FHR #013: From $0 to 1/4 Billion in 10 years using the Power of Syndication with Reed Goossens episode artwork

EPISODE · Jul 24, 2020 · 1H 3M

FHR #013: From $0 to 1/4 Billion in 10 years using the Power of Syndication with Reed Goossens

from Freedom Hack Radio · host Bryce Robertson

REED LINKS:[email protected](424) 258 4297FREEDOM HACK RADIO LINKS:Freedom Hack Radio Website: https://www.freedomhackradio.com/Freedom Hack Radio YouTube Channel: https://www.youtube.com/channel/UCSo5jy_kZWtB0NJK38Mdo4w?view_as=subscriberFreedom Hack Radio iTunes: https://podcasts.apple.com/us/podcast/freedom-hack-radio/id1511789247Also available on your favourite podcast platformDISCUSSED DURING SHOW:Investing in the US: The Ultimate Guide to US Real Estate by Reed Goossens https://www.amazon.com/Investing-US-Ultimate-Guide-Estate/dp/173104277910,000 Miles to the American Dream: Our Story of Financial Freedom by #RealEstateMates https://www.amazon.com/000-Miles-American-Dream-Financial/dp/1733210709The Art and Science of Raising Capital like a Pro: the 6P rule - Home Study Course (email [email protected] for more info)IN THIS EPISODE BRYCE & REED COVER: This episode is an interview with Reed Goossens of Wildhorn CapitalReed syndicates real estate deals across the USHow to get started in real estate investing and getting a mentorHow to structure large multi family syndication dealsEPISODE DETAILS:In 2012 Reed quit his job and moved across worldHe moved to chase his dream. He went from limited funds, no experience, low credit to owning his own investing firm Wildhorn CapitalReed syndicates multifamily deals across USHe’s also a podcast host and author.Syndication is the marriage of business owner and investorIt’s a way of raising money from other people - win win - investors get to take part passively and investor gets to fund their business with other people's moneyReed uses an analogy of hiring a plane; you can’t do it alone so you sell seats and then you can hire the place.When starting his investing journey Scott Reese his friend told him about closing on a 70 unit deal by pooling friends and family money. This was a mind changing momentScott got started by getting a mentor which helped get him credibility and show him the ropesReed did the same and joined him to get credibility and confidenceThen after 2-3 years he went from small deals to bigger deals - building investor database through his podcastHis first big 250 unit deal he was just a small part of this deal - mixing tier skill sets and sharing roles and responsibilities - this was a massive leap after last flipSyndication in commercial real estate - you can’t do it all yourself, have a good team around you with varied skill setStructure large deals with limited partners - if you take away their voting rights then the SEC have to agree the deal to make sure you’re not hoodwinking anyone and that everyone has a say in the dealA typical minimum investment is 50k cash in his deals - he offers preferred returns between 6-8% depending on the deal, this means you’re sitting in a capital stack above the general partnership.Deals are 5-7 year holds and get paid our quarterly70-30 arrangement where 70% is owned by investors Learning the fundamentals of syndication; How long is a piece of string, if you’re a quick learner then maybe 6 months but could be longer.Common mistake he often sees is people who get ahead of themselves and try to replace themselves in their business before the revenue can support it

IN THIS EPISODE BRYCE & REED COVER: This episode is an interview with Reed Goossens of Wildhorn Capital Reed syndicates real estate deals across the US How to get started in real estate investing and getting a mentor How to structure large multi family syndication deals EPISODE DETAILS: In 2012 Reed quit his job and moved across world He moved to chase his dream. He went from limited funds, no experience, low credit to owning his own investing firm Wildhorn Capital Reed syndicates multifamily deals across US He’s also a podcast host and author. Syndication is the marriage of business owner and investor It’s a way of raising money from other people - win win - investors get to take part passively and investor gets to fund their business with other people's money Reed uses an analogy of hiring a plane; you can’t do it alone so you sell seats and then you can hire the place. When starting his investing journey Scott Reese his friend told him about closing on a 70 unit deal by pooling friends and family money. This was a mind changing moment Scott got started by getting a mentor which helped get him credibility and show him the ropes Reed did the same and joined him to get credibility and confidence Then after 2-3 years he went from small deals to bigger deals - building investor database through his podcast His first big 250 unit deal he was just a small part of this deal - mixing tier skill sets and sharing roles and responsibilities - this was a massive leap after last flip Syndication in commercial real estate - you can’t do it all yourself, have a good team around you with varied skill set Structure large deals with limited partners - if you take away their voting rights then the SEC have to agree the deal to make sure you’re not hoodwinking anyone and that everyone has a say in the deal A typical minimum investment is 50k cash in his deals - he offers preferred returns between 6-8% depending on the deal, this means you’re sitting in a capital stack above the general partnership. Deals are 5-7 year holds and get paid our quarterly 70-30 arrangement where 70% is owned by investors Learning the fundamentals of syndication; How long is a piece of string, if you’re a quick learner then maybe 6 months but could be longer. Common mistake he often sees is people who get ahead of themselves and try to replace themselves in their business before the revenue can support it

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FHR #013: From $0 to 1/4 Billion in 10 years using the Power of Syndication with Reed Goossens

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