Inside the Mind of a Prolific Passive Investor with Andrew Rosenberg, Ep 4

Journey to Multifamily Millions

Our guest on this episode is Andrew Rosenberg, a passive investor in real estate, who live in Hawaii with his wife and son. His journey started with investing in duplexes and single-family homes following the financial crisis, after which he transitioned to passively investing and now is invested in over 23 syndications totaling over 3400 units.

In this episode, Andrew explains the necessary considerations passive investors need to make when they start out investing in multifamily. He also emphasizes the need for deal sponsors to have effective communication and transparency when dealing with investors.

Episode Topics

• [00:36] Meet our guest on this episode, Andrew Rosenberg.
• [01:28] Getting started in real estate; the huge role of network meetups and transitioning from single-family units.
• [07:58] Andrew's first passive real estate deal; learning the importance of the rental management side in a deal.
• [15:06] How to vet sponsors and deals.
• [27:45] Red flag; An exit cap rate that's lower than the entry cap rate.
• [30:26] Myth; The idea that anything in life is passive.
• [33:42] Andrew's definition of success is continuous learning and having fun while making money.
• [35:52] Connect with Andrew.

Notable Quotes

- "That's why I like that people should own at least one single-family prior to multifamily investing as a syndicator because you have a better appreciation that life just doesn't happen in an orderly fashion"

- "The property is great; that's an asset but if you don't run it right, it doesn't work"

- "If you can't buy the rate cap, it implies to me your deal is too skinny, and we don't need a skinny deal"

- "In the long run, it's better to get the right investors matched with the right deal"

- "Bad news doesn't get better with time; when things happen, there cannot be silence"

- "The idea that anything in life is passive is kind of a misnomer"

- "Most people would spend more time picking a refrigerator than they are going to spend on picking an investment"

- "Work is work if you don't like what you're doing, or you're doing it for a paycheck"

- "Time is the most valuable currency; you know the federal reserve can't print more of it"

Connect with Andrew Rosenberg

· Andrew on LinkedIn: https://www.linkedin.com/in/andrew-rosenberg-791a0a202/

· Email - [e-mail]

Connect with Tim

· Subscribe, Rate, and leave a review

· Visit www.ZANAinvestments.com for more info on Tim and how you can passively invest in multifamily real estate

👉 Connect with Tim

• Linkedin: Tim Little
• Instagram: @tim_at_zana
• Email: [e-mail]
• Visit www.ZANAinvestments.com for more info on Tim and how you can passively invest in multifamily real estate
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https://podcasts.apple.com/us/podcast/journey-to-multifamily-millions/id1634643497