Episode 25 with Randy Smith
“Like, that's a big deal that, you know, people save, for maybe two years for that $25,000. But if we can get that thing doubling every three to five years, and if you look at when they, maybe you do it every two years, or maybe every year you put another 25 grand in there, at some point when deals start going full cycle, you're creating this income that is essentially, it's just, it's tax advantaged income that you don't have to go to work for. And if you do get laid off from your job, like I got laid off from my jobs two times, it feels, you have a whole new freedom once your core expenses are covered in your household.”
Join Glenn as he interviews Randy Smith, the founder of Impact Equity. Randy spent 25 years working in sales for Fortune 100 and 200 companies. While still working his corporate job, he began investing his extra capital in real estate and eventually shifted to passive investing through a syndication model. After being laid off, Randy focused his energy on the Fund-to-Fund model and building his own business. He has helped over 100 investors find opportunities since 2022, with a goal to help 100 investors become millionaires before the end of 2030.
Glenn and Randy discuss:
- His transition from sales to real estate investing
- What he learned from early real estate investments
- Pivoting from the BRRR strategy to passive investing
- The structure of the Fund-to-Fund model
- The importance of your network and small investors
- The power of cash flow assets and passive investing to build wealth
- The importance of diversification in your portfolio
- The syndication model in short term rentals
- The benefits of investing in multi-family real estate
- Personal and business metrics for success
- His podcast and Impact Equity
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THE MILLIONAIRE JOURNEY
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