Leaving Wall Street for Main Street: Breaking in to Passive Real Estate Investing with Steven Libman

Published: Dec. 10, 2019, 7:15 a.m.

b"Steven Libman joins us to talk getting out of Wall Street and getting into Main Street. Steven is a multifamily and self storage real estate investor, who came from a real estate wholesaling background. Now he partners with passive investors to buy large commercial real estate in a variety of markets around the country.\\xa0\\n\\nQuotes:\\n\\n\\u201cEspecially in the multifamily and commercial space, many hands make light work and everybody can really contribute.\\xa0 It's a team effort.\\u201d\\n\\n\\u201cWe get to do accelerated depreciation and cost segregation studies where, on average, you're writing off between 30-40% of the total value of the asset. If you're buying a $10 million building, you could write off $3-4 million total.\\u201d\\n\\n\\u201cIn 2007, eight when the stock market fell out, my father lost 45% of his wealth in the crash, and then he died shortly thereafter.\\xa0 He didn't get to ride the wave back up. The first thing that really hit me was, wow, this is a pretty volatile place to keep your money if you can lose half of what you've saved your whole life in one market cycle.\\u201d\\n\\n\\xa0\\n\\nGet in touch:\\n\\nIntegrity Holdings Group\\n\\n\\xa0\\n\\nOther Similar Episodes:\\n\\nPassive Real Estate from a Private Capital Expert with Matt Faircloth\\n\\nHow to Build a Money Moat with Brian Chou\\n\\n\\xa0\\n\\nGuest Bio:\\n\\nSteven Libman graduated from Boston University in 2004 and has spent over 10 years in Real Estate, first as a Broker for several years, then as an investor. Steven endeavors to partner with growth oriented, like minded partners and investors to assist them in achieving their goals of passive income and generational wealth creation. Steven is one of the Managing Partners of a residential investment firm based in NJ, which has become on the largest private investment companies in the state, doing over $50 million in transactions, and over 150 deals a year. Steven and his bride Grace were married in 2007, and delight in their 2 daughters Cadence and Harper. Steven is an active member and sits on the board at their church, sits on the Rutgers advisory board on design thinking, and has been published in Forbes multiple times this year."