One of the challenges of a limited partner is finding the right team to invest with. Today our guest, Reed Goossens, will discuss what an L.P. should look for when vetting an operator. Reed owns a multifamily syndication investing firm. Based on his vast experience as a syndicator and operator, Reed will teach us to ask the right questions and analyze how a team operates a deal.
You’ll also hear about Reed’s personal story of how he started his real estate journey in Australia and then moved to the U.S. He will share how hiring a coach has helped him scale. His insights on mentorship could be the catalyst for your growth, so listen now!
Key Points from This Episode:
“Small actionable steps done consistently lead to good results.” [00:06:51]
“[Hiring a mentor] is the act of taking a bet on yourself. You’re taking your own money and saying I’m worth going out and putting in, investing in myself to help get someone to look over my shoulder; getting someone to be that mentor to help me, guide me on my path towards where I want to go.” [00:14:14]
“Over time, as you get track record, as you build a brand, as you build your systems internally, more people are attracted to you.” [00:18:01]
“In the beginning, go out and vet a lot of operators, talk to them, understand their processes, understand how they’re finding deals, understand how they’re underwriting deals in today’s market.” [00:20:31]
About Reed Goossens
Reed is a real estate entrepreneur, investor, author, public speaker, and an all-around good bloke!
His background is in civil/structural engineering and he has had over nine years of professional experience before taking the plunge full-time into real estate investing and development. One of his career highlights as a civil/structural engineer was being involved with the infrastructure development of the 2012 Summer Olympic Games in London. Reed has also worked worldwide as an engineer, including in Australia, NYC, Los Angeles, Fiji, and Europe.
He moved to the U.S. in 2012 for the love of two things: his wife and the Big Apple, NYC! Within the first year of living in the U.S., he had purchased his first duplex for $38,000. This experience taught him the benefits of investing in cash flow in the U.S.
Reed has started two multifamily syndication investing firms that have acquired over $500 million worth of real estate. He has also launched the podcast, Investing in the U.S., where he interviews the cream of the crop within the real estate industry to educate better other investors who want to break into the U.S. market and start investing in multifamily real estate today.