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Welcome to The Legacy Wealth Podcast where we help accredited business owners become educated & get access to, private investments that the wealthiest investors in the world utilize to grow their net worth. We do this by providing insight & access to successful fund managers & investors across multiple asset classes.
We are your hosts, Pascal Wagner & Mike Klein, and today we are interviewing Wayne Barringer, CEO @ WBC In-House Advisors and we'll diving into:
- How to spread out your investments
- The importance of clear communication between fund managers and investors
-And the importance of learning from failures in investing and not being deterred by losses
Links from this episode:
- If you're looking for highly vetted opportunities to invest in, get access to our deal database of alternative investments & join our investor club at www.getfundbase.com.
- Watch the show on YouTube here: https://youtu.be/sgUD2A_m80Q
About Wayne Barringer:
At work, I do PR and employee communications & general management consulting. At home, I play drums, run races and coach kids sports.
Links from our Guest:
- https://www.linkedin.com/in/waynebarringer/
- https://www.linkedin.com/company/wbc-advisors/
- https://wbcadvisors.com/
- hello@wbcinhouse.com
Time Stamps:
00:00 - Intro
01:45 - Wayne Barringer's background
02:31 - Wayne discusses his transition into investing in funds
03:21 - Wayne mentions his exposure to real estate through educational resources
03:58 - The importance of deploying cash and avoiding inflation
04:30 - The allocation of Wayne's portfolio between the market and private investments
05:45 - Wayne's preference for funds and syndications
07:28 - The attractiveness of private investing
08:17 - Wayne's decision-making process and due diligence for the first investments
11:26 - The importance of understanding if a deal is dependent on a refinance event
12:22 - The concept of floating rate debt and refinancing
14:14 - The importance of understanding the track record and reputation of the general partners
15:00 - Wayne discusses the ideal qualities of a perfect fund and the importance of communication during challenging times
16:11 - Wayne observes that deal pitches often focus on statistics and market trends without addressing the element of risk
17:16 - Capital preservation should be the primary focus when discussing deals with investors
18:30 - Wayne comments on property managers cutting costs in refurbishing model units
20:00 - Wayne's practice of personally visiting and evaluating properties to ensure due diligence as an investor.
22:19 - Difference between due diligence and communication/marketing aspects
24:38 - Whether LPs would want to be involved in such discussions
25:29 - Wayne's mindset
27:21 - Wayne describes how his mindset has changed over time and how he has learned from his mistakes
29:08 - The concept of private investing to include real estate, tech funds, and
partnerships in small businesses
30:34 - Wayne's interest in exploring different asset classes, such as laundromats, small businesses, and tech funds.
33:15 - The importance of de-risking strategies implemented by the general partners (GPs) in the deals
36:20 - Wayne mentions his shift towards prioritizing deals that provide regular cash flow to mitigate risk in case of business downturns
38:10 - The psychological cycle of feeling smart during good times and not so smart during challenging times
39:00 - Wayne discusses the importance of accumulating and stabilizing cash for future investment opportunities
41:30 -Wayne shares his current approach of being more deliberate and proving the performance of GPs before making further investments
43:30 - The value of being in a deal and the unique learning experience it provides
44:30 - The physical and emotional difference of being directly involved in a deal compared to studying from a distance
45:45 - Outro
Creators & Guests
Host
What is Grow Your Cashflow Podcast?
Welcome to Grow Your Cashflow Podcast where we help accredited investors learn how to earn consistent monthly passive income from private placements.
If you're uncertain about where to invest for dependable returns, have limited access to exclusive opportunities like private placements, or are looking for expert insights and guidance on generating consistent income across various asset classes, then this show is tailored just for you.
By listening to this show, you'll achieve your passive income goals faster by learning:
🚀 Proven strategies to secure monthly passive income.
💡 Expert insights from successful fund managers and investors.
🌐 How to access exclusive opportunities in private placements.
📈 Techniques to diversify across multiple asset classes for a robust portfolio.
💰 The well-guarded secrets of wealth accumulation used by the world's elite.
Try listening to our most popular episodes on your favorite podcasting platform or on YouTube. We look forward to you joining our community of investors. You’ll be one step closer to growing your cashflow!