WS1583: Questions To Ask Before Passively Investing | Mike Roeder

Believing you cannot do everything all by yourself and delegating what you do can also mean scaling in terms of business. Join us as we speak with Mike Roeder on passive investing in the real estate industry. He discusses the key questions that passive investors should ask before investing in real estate, including what they wish they had known early on.

He also talks about his assets under management and shares his insights on the transition from single-family investments to multifamily. In this episode, Mike also shares about how he raised $100 million for real estate and multifamily deals and how it helped a lot of passive investors as well. So tune in now whether you’re a passive or active investor!

Key Points From This Episode: 

• Mike shares his background and current focus in real estate.
• Mike talks about the strategies he uses to scale his business.
• How to get started with passive investing and the passive investors that Mike helped succeed.
• Mike enumerates the deal-level questions to ask and the specific market questions for passive investors.
• What kind of rent increases should the GP look for?
• How many operators should a passive investor diversify into and Mike’s operators, deals, and market suggestions.
• Mike’s predictions for the next 6, 12, 18 months and how it affects his actions in the market.
• How much capital should you have upfront before doing a deal?
• Mike’s best source for meeting new investors in the current economy.
• The personal and professional metrics that Mike is tracking.
• The habits that produced the highest returns for Mike.
• The number one thing that contributed to Mike’s success.

Tweetables:

“It all came from just kind of changing that mindset into doing everything by myself to bringing on partners and bringing on management companies and people that allowed us to really scale our business.” - Mike Roeder

“You can't do everything yourself. So you have to bring on team members, whether that's in-house employees, or if you're hiring a great third party property management team or a CPA or legal team, that'll help significantly.” - Mike Roeder

“If you're in the market where they're investing that general partnership team, go and drive by a couple of their properties. You're going to be able to tell a lot if you drive those properties and they're well-kept.” - Mike Roeder

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