Why Passive Real Estate Investing beats Active with Rick Martin
Our guest for today, Rick Martin, has been investing in Real Estate since 1997. Prior to commercial multifamily, he purchased several single-family rentals, flips, and small multifamily apartments. He has successfully taken distressed, small multifamily apartments and repositioned them into well-performing assets. In addition to real estate, Mr. Martin has led a career in Entertainment and commercial advertising, filing the needs of clients that include NBC, CBS, ESPN, Lions Gate Films, and Columbia Pictures, to name a few. He leverages this experience as a real estate investor.
[00:01 – 06:22] Opening Segment
- I talk briefly about great values that await you in this episode
- I introduce the guest, Rick Martin
- Rick talks about the lessons he learned from his first investments
[06:23 – 13:01] A Shift to Passive Investing
- Rick talks about his shift into passive investing
- Lessons from Syndications
- Start with a sponsor
- Familiarize with the key components of a market
[13:04 – 20:23] Deal Breakers
- Rick talks about deal-breakers in a Syndication
- Fees, waterfalls, equity splits in a Syndication
- Active and Passive Investing
[20:24 – 28:29] Closing Segment
- Quick break for our sponsors
- What is the best investment you've ever made other than your education?
- Fourplex in Indianapolis
- What is the worst investment you ever made?
- Investing in a beach property in Costa Rica
- What is the most important lesson that you've learned in business and investing?
- Look to always add value in a business
- Connect with Rick. See the links below.
Tweetable Quotes:
"In a business, self-analyze, self-reflect and look to always add value.” - Rick Martin
“It’s not all about the returns all the time.” - Rick Martin
“If you can sleep at night, and you’re losing peoples’ money, you shouldn’t be in this business at all.” - Rick Martin
Resources Mentioned:
Connect with Rick on LinkedIn or visit his facebook page and website at https://www.fortressfederation.com/ . Be sure to check out his Youtube channel here
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