Episode 038: Scott Kidd - Earning Passive Income While Living Your Dream

There are numerous ways to make money in the multifamily industry, one of which is to be a passive investor while living your dream. To achieve success as an investor, you must first learn the priorities of each person you work with within the deals. In today's episode, Tate's guest Scott Kidd, a full-time yacht captain, and multifamily investor shared his experience on how becoming a captain of a boat can relate to becoming an investor in the real estate business and adapting most of the lessons he has learned from being a captain for almost 21 years.What You’ll Learn From This Episode:Background of Scott Kidd and How He Started Investing in Real EstateWhen to Use the Power of Silence when CommunicatingScott on Becoming A Mentor for Legacy UKTaking Advantage of the Technology With The Current SituationIs Multifamily a Full-Time GigUnderstanding General Partnership in Apartment Syndication ProcessThe Benefits and Drawbacks of Being a Limited PartnerAdvantages of Working with Real Estate ProfessionalsThe Benefits of Teamwork and CamaraderieWorking in Limited or General Partnerships in the Coming YearsThings You Can Achieve as a Limited PartnerLessons in Developing the Right People to Work WithLinks/Resources:Salt Lake City Multifamily Meetup  https://www.meetup.com/salt-lake-city-multi-family-meetup-group/https://www.legasea.org.uk/