Podcast

Zen and the Art of Real Estate Investing with Jonathan Greene

231: Creating Impact Equity Through Real Estate Syndications with Randy Smith

For many investors, it takes a while to become comfortable with syndications. For today’s guest, he tried other real estate investing methods before becoming a syndication expert.

Today’s episode of Zen and the Art of Real Estate Investing features Randy Smith, founder of Impact Equity. He brings over 25 years of experience in corporate sales and leadership to real estate investing and launched Impact Equity in June 2022. Randy’s company helps investors spend money with world-class operators across several projects. He also launched RAI$E Capital Coaching and Consulting to help new capital raisers start their businesses. Randy is the co-host of The Gentle Art of Crushing it.

Jonathan and Randy start their conversation by exploring Randy’s “Rich Dad Poor Dad” background and why it took until he was in his 40s to pursue real estate investing. He shares his first steps to move toward a real estate career, the pros and cons of turnkey properties, and Randy’s initial investing mistakes. Randy shares that he moved to syndications after trying out the BRRRR strategy, the importance of doing your due diligence in syndication investing, and why debt is the biggest risk factor in these transactions. Jonathan and Randy cover the current challenges in his portfolio, the importance of diversifying, and why building a community as an investor is critical. As the discussion winds down, Randy explains the importance of understanding your syndication preferences, how he uses fund of funds, and the three most important things to look for in a deal.

With a lengthy career in sales, Randy Smith brings a unique perspective to real estate syndications and offers expert advice on what to look for.

In this episode, you will hear:

Randy Smith’s “Rich Dad Poor Dad” background and why he was in his 40s before he got started in real estate
The first steps Randy took to move toward a career in real estate
The pros and cons of turnkey properties and his initial mistakes
What brought Randy to syndications after trying the BRRRR strategy
The due diligence required when buying into a syndication
Why debt is the single biggest risk factor in these deals
Current challenges in Randy’s portfolio and the importance of diversification
General principles that apply across multiple asset classes
The importance of community as a real estate investor
Understanding your preferences in a syndication
Fund of funds and how they work
How to find a syndication using Randy Smith’s tips for finding the right buy
The three most important things to look for in a deal
What you can learn from Randy’s coaching program

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