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b"Mark Cira is a registered CPA in Illinois, CFO of Cogent Security Consulting, and a co-founder of Cira Capital Group. Since 2002, he has overseen the planning and construction of more than $30 billion of industrial assets.\\xa0 His experience working in legal and consulting firms such as Schiff Hardin LLP, Navigant Consulting, and Ernst and Young has honed his skills for sourcing opportunities, vetting operators, and performing due diligence. Since 2015, Mark has diversified into passive real estate investments, including multifamily, mobile home parks, and self-storage assets.\\xa0\\nHe applies his long-tenured expertise to private real estate, where his passion for investing has resulted in general partnerships worth more than $25 million of commercial real estate assets. Mark is also a co-founder of Hardscrabble Developments, which builds reasonably priced, mid-market, single-family homes and condos in Chicago.\\n\\xa0\\n[00:01 - 08:05] Opening Segment\\nGet to know Mark Cira\\nMark takes us back to when started in real estate\\n\\xa0\\n[08:06 - 16:44] Moving from Active to Passive Real Estate Investing\\nBalancing real estate and being active in your day jobThe day job could be an opportunity to invest in real estate\\n\\nThe Shift to Passive SyndicationBe careful not to jump in with the wrong operators\\nDue diligence with the sponsors\\n\\n\\xa0\\n[16:45 - 33:14] Underwriting, Diversification, and Fundings\\xa0\\xa0\\nEvery underwritten model will be wrongAsk the reasons for the changes\\n\\nMath Errors in Underwriting\\nDiversification in this industry is very importantSystems and processes are key in funding\\n\\nWhy REITs are not the better option\\xa0\\n\\xa0\\n[33:15 - 43:29] Closing Segment\\nQuick break for our sponsorsGroundfloor offers short-term, high-yield real estate debt investments to the general public. Check www.passivewealthstrategy.com/groundfloor/ to get started.\\n\\nWhat is the best investment you've ever made other than your education?Investments that save time\\n\\nMark\\u2019s worst investmentPartnerships that cost more time than the value of the purchase\\n\\nWhat is the most important lesson that you've learned in business and investing?\\u201cBe selective.\\u201d\\n\\nConnect with my guest. See the links below.\\n\\xa0\\nTweetable Quotes:\\n\\u201cYou're really buying yourself a new job when you want to become a syndicator.\\u201d - Mark Cira\\n\\u201cInsurances are constantly outpacing inflation.\\u201d - Mark Cira\\n\\u201cYou don't want to be a slave to the hourly bill rate.\\u201d - Mark Cira\\n------------\\nConnect with Mark Cira through Facebook, Instagram, Twitter, and LinkedIn. Or you can visit Cira Capital Group and diversify your investment horizon.\\n\\xa0\\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.\\xa0\\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"