What to Look for as a Limited Partner with Jake Wiley, Ep. 424

Jake Wiley is an entrepreneur, CPA, former CFO, and real estate investor. Jake was the founder at Solar Inverted LLC, a Louisiana-based Residential Solar Finance and Installation Company, which was later acquired by Palmetto Group, where Jake led strategic initiatives until late 2018. Jake’s diverse industry experience in both corporate and startup companies, as well as his layered work experience as an executive, founder, and advisor, allow for his unique, well-rounded, and informed perspective on the transition to becoming a Limited Partner. We talked to Jack about why and how he switched to being an LP, what to look for when getting into real estate investing, and his show “The Limited Partner”.   Announcement: Download Our Sample Deal and Join Our Mailing List   [00:01 – 07:14] Opening Segment  Jake talks about his background. He talks about how he started investing; How he started raising money; Why he now prefers to invest as a limited partner; [05:14 – 19:15] A Limited Partner Why and how he transitioned into passive investing; Where property managers aren’t useful; He talks about some of the benefits of investing in larger properties Jake gives some advice to those who want to switch to the passive side; [19:15– 27:22] What to Look for When Starting Out What to look for when getting into real estate investing; The importance of getting educated before getting started; Jake talks about his show “The Limited Partner” Why you should consider investing passively before you get to the active side;    [27:22 – 34:28] Round of Insights Apparent Failure: His first business model when he got started   Digital Resource: airdna.com   Most Recommended Book: Authority   Daily Habit: Journaling   #1 Insight for Investing as an LP: Take your time with your first investment.   Best Place to Grab a Bite in Charleston:  The Long Island Cafe   Contact Jake: To learn more go to thelimitedpartner.com.   Tweetable Quotes: “It’s so powerful when you find out that you don’t have to trade time for dollars anymore.” -Jake Wiley   Thank you for joining us for another great episode! If you're enjoying the show, please LEAVE A RATING OR REVIEW,  and be sure to hit that subscribe button so you do not miss an episode.