The Real Estate Syndication Show WS1614: Grow Your Passive Investments to Leave Your W2 Job | Victor Leite
There is power in taking action and stepping out of your comfort zone. In this episode, Victor Leite talks about leaving his full-time job in healthcare to pursue his passion for real estate investing. He shares how he has acquired and managed over $30 million worth of multifamily assets and generated enough passive income to achieve financial freedom.
Listen in as Victor also speaks about how the multifamily deal was a success with the help of experience, confidence, and a careful approach to underwriting and finding the right team. Tune in now and also get tips on what questions you should ask your operators so you know they’re the right fit for you!
Key Points From This Episode:
- Victor‘s backstory about his personal life and why he left the American Dream and pursued real estate.
- How did Victor and his wife transition their focus and skill sets to multifamily space?
- The importance of not just figuring out what you want to do but figuring out where you want to end up.
- Victor talks about his first multifamily deal, how he found it, and how he raised money for it.
- What gave Victor the confidence to move into a large multifamily deal and know that he will be successful?
- Questions passive investors can ask to ensure that the operator they are investing with has the right team for their projects.
- Victor’s predictions for the real estate market in the next 6, 12, and 18 months.
- How is Victor prepared for a possible big downturn?
- Victor’s biggest source for meeting new investors.
- The important metrics that Victor track.
Tweetables:
“You reached that level of American Dream that everybody's in search of. But five years plus into it, working private practice 60 hour plus long work weeks, overnight on call dealing with the medical business world, it just started taking a toll on me. You felt this burnout coming, you felt the stress coming.” - Victor Leite
“In real estate, it's a place that anyone can get started and could reach some form or some level of financial freedom.” - Victor Leite
“Everybody's trying to figure out what they want to do, how they want to do it, but they never figure out where they want to end up. Where is your outcome-driven goals? And you need to start at your outcome-driven goals, and work your way backwards and focusing on prioritizing the do's, the don'ts, the defers and then the dumps.
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