Do you believe that investing in real estate is scary and overwhelming? If the answer is yes, you should start changing that mindset. In this episode, we have a very special guest, Anthony Vicino, that is going to help you to see investing from a different insight. He is a co-founding partner of Invictus Capital a multifamily acquisition firm based in Minneapolis, MN with $30m in AUM, that provides busy working professionals with the opportunity to Invest Better.
Anthony is a best-selling author, real estate investor, and serial entrepreneur committed to helping people maximize their Returns on Life. Today, he will share with us his experience in the real estate industry, and we will talk about his book “Passive Investing Made Simple”. Anthony will provide you with meaningful tips you can put into practice at the moment of choosing an operator, a deal, and a market!
Tune in and take control over your financial destiny!
Getting to know Anthony - [00:01 – 06:01]
Anthony shares a bit of his background and work.
A professional rock climber
Start to writing: a skill for telling stories
Live in the back of a van
Build a business with his friend
Become an entrepreneur: get into real estate 8 years ago
Passive Investing Made Simple [06:02 – 21:13]
Anthony introduces his book: Passive Investing Made Simple
Focus on the operator, the deal, and the market.
How people should pick an operator
Integrity is the most important
A track record: a badass entrepreneur, a badass teacher, etc.
A personal alignment and values
Why the deal is important
Think about what you are looking for: e.g risk mitigation
Understand capital rate, rent gross vs expense gross, plan, and stability to execute the deal
How solid the deal is
Why Market Is Key [21:14 – 30:49]
The income revenue recognition
Coach students on multifamily investing
Underwriting models: An intellectual exercise
Can you logistically do that unit turns in a week? Can you get all the supplies and labor?
Having a Ph.D. is not mandatory to start investing
Use common sense and know a couple of key things
The importance of market
Look for a market that has strong growth, strong job growth, strong population growth, etc.
Meeting income vs cost of living
The right balance of supplies and demand
The Quattro Trio - [30:50 - 38:28]
What is your superpower?
What is your biggest failure?
Not focusing on the people and the relationships around him that would make him feel fulfilled, but focusing more on the achievement
Anthony encourages you to support Project Success
How to connect with Daniel
“It’s not necessary a track record of success in real estate, we’re looking for a track record of success in life.” - Anthony Vicino
“Rock Stars are Rock Stars regardless of what they’re doing, they always rise to the top” - Anthony Vicino
“When it comes to investing, optimism is a terrible investment strategy. We should always be on the side of assuming that capital rate is going to go against us” - Anthony Vicino
Real Estate Runway Podcast is all about alternative business and investment strategies to help you amplify life, and maximize wealth! Click here to find out more about the host, Chad Sutton.