Podcast

Zen and the Art of Real Estate Investing with Jonathan Greene

232: How To Invest Together and Think Differently About Real Estate with Paul Shannon

Making mistakes and learning from them is all part of the real estate investing game. Today’s guest shares the lessons he’s learned along the way, especially when it comes to syndications.

On this episode of Zen and the Art of Real Estate Investing, Jonathan interviews Paul Shannon, a fund manager at InvestWise Collective. Paul has acquired more than 200 residential units by recycling equity and JV. He is a limited partner who has invested in more than 40 deals as a passive investor. Paul is also the co-host of PassivePockets, a BiggerPockets podcast on passive investing.

As Jonathan and Paul start their discussion, they explore how Paul earned his investing stripes and flipped most of his single-family properties. Paul outlines his expectations as a limited partner in a syndication, the advantages of being an expert in your local market, and the one asset class Paul would never handle himself. You’ll hear the greatest power an investor has, the importance of diversification, and why you need to understand your risk tolerance as a part of your investment strategy. Finally, Jonathan and Paul cover doing your due diligence, remaining patient, and knowing you have an out for an investment when you need it.

Syndications are becoming more popular for those seeking passive investing opportunities, and Paul Shannon outlines what you should know before diving in headfirst.

In this episode, you will hear:

The first time Paul Shannon heard about syndications and how he earned his investing stripes with his first few properties
How Paul used his single-family properties and why most were flips
His expectations when he invests in a syndication as a limited partner
The advantages of being an expert in your local market and partnering with syndications that are experts in their local markets
The one asset class Paul would never handle himself, and the greatest power an investor has
Remaining diversified to mitigate risk
Understanding your risk tolerance as a part of your investing strategy and the connection macroeconomics has to everything
Doing due diligence and the importance of patience
Being prepared and having outs ready to go when you need them
The formation of Paul’s company and podcast, and why he’s agnostic about asset classes
Growing interest in syndications and where it’s coming from
GPs and a willingness to say no to LPs who aren’t a good fit

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