AREI 71: How To Reach Your Financial Goals? with Taylor Loht
Defining suitable monetary goals requires a somewhat elevated degree of financial proficiency. It's critical to understand the basics of money, including how to make a financial plan, the manner in which expenses work, the distinction between kinds of speculations and different other individual accounting points that influence your individual budgets.
In this episode Taylor Loht shares his techniques on how can we get past our fear of making our first passive investment and reach our financial goals. Come join us and listen in!
Taylor is on a mission to teach busy professionals how they can invest in real estate without dealing with tenants, toilets, and termites. He highlights and distills the knowledge and lessons of expert real estate investors through his podcast The Passive Wealth Strategy Show. Taylor raises investor capital for real estate syndications through his company NT Capital. His asset classes of choice are multifamily apartment complexes and self storage facilities.
Episode Key Points:
[00:01 - 00:33]
• We welcome Taylor Loht to the show
[00:34 - 03:10]
• Taylor Loht's background how he started investing in real estate.
[03:14 - 05:40]
• How did he learned about multifamily investing?
[05:44 - 09:19]
• Single Family vs Multifamily real estate which is the best?
[11:58 - 15:33]
• Why he and his fiancé decided to sell their old house instead of having a rental that would give them cashflow?
[16:09 - 20:31]
• The challenges or doubts, in the power of real estate right now for some investors while seeing wall street taking such a dip?
[20:52 - 24:06]
• "The headlines" and how you can read through all of it and get clarity?
[24:11 - 31:54] Closing Segment
• Asking Taylor Loht the Adventurous Four
Memorable Quotes:
"There are a lot of ways to make money in real estate investing. I think we need to find. For all of us out there, we need to find the one that's right for us , with this syndication business, for example, that you mentioned it wouldn't work. If everybody wanted to be an active real estate investor, frankly, if everybody wanted to be the one going and finding a deal, negotiating it or whatever, doing the asset management and nobody wanted to passively invest and passively earn in a return in real estate, then the deals wouldn't work.
Everybody would be actively, it would just be JVs, and that's okay. It just, it takes a lot. Different people to make this business work. And that's one of the things that makes it so much fun." - Taylor Loht
Explore more. Adventure awaits.
