From Flipper to Passive Investor with Steven Pesavento | 554

We have Steven Pesavento on the show today, the host of The Investor Mindset podcast, an active investor that curates commercial real estate investments for his company VonFinch Capital. He has raised tens of millions of dollars which has successfully cycled through many different assets through the years. 

Steven started investing in single-family properties and flipped over 200 houses in 3 years before he went down the road to multi-family and commercial properties to create flexibility and independence. 

Key Talking Points of the Episode

[02:09] Who is Steven Pesavento? 

[05:15] Finding people who did what they wanted to do

[07:01] The importance of building a business

[10:20] Passively investing in large opportunities

[14:14] The benefits of being a passive investor

[15:35] The benefits of having passive investors for operators

[19:19] Understanding who you’re investing with

[19:30] The Ultimate Passive Investor Playbook

[20:34] Betting on the jockey and not on the horse
 

Quotables

“One of the things that was missing, one of the things that drove me to the path of consistent investment was realizing that I had built a second job. I have built a new career, but I haven’t built a company.”

“It’s much tougher to go manage 5 single-family rentals than managing 200 units in an apartment building.”

“You don’t need to be an expert in order to invest passively in real estate. However, it is valuable to get educated so you can make the right decisions and invest in those right teams.”

Links

Website: The Investor Mindset

https://www.investormindset.com/