3 Steps to Your First Passive Investment

With whatever we decide to do in life we always get there by doing 3 things. This doesn’t only fit investing but in all aspects of your life. Since we focus on investing, this will be geared in that direction. There is a process to getting comfortable with relinquishing $50,000+ on an investment and we don’t just get there overnight. Unless your used to making financial decisions on a scale of 5-8 figures on an investment, your going to need to build up to that level to feel comfortable to wire capital in huge sums into an investment. Let’s walk through that process now:

1. You must believe in something and you can see yourself doing it. In this case, you must believe in real estate investments.
   • We must get passed the idea (key word) that investing in real estate is great and come to believe that its good.
   • Comes with educating ourselves in the topic we are researching.
2. Once you believe, you then must set your criteria. A lot of times I see questions asked, what should I invest in?
   • What would make you comfortable in your passive investment?
   • What is your risk tolerance?
   • Are you looking for just cash flow?
3. Just start:
   • Reach out to sponsors and build relationships. Start networking to position yourself to see opportunities for the future that meet your criteria to invest in. Build that comfort and trust.
   • Go at your pace and don’t go all in on your first one investment.
   • Trust yourself and your research and remember that you believe in this investment

By starting to believe allows us to further educate ourselves by gaining confidence, we then build up to looking at opportunities. Investors receive those investment opportunities by connecting with the operator that they feel comfortable making an investment with. Practicing these three tips will help you further your investment confidence and help you achieve your financial goals.