Passive vs Active Investing W/ Dusten Hendrickson
There are several different ways to get started with real estate investing and it all depends on your vision, goals and availability. On this episode, Jake and Gino talk with Dusten Hendrickson. Dusten develops real estate, purchases existing value add real estate, and invests passively as an LP. He also helps others invest in the same deals he invests in. He owns and asset manages over 300 units and he passively invests in over 1000 units.Key takeaways from this episode:
- Revenue is vanity, profit margin is sanity and cash is king.
- Focus on ROE (Return on Effort), not just scaling up.
- Moreover to begin with passive real estate investing, consider syndication as it allows you to own real estate without management responsibilities and other related liabilities that are typically there to take care of in active real estate investing.
- Use social media to establish your credibility as an industry specialist and grow your network.
This episode starts from roofing, covers do’s and don’ts in real estate investing and ends with how to keep your ego under check. You don’t want to miss on this freewheeling discussion.
Learn more about Dusten’s initiatives: www.mailboxmoneyre.com
Curious about Multifamily Investing? Register for this complimentary training now: https://bityl.co/6v71