AREI 21: Why Education is Key for Millennial Real Estate Investors with Daisy Serrano & Luc D'Abreau
A lot of millennials want to invest in real estate. The thing is, many of them are afraid to take a risk or have no idea how to start. Today’s guests, Daisy Serrano and Luc D'Abreau will talk about how they can address it with the right education.
Daisy & Luc serve as Managing Partners for Make It Rain Capital, a private equity multifamily investment firm focused on acquiring apartment properties. They are general partners in 42 units and limited partners in 445 units across two assets in Central Texas (totaling $40MM in value). They are also chapter co-leads for the Multifamily Masters Austin meetup. In this episode, Daisy and Luc talk about what millennials think about real estate investing in general and why education is important in beginning one’s real estate investing journey. Join us and listen in!
[00:01 - 09:22] Opening Segment
We introduce Daisy and Luc to the show
Their background
How they got into real estate investing
Luc on reading ‘Rich Dad Poor Dad’
Why Daisy was not interested in real estate at first
Daisy on transitioning from her W-2
Moving to Texas
[09:23 - 28:00] What Millennials Think of Real Estate Investing
What made Daisy believe in real estate
Creating more opportunities for the Latino community to invest
Being able to retire her parents
Creating generational wealth
Giving millennials access to investing
Their idea of multifamily investing before diving into it
What millennials think of apartment investing
Some people don’t even know it exists
Why it feels risky for a lot of people
The importance of education
Dealing with college debt
[28:01 - 36:03] Closing Segment
Asking Daisy and Luc the Adventurous Four
How you can connect with Daisy and Luc
Memorable Quotes:
“There's always going to be a risk, of course, it's an investment, but I think the more you understand, the more you're able to lower that risk profile.” - Daisy Serrano
“I think it really comes down to aligning what's that end goal or end goals and then working your way backward as to how you can get there.” - Daisy Serrano
“Look at who's running the deal and look at who the team is and whether or not your values are aligned, if you have a rapport with them, and then take things from there.” - Luc D'Abreau
Check out Make It Rain Capital’s website, podcast, and YouTube Channel!
Check out MultiFamilyMasters.com - Austin, TX!
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Until next time...
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