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When looking at a project to passively invest in, one of the things you must ensure is to find out whether or not an operator is prepared for a downturn. In this #TechandTacticsTuesday episode, Claude Condo teaches us how to get started in real estate investing and how he and his wife set goals for passive investing and income streams.\xa0

He shares how he helps nurses, pharmacists, and physicians invest in commercial real estate. He even gives us tips on how to vet sponsors in investment deals and how to effectively evaluate sponsors to ensure successful investments. Tune in now and also learn how important is diversification across different asset classes and how to navigate the current economic climate. Don\u2019t miss it!

Key Points From This Episode:\xa0

• Claude shares a bit of his background and why he moved into investing in syndications.
• The process of vetting sponsors.
• The timeline for the vetting process.
• The importance of vetting sponsors before investing and the role of trust in successful partnerships.
• The hard stops that you should look for in a sponsor before investing.
• The goals of a passive investor and the importance of diversification across different asset classes.
• Being a passive investor in the current economic climate.
• What\u2019s the biggest challenge to a passive investor?
• Ways to find out if an operator is prepared for a downturn.
• Claude\u2019s advice to passive investors right now.
• The important metrics that Claude tracks both personally and professionally.
• Habits that produce the highest returns for Claude.
• What\u2019s the number one thing that contributed to Claude\u2019s success?

Tweetables:

\u201cReal estate is a small world, so it's important to network and know your sponsors.\u201d - Claude Condo

\u201cIt's [underwriting model] a comprehensive list of stuff that we follow to make sure that it meets our criteria and making sure that the investors we can predict the future but at least we can minimize our risk and manage our risk.\u201d - Claude Condo

\u201cNow with this interest rate changing, market changing, that's when you really truly see an excellent sponsor versus an average.\u201d - Claude Condo

\u201cI want to make sure that you have experience in this asset class, and you have proven that you are successful.\u201d - Claude Condo

\u201cBest advice would be to really know the sponsor, check out the track

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