Can passive investments help you build wealth in 2022?

Andrew Davis is the Director of Investor Relations for PassiveInvesting.com, where he has helped raise over $200 million dollars for various assets. He began his career in sales, working for Fortune 500 consumer packaged goods companies, receiving multiple promotions and developing leadership, sales, marketing, and operational experience. Andrew is passionate about real estate investing since his early college years, he began the “side hustle” of investing in single-family RE in his 20’s and raised capital from friends, family, and in some cases complete strangers to acquire his first few deals. In this episode, Andrew will share insights about the passive investment strategy, how they compare to direct investing, how to participate in it, and some red flags to be aware of. Episode Links: https://www.passiveinvesting.com/ https://www.passiveinvesting.com/andrew-davis/ --- Before we jump into the episode, here's a quick disclaimer about our content. The Remote Real Estate Investor podcast is for informational purposes only, and is not intended as investment advice. The views, opinions and strategies of both the hosts and the guests are their own and should not be considered as guidance from Roofstock. Make sure to always run your own numbers, make your own independent decisions and seek investment advice from licensed professionals.   Michael: What's going on everybody? Welcome to another episode of The Remote Real Estate Investor. I'm Michael Albaum. And today with me, I have a very special guest, Andrew Davis, who is the director of Investor Relations at passive investing.com. And today Andrew is going to be talking to us today about what you need to be aware of if you are going to participate in a passive investment, what passive investments even are, and some red flags to be aware of, if you're going to be jumping on board with these. So let's get into it.   Andrew Davis, what's going on, man, thanks so much for taking the time to hang out with me today. I really appreciate you coming on.   Andrew: Michael, it is my pleasure. Thanks so much for having me.   Michael: No, it's my pleasure. So you're based on the East Coast, right?   Andrew: That's correct. I'm in Asheville, North Carolina, not to be confused with Nashville, Tennessee. You got to menstruate the ash.   Michael: I could see that being a very common misconception.   Andrew: Yeah, you really gotta really gotta lean into that A.   Michael: So tell us, give us a quick backstory on kind of who you are, where you come from, and how you got involved in the passive investing space?   Andrew: Yeah, absolutely. So yeah, I am Andrew Davis, I'm the director of Investor Relations for passive investing.com. And we are a private equity, a commercial real estate investment group. So what we do effectively is we buy large institutional quality, multifamily and self-storage assets. And all that means is, you really kind of three factors: the market, the deal size, and the class of the investment. And so 30 to 100 plus million dollar purchase price, this is kind of our typical acquisition. So as we're wrapping up our biggest deal today in the Fort Myers market, that's 109,000,300 Plus unit deal.   It's yeah, big what the managing partners called Big Boy deal and, and then it's, uh, you know, we played just kind of higher quality asset classes, we'll probably dig into that a little bit more. So it's what's called the suburban class as that we also might be class assets. And then the markets that we play in are primarily the Sunbelt market. So those are North and South Carolina, Georgia, Florida, Texas, and Arizona. And then we're also looking in Denver, Colorado, and Boise, Idaho, as well. And so that's just kind of high level of our strategy.   And how I landed here, is, you know, started out in the single family space like many of your listeners have or are, and man, it's, it's a tremendous place to start. But a lot of wealth can be created there. And there's tons of