Arizona with his wife Jenny.
Are you tired of feeling like you're not making enough money from traditional investments? Have you considered real estate investing but are hesitant due to misconceptions? Look no further than this episode, where Randy shares valuable information and advice on how to save time, avoid costly mistakes, and build wealth through commercial multi-family properties. From emphasizing the potential for wealth growth and passive loss deductions, to stressing the importance of finding reliable experts to maximize returns, Randy covers it all. He even shares his own story of transitioning from self-managing residential properties to commercial multi-family investments and advocates for self-directed investing as a way to create livable income in earlier years. Tune in now and start building your wealth through real estate investing!
[00:01 - 07:33] Crowdfunding and Group Investing Options
[07:34 - 15:25] Real Estate Investment Offers Wealth Growth Potential and Passive Loss Benefits, but Mindset and Misconceptions Can Hinder Understanding
[15:26 - 23:05] Closing Segment
Tweetable Quotes:
“But until you see the dollars hit your bank account or the K one actually impact your tax return, like, I can tell you the story all day long, but until it saves you 25 or 50 or a hundred grand, you can't really begin to understand what it means for you.” – Randy Smith
“I think one of the biggest challenges, or one of the biggest lies we're teaching our kids, is that invest into a 401k when you're young.” – Randy Smith
You can connect with Randy Smith through his:
Email: RANDY@IMPACTEQUITY.NET
Social Media: LinkedIn, Instagram
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Are you confused about where to start? Join our community and learn more about real estate investing. Head over to our Facebook Page, Youtube Channel, or website https://www.theacademypresents.com/jointhesummit36848306.
Connect with Lorren Capital, LLC. for syndicated multifamily investments, https://lorrencapital.com/.
To learn more about me, visit my LinkedIn profile, and connect with me.