WS1577 Raising $3M in Just Seven Months | Randy Smith

Published: Feb. 14, 2023, 8 a.m.

Assuming your possible circumstances make you do actions that fail-proof your future. Our guest today, Randy Smith got laid off. Thankfully, he had prepared himself financially through passive investing. What's even more amazing is he was able to generate $3M in just seven months!

Randy shares how he attains continuous learning and growth in his investments and raises money through networking and creative methods. He also talks about how he predicts growth in the real estate market in the next 12-18 months and the biggest challenge he faced in syndications. Listen in as he emphasizes the importance of mentorship and education in achieving success and more!


Key Points From This Episode:\xa0

  • How Randy got started in real estate investing.
  • Why you need to prepare for a layoff ahead of time.
  • Learn about passive investments.
  • The benefit of investing in an already large brand.
  • The right mindset and philosophy after doing many investments.
  • What to do and consider if you ever get laid off even with income coming in.\xa0
  • How to raise money and have the confidence to reach out to new investors.
  • The two critically important things to achieve success.\xa0
  • Why do you need a mentor?
  • Where and how Randy got his $3M in just seven months.
  • Know about Randy's podcast and how it has helped him grow his network.
  • Creative ways to raise money and connect with investors.
  • How to start a fund.
  • Randy\u2019s thoughts and projections on the real estate market for the next 12-18 months and how he\u2019s moving forward in today\u2019s market.\xa0
  • How to measure large capital reserves.
  • The biggest syndication struggle that Randy has encountered.
  • Personal and professional metrics that Randy is keeping track of.


Tweetables:

\u201cWhen the layoff occurred this last time I was in a much, much different situation than I was 10 or 11 years prior. And it's all due to the work and effort that I had done in real estate investing.\u201d\xa0

\u201cI'm learning new things and trying to find new ways to connect that new traditional investor to the passive investing space.\u201d\xa0

\u201cThe benefit that I bring to my investors is the due diligence I do on these operators. It is my awareness that I bring to my investors because they're not aware of those.\u201d\xa0


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