S5E49: Real Estate Investment: Deals That Make Money

The Mentee Podcast

Real estate investment is one of the most tried and tested ways to build passive income. It presents many opportunities to generate wealth and value, but it also requires courage. Having a mentor to guide you significantly boosts your chances of success.

In this episode of The Mentee Podcast, Jan Wanot shares his real estate investment journey and how it improved his quality of life. He also describes the joy of partnering with people who would invest as he does.

What's the right mindset for investing in real estate, and what makes a tempting deal? Tune in to the episode to learn all about it!

Here are some power takeaways from today’s conversation:

• Investing in real estate takes courage.
• Look for mentors and investment partners to succeed.
• Carefully weigh the gains and risks of any business venture.
• Grow your portfolio.

Episode Highlights:

[05:03] The Beginning of Jan’s Real Estate Investment Story

When Jan left college, he worked and saved around $20,000 annually. He realized he needed to do more to grow financially. After two failed businesses, Jan bought a house and rented it out. When it generated profit, he searched for partners that would invest with him in more real estate properties.

[16:29] The Importance of Partnership and Positive Mindset

The fear of failure did not stop Jan. Real estate investment requires courage to face risks. Jan found courage in the partners and mentors he had alongside him.

[21:29] Jan’s Mentorship Programme

Jan started a Facebook group called WA Real Estate Investing. This group became his platform for sharing investment insights. He launches a masterclass biannually where young investors can access mentorship, resources, and tools.

[27:58] A Look Into Jan’s Current Investment Portfolio

Currently, Jan has 224 real estate investment units operating through investment partnerships — and not a single one is owned by him alone. Most are mobile homes, but there are a few luxury homes and mid-graded multi-family homes.

[33:22] What Makes an Attractive Investment Deal

For Jan, an attractive investment deal should have significant returns within five years. Moreover, he had to be excited about the likely case while capable of living out the worst case. Jan also prefers to do less operational work if possible.

Notable quotes from the Episode:

[13:16] “If you wanna go fast, go alone. If you wanna go far, go together.”

[39:09] “I have to be happy with the likely case, and then I have to be able to live, and my capital partners have to be able to live, with the worst case.”

[52:47] “There’s always bigger fish in the pond.”

Resources Mentioned:

Connect with Wyatt Graves: LinkedIn | Website

The Mentee Podcast: Website | Apple | Spotify

Connect with Jan Wanot: Facebook | Email

TGL Group

Washington Business Week

The Road Less Stupid by Keith Cunningham