TLP31: Investing and Working a W-2 Job At the Same Time with Arn Cenedella
Are you a W-2 employee who wants to invest in real estate but don’t have the time? Then, listen to this conversation with Arn Cenedella about the benefits of investing as a limited partner. Some benefits Arn mentioned are cash flow, equity growth, tax advantages, and time freedom. And what he likes the most is earning mailbox money! Investing in real estate can be challenging if you’re also working a W-2 job, but it’s possible if you’re a limited partner or a passive investor.
Arn has been in the business for 44 years. He’ll explain the highs and lows of investing in multifamily, what you need to do as a passive investor, how to vet operators and deals, and how to choose the suitable asset class or market. Listen to our conversation now!
Key Points from This Episode:
- Arn’s transition from single-family to multifamily.
- Listening to podcasts made him see the benefits of multifamily investing.
- Multifamily based on housing affordability is more contemporary and mobile.
- Multifamily syndication provides predetermined income regardless of what’s happening in the market.
- One of the positive lows of being a limited partner is losing control of your investment for the duration of the deal.
- As an investor, you need to educate yourself, interact with as many syndicators and operators as you can, and use your life experience and judgment to decide if a deal makes sense or if the operator can be trusted.
- Don’t put all your eggs in one basket. Diversify to reduce risk.
- What are Arn’s tips on how to connect with syndicators and operators?
- One way to decide and choose the market you want to invest in is to sort through your risk tolerance level.
- How do you find the operators who match the assets they are presenting to you?
- Where does Arn see opportunities in the current market?
Tweetables:
“Passive investing provides those (real estate) benefits without the time commitment.” [00:06:39]
“For a passive investor, almost all of your work is before you invest. That’s when you spend the time. Once you make the investment, you can sit back. So, do your homework first before investing your hard-earned cash.” [00:12:53]
“As long as you’re prudent, and you can ride out a little turbulence, you’re going to be happy you’re on real estate.” [00:21:02]
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