WS1591: All You Need to Know About Passive Investing | Claude Condo

When looking at a project to passively invest in, one of the things you must ensure is to find out whether or not an operator is prepared for a downturn. In this #TechandTacticsTuesday episode, Claude Condo teaches us how to get started in real estate investing and how he and his wife set goals for passive investing and income streams. 

He shares how he helps nurses, pharmacists, and physicians invest in commercial real estate. He even gives us tips on how to vet sponsors in investment deals and how to effectively evaluate sponsors to ensure successful investments. Tune in now and also learn how important is diversification across different asset classes and how to navigate the current economic climate. Don’t miss it!

Key Points From This Episode: 

• Claude shares a bit of his background and why he moved into investing in syndications.
• The process of vetting sponsors.
• The timeline for the vetting process.
• The importance of vetting sponsors before investing and the role of trust in successful partnerships.
• The hard stops that you should look for in a sponsor before investing.
• The goals of a passive investor and the importance of diversification across different asset classes.
• Being a passive investor in the current economic climate.
• What’s the biggest challenge to a passive investor?
• Ways to find out if an operator is prepared for a downturn.
• Claude’s advice to passive investors right now.
• The important metrics that Claude tracks both personally and professionally.
• Habits that produce the highest returns for Claude.
• What’s the number one thing that contributed to Claude’s success?

Tweetables:

“Real estate is a small world, so it's important to network and know your sponsors.” - Claude Condo

“It's [underwriting model] a comprehensive list of stuff that we follow to make sure that it meets our criteria and making sure that the investors we can predict the future but at least we can minimize our risk and manage our risk.” - Claude Condo

“Now with this interest rate changing, market changing, that's when you really truly see an excellent sponsor versus an average.” - Claude Condo

“I want to make sure that you have experience in this asset class, and you have proven that you are successful.” - Claude Condo

“Best advice would be to really know the sponsor, check out the track

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