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b"In this episode, Steve Davis shares about his experience from his career to his educational dissatisfaction in the military. He also shares how he got into real estate and how he was always hustling for the next deal and eventually transitioned to become a more passive investor. Stephen also talks about the common misconceptions related to passive investing and how to overcome them and be a successful passive investor\\n\\n[00:01 - 07:31] Opening Segment\\nSteve shares about his background in the military and how he transitioned to real estate\\nHaving a realization to take real estate seriously\\xa0\\nFrom real estate investor to teaching others how to besmart investors in real estate\\n\\xa0\\n[07:32 - 13:43] Wholesaling, Flipping and Taxes\\nWholesaling and flipping are earned income\\xa0\\nWholesaling and flipping takes up alot of your time but has little return on investment\\nBenefits of having hindsight on a deal\\xa0\\n\\n[13:44 -19:17] Being Principally Centered\\xa0\\nDon\\u2019t be threatened by other syndicators\\xa0\\nMaintaining a well balanced life\\xa0\\nHaving a abundance mentality\\xa0\\nKnow what you want to get out of the deal\\xa0\\n\\xa0\\n[19:18 -24:21] Misconceptions in Passive Investing\\xa0\\nCash flow you get quarterly is relatively low\\xa0\\nNot everyone can become a passive investor\\nYou need to be sophisticated or accredited\\xa0\\nImportance of being educated in the real estate space\\xa0\\n\\xa0\\n[24:22 - 33:40] Closing Segment\\nQuick break for our sponsors The first step to growing your wealth is tracking your wealth, income spending and everything else about your finances, you can start tracking your wealth for free and get six free months of wealth advisor.\\xa0 Learn more about Personal Capital at escapingwallstreet.com\\xa0\\n\\nWhat is the best investment you've ever made other than your education?First 10 unit apartment complex\\n\\nSteve Davis\\u2019s worst investments\\xa0The same first 10 unit apartment complex\\xa0\\n\\nWhat is the most important lesson you\\u2019ve learned in business and investing?\\xa0Happiness equaled teaching, not running the apartments.\\n\\n\\nConnect with Steve Davis:\\nWebsite:https://totalwealthacademy.com/\\n\\nInvest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/\\nParticipate directly in real estate investment loans on a fractional basis. Go to www.passivewealthstrategy.com/groundfloor/ and get ready to invest on your own terms.\\nJoin our Passive Investor Club for access to passive commercial real estate investment opportunities.\\nLEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or click here to listen to our previous episodes\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\n\\xa0\\nTweetable Quotes:\\n\\u201cBut if you were to ask me what I think the biggest misconception is [about passive investing]. Anybody can passively invest. That's not true. You've got to either be sophisticated or accredited.\\u201d -Steve Davis"