231: Creating Impact Equity Through Real Estate Syndications with Randy Smith

For many investors, it takes a while to become comfortable with syndications. For today’s guest, he tried other real estate investing methods before becoming a syndication expert.

Today’s episode of Zen and the Art of Real Estate Investing features Randy Smith, founder of Impact Equity. He brings over 25 years of experience in corporate sales and leadership to real estate investing and launched Impact Equity in June 2022. Randy’s company helps investors spend money with world-class operators across several projects. He also launched RAI$E Capital Coaching and Consulting to help new capital raisers start their businesses. Randy is the co-host of The Gentle Art of Crushing it.

Jonathan and Randy start their conversation by exploring Randy’s “Rich Dad Poor Dad” background and why it took until he was in his 40s to pursue real estate investing. He shares his first steps to move toward a real estate career, the pros and cons of turnkey properties, and Randy’s initial investing mistakes. Randy shares that he moved to syndications after trying out the BRRRR strategy, the importance of doing your due diligence in syndication investing, and why debt is the biggest risk factor in these transactions. Jonathan and Randy cover the current challenges in his portfolio, the importance of diversifying, and why building a community as an investor is critical. As the discussion winds down, Randy explains the importance of understanding your syndication preferences, how he uses fund of funds, and the three most important things to look for in a deal.

With a lengthy career in sales, Randy Smith brings a unique perspective to real estate syndications and offers expert advice on what to look for.

In this episode, you will hear:

• Randy Smith’s “Rich Dad Poor Dad” background and why he was in his 40s before he got started in real estate
• The first steps Randy took to move toward a career in real estate
• The pros and cons of turnkey properties and his initial mistakes
• What brought Randy to syndications after trying the BRRRR strategy
• The due diligence required when buying into a syndication
• Why debt is the single biggest risk factor in these deals
• Current challenges in Randy’s portfolio and the importance of diversification
• General principles that apply across multiple asset classes 
• The importance of community as a real estate investor
• Understanding your preferences in a syndication
• Fund of funds and how they work
• How to find a syndication using Randy Smith’s tips for finding the right buy
• The three most important things to look for in a deal
• What you can learn from Randy’s coaching program

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If you enjoyed this episode, we've created a PDF that has all of the key information for you from the episode. Just go to the episode page at https://zenandtheartofrealestateinvesting.com/podcast/231/ to download it.

Supporting Resources:

Impact Equity website - www.impactequity.net

Randy Smith on Facebook - www.facebook.com/randysmith637

Randy’s Instagram - www.instagram.com/randysmithinvestor

Connect with Randy on LinkedIn - www.linkedin.com/in/randallmsmith

The Gentle Art of Crushing It - www.impactequity.net/blog/category/podcasts

Website - www.streamlined.properties

YouTube - www.youtube.com/c/JonathanGreeneRE/videos

Instagram - www.instagram.com/trustgreene

Instagram - www.instagram.com/streamlinedproperties

TikTok - www.tiktok.com/@trustgreene

Zillow - www.zillow.com/profile/StreamlinedReal

Bigger Pockets - www.biggerpockets.com/users/TrustGreene

Facebook - www.facebook.com/streamlinedproperties

Email - [e-mail]

Episode Credits

If you like this podcast and are thinking of creating your own, consider talking to my producer, Emerald City Productions. They helped me grow and produce the podcast you are listening to right now. Find out more at https://emeraldcitypro.com Let them know we sent you.