GI103: Passive Real Estate Investing Strategies with Taylor Loht

Taylor Loht has partnered in over $50 million of Multifamily and Self-Storage investments, as both a General Partner and as a Passive Investor through retirement accounts. He invests remotely and never deals directly with tenants.

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Transcript:

Announcer:
Welcome to the Global Investors Podcast, a show that focuses on helping foreign investors enter the lucrative US real estate market. Host, Charles Carillo, combined decades of real estate investing experience with a professional background in international banking to interview experts in all areas of US real estate investing. Now here’s your host, Charles Carillo.

Charles:
Welcome to another episode of the Global Investors Podcast; I’m your host Charles Carillo. Today we have Taylor Loht. Taylor has partnered in over $50 million of Multifamily and Self-Storage investments, as both a General Partner and as a Passive Investor through retirement accounts. He invests remotely and never deals directly with tenants. So thank you so much for being on the show.

Taylor:
It’s great to talk with you again, it’s been a couple of weeks since we record your interview for my show and it’s a pleasure to get to sit down with you, you know, here in the spring.

Charles:
Yeah, it’s great to connect again. So give us a little background Taylor, on your prior life to to investing in real estate.

Taylor:
Sure. So like like a lot of real estate investors out there, my background is in engineering, you know, I think we are, I hate to say overrepresented in the, in the real estate investing space, but there, there are quite a few of us, so I’m not sure precisely why. I don’t think we like numbers. So yeah, went to school for chemical engineering and, you know, went, went straight to doing that and realized pretty quickly. I think I always knew that in my heart that I hate cubicles and realized I had to find a way out and you know, kind of plan for my future and how am I going to meet my financial goals? And through the over over years of really digging into it, you know, I was, I was going to go the, the typical route that, you know, I feel like many of us are told to do and go get additional schooling. I was going to go to business school, get an MBA. And I, as I was going through that process, took the test and, and was preparing the, to start applying. I read this, this, this book that troublesome little book that so many real estate investors have read rich dad, poor dad. And that totally turned the turn to the concept of go on for more school around on me. And I realized that, you know, that’s not the way to meet my financial goals. I always liked real estate, but I never thought that it could be a way to really grow wealth, you know, and, and meet my goals and just, you know, dug more into it and decided that, you know, okay, that’s what I want to do. I’m not going to go for more schooling. I’m going to go and invest in and figure out how to make it happen. Nice.

Charles:
So why did you choose real estate as your investment vehicle with how you’re doing it now versus different? There’s so many different ways of making money in real estate. I mean, obviously if you’re gonna make the investing portion is more advantageous than others, but

Taylor:
Yeah, absolutely. So that’s a great question. And I think for anybody out there who wants to invest in real estate, any, if you’re like me, you get this thing called shiny object syndrome where every week or every couple of months, right? You, you kind of change tracks and decide, Oh, this is the thing I want to work on. Especially when you get started and you don’t realize how many options there are in real estate. It’s truly incredible. The number of ways there are to invest in real estate. And they all have a relative advantages and disadvantages for my purposes. You know, you kind of read my little bio there. You said, I don’t deal with tenants directly. And that was a huge part of what was important to me and remains important to me is I don’t want to manage properties. I never did. That was one of the things that really held me back, or I used as an excuse to, to hold myself back in the beginning is that, you know, the only way I knew kind of knew how to do it, right, was you go buy a house and you rent it out and then you go buy another one, you rent it out and just do that. But I couldn’t really get past that that thing of, I just, I just don’t want to deal with tenants collecting rents and leaky toilets and all the stuff that comes along with it. Yeah. And in getting more involved and, and learning more about the options that are available. Eventually I came up on syndication, which allows us to buy bigger properties and that that are valued on basically commercial, you know, bare, valued on the income rather than cops and things like that. And maybe it goes back to that engineer liking numbers thing, but that, that really spoke to me a lot more than then the more residential model and on a, I suppose on an emotional level, I have this, this one thing that sticks out in my mind. The first place I rented after I got out of college was just a, you know, it just a tenant somewhere as this townhome and Lancaster, Pennsylvania, shout out if anybody’s in Lancaster, Pennsylvania. And I was driving to work to a job that was, you know, a decent, a fine job work with nice people, but I absolutely hated it was the wrong fit for me driving in the morning. And I drive, drove past the office on my way to the highway and sitting outside the office. I saw this, this Audi at seven and I love Audis. I love cars. And I was like, I bet whoever drives that car owns this apartment complex. Cause sure. I’m sure nobody who lives in this apartment complex is driving that [inaudible]. And I think that once, once it kind of clicked, you can, through syndication, you can buy apartment complexes and I’m not, I’m not, I’m not one of those guys that says, you know, go buy apartments and you’ll get an Audi in six or whatever. but once I clicked and I thought, I, I realized that I there’s a good chance. The person who drives that Audi and owns this apartment complex probably did it this way. I was like, that’s what I want to do. So that’s, yeah,

Charles:
It’s pretty powerful. I was explaining it to someone I remember in college and they’re like, Oh, why do you want to be a landlord? And I go, you rent an apartment. They go, yeah. I go, how often is your landlord there? And they go, I don’t know who it is. Exactly. So it’s like, that was the simplest way of explaining to someone. And it’s also like you know, a couple of years after getting out of college, we went through the great recession or I did. Right. And you talk to people and they’re like, Oh, you know, real estate is, can hit. I’m like, Oh, did your rent, did your rent go down? Did they decrease your rent? And they go, no. Oh, okay. So it’s, there’s so many things by the news. And especially today with like every platform, there’s a new platform every week and we get information, most of the information, the majority of it it doesn’t pertain to us and there’s nothing we can do about it, but it’s just putting our face. And I feel that when you look at it in the real estate model, over hundreds and thousands of years, that it’s worked in one way or another. And it’s just a, it’s a great model, especially with the, with multifamily, which is something that I know you and I focus on. So what were your first real estate investments?

Taylor:
So my first investments were investment was a passive investment in an apartment syndication. That was after I decided, you know, syndication is the route I wanted to go and I wanted to do it actively, but I also realized that, okay, there are a lot of steps between getting me from no real estate investing experience to buying apartment complexes. And yeah, I, I went through a lot of you know, education, more formal, so to speak and more self-education to learn what makes a good deal and a bad deal. And okay, how can I find the money? You know, fortunately for me, I mean, I picked a relatively high paying profession and I have a very you know, I, I come from fortunate background, right. And I, I went to a good school and my parents put me, put me through college, which I’m exceptionally grateful for. And then once I got out and I started earning money, I was very, very careful with that money. And immediately started investing. I invested in stocks and bonds well, just stocks originally. So I had a decent nest egg, you know, kind of saved up to get into real estate investments. So yeah, two, two apartment complexes in Atlanta and that kinda didn’t go as expected. So just helped them tell us what happened. Sure. Happy to get into that. And, and for the, just before I dive into it, the, the, the sponsor has come on my show and we’ve discussed this in detail. So this is not secret. Right. but basically to two apartment complex is in the Southern part of Atlanta and the property manager, the person who owned the property management company was brought in as a general partner on this deal, which means that he had in my opinion, now more control than he should, but he, he was one of the principals kind of arranging the deal. And over time it, it came out the, the, the sponsor who put the whole deal together discovered that there were some things wrong with the numbers. And it’s still not a hundred percent clear to me exactly what keyed him in, but it looked like, you know, we were being over-billed for repairs. And gentleman was probably skimming money off the top because the property manager manager has a lot of control over the finances. If you, you know, if you let them have a lot of control. So once he discovered that sponsor discovered that, that he went through the whole legal battle and, and process to you know, revoke those, the gentleman’s general partnerships share those, but also you have to go find new property management now. So there was a big arbitration that, that lasted years of, you know, okay, the guy thought he shouldn’t have his general partnership shares, revoked, and you know, all these other things and were the property has been sold. We ended up making money, fortunately, but I think in many ways, if we hadn’t been in a, you know, rising tide type a market where it’s just been good to be a real estate investor for the last, a little bit, over a decade, we might’ve lost money. You know, they didn’t, they didn’t cash flow. And you know, that cap rates kept compressing. And toward the end of it a little bit, a few months before the properties were sold and they were sold a couple of years ago now the, the gentleman who ran the property management company ended up seemingly taking his own life and leaving a widow and children behind that, you know, we were in litigation with, and, and fortunately the property mayor is a private property manager. The sponsor is a good guy and, and really try to make them whole and, and make it, you know, not too, hopefully not too painful through the arbitration process. And she it’s all over now, but it’s a big man.

Charles:
Wow. And that’s something, because it would have been a lot easier of a process if you did not, if not you, if the general partners had not partnered with the property manager. So the thing was that there’s, you hear in syndication all time, just listeners to anybody else’s app, when you’re trying to put together your deal and in the beginning for a first syndication deal, and you need all these different people that you might not have, you don’t have experience, you don’t have money, you don’t have all this, all this stuff. And so they’re like, Oh, partner with your broker, right? Your real estate broker, that’s bringing you the deal. And then he can tie, you know, roll some of his commission and partner with your property manager partner with this other person over here. And you partner with all these people. But the problem is you can’t get out of it. It’s difficult. I mean, when you’re switching property management, it’s much simpler. You know, you have this, if it’s F you know, if it’s an annual contract upfront that renews every month or every, every year, and you can kind of cancel within 60 days and you should have beyond that checking account. And it’s a much easier, it’s difficult. Trust me. Cause I mean, you’re gonna have hundreds of units that are probably controlled by that person. Right. And you have to move everybody, but you don’t have to go to arbitration, hopefully. You don’t have to go into a litigation route. So it’s with anybody you partner with, whether you’re passive or active, I mean, how important it is with this story that shows, you know, everybody has to be in alignment and the person that’s managing the deal actually has to know what the hell they’re doing, which in this situation, I guess then. Right.

Taylor:
Okay. Well, you know, I, I, the, again, a sponsor has been on my show and he’s got probably well over five, maybe 6,000 units by now. And he’s done very well. I know he was in, in other deals. But

Charles:
The property manager, yeah. The sponsor property manager, property manager, and wasn’t handling it and the sponsors a sponsor. I mean, obviously they’ve made everybody whole and they, you know, everything when they were lucky that where they bought it from and everything worked out well, but the property manager, you know, then partnering with that property manager. I mean, that person obviously did not have the expertise to manage that. And the property manager is the most important piece. Right. So,

Taylor:
Yeah, absolutely. And, and I’ve, I’ve talked with other folks who have kind of gone that route and, and given either ownership or maybe more control, more sway to their, their property manager. And I’ve never seen it work out. I mean, I’m sure it has. Right. And, and it’s not the same as, you know, you see a lot of, especially larger sponsors now starting their own property management company. That’s completely different story. They control the whole thing, you know, they’re in charge. You still have to have a lot of trust and faith in that sponsor, but it’s not like you have competing incentives there, like you might with, with the property management. And yeah. I mean, I think you said, you mentioned about, you know, controlling accounts. I mean, that’s, I know folks that that’s been a big problem for, they’ve had to terminate property managers and in, in my deals, we’ve never had to, other than this, right. We’ve never had to fire property manager, fortunately, and it’s still not something that I want to deal with, but if it does get to that point, you want it to be as minimally

Charles:
Invasive as possible. I mean, there’s, I don’t think there’s any way that it could be smooth. Right. But yeah, there’s, there’s just so many horror stories out there. You know, we said we were firing them, you know, showed up is that get out of the office. And they were, they knew they were already shredding documents and stuff and Oh, wow. I have, I’ve heard those stories and it’s never going to be clean, but hopefully you can at least keep it professional. Yeah, yeah. Yeah. That’s just, that’s a, I mean, that’s kind of the nature of of the business where you’re going to have people that you it doesn’t work out working with, but it was interesting. I spoke to one other sponsor before, and they’re telling me on one of their first deals, they partnered with their broker that brought them the deal and the broker didn’t buy in or become part of the general partnership in his own name. He started a LLC and got into the property. And then what he did later on was he sold his share of the LLC. So that sponsor is now in business with someone he doesn’t even know because they, you know, there was like, Oh yeah, I’ll roll my commission back in. Well, he rolled it back in, but then he wanted to extract it. And that’s, he knew from the beginning, obviously. So now you’re in business with someone there’s so many different ways. I mean that you have to just, it’s like, you just have to know who you’re in business with and you have to make sure the problem there was that that sponsors should never have brought someone in that didn’t have the same mentality. Like this guy wants a commission and that’s it. Right. He doesn’t want to become a syndication, a superstar or whatever. Right. So the thing though, is that with that, with that happening, it’s like, it’s just crazy. You just have to know everything about it’s interesting. Interesting. So you, you started off as a passive investor. How did that help you when you went to the active role and active investor, was the past investor you’re working with? Were you pretty in, in where you did he kind of was he pretty involved with you with telling you what was going on and you were kind of learning the ropes or

Taylor:
So that’s a great question. I mean, in learning the ropes, I have, I have a coach slash mentor and you know, the, the sponsor of that particular deal, I mean, he provided, you know, financials and everything and, and would let us review. But I of course want to be respectful, respectful of his time. I mean, I was not a, a whale investor coming into his deals and I didn’t want to, you know, use more time than, than I think I’m reasonably entitled to, as someone who has invested capital with them. There’s, I think there’s some right, but there’s certainly a limit. So I was respectful of his time, but, you know, I, this, that particular experience, you know, that, that, so to speak horror story, I mean, like I said, we still made money, but, but I think that was almost an accident that we made money, but that was a great learning experience. Right. Because it’s, it’s one of those things where, you know, a fool me once versus fool me twice. Okay. Well, hopefully I never get fooled in that way. Again, whether it’s in a deal that I’m a passive investor in, or more importantly, a deal that I’m sponsoring and, you know, I have investor capital involved because that’s a whole, you know, that’s a whole other set of problems, you know, that, that I I’m, I’m, I can handle losing own money, but, you know, investor money is a another set responsibility.

Charles:
Oh yeah. It’s a whole different thing. The, so let’s talk about that. So how do you find the sponsors and how do you vet them now that you want to partner with where you’re obviously bringing your own money into, but you’re going to have investors money and you know, how do you that

Taylor:
I do a lot of networking, so I I’ve got a bunch of ways. Right. And we, we find ourselves here in 2021 at the hopefully tail end of the pandemic. So in-person networking should hopefully resume again. I see some of it happening. I feel like it might be a little reckless still at this point. I don’t know, I’ll have the second vaccine in a week and a half, but myself and more people are getting vaccinated, but pre pandemic, I mean, going to conferences in person and making that initial connection and then just continually following up. Right. And seeing who, who you think you can work with well, and, and who has kind of the same goals and hopefully has ethics and the right experience that you want to partner with. And Hey, how can I add value to you? And, you know, it’s, it’s obviously a two way street.How can I help them and how can they help me grow my business, right? Because we, we need to be mutually beneficial. I also again, pre pandemic run a networking event meetup in, in my city of Richmond. If anybody’s in Richmond, you’re certainly welcome to join us. That’s gone online, I’ve got my own podcast and, you know, email lists and that all that that’s not necessarily for sponsors, but that shows other sponsors who I know that, Hey, I’m, I’m serious, I’m in this business, it’s all showing up the brand is there. And, you know, I’m, I’m qualified to partner with folks and, you know, I’m very I’m very slow to get into any kind of business partnership. You know, I think folks in this some folks in this space are really I don’t want to say fast, but a lot faster than me at, at partnering with others. And that I, that Amy,

Charles:
Yeah, that’s a safe way of doing it. I like to, when I’m talking to sponsors usually, well, sometimes the passively invest with them first. I just like to see how the communication goes. And I like to review the underwriting and kind of see, and it’s a very small network of, I mean, real estate investing commercial, which was, won’t be, you’re in commercial multi-family and other assets. It’s not that large of a, a, of a business of a network. Right. It’s very pretty small. And you talk to someone and they’re a know someone that you probably just got off the phone with. And so you just have to be careful about make sure you treat her by, right. Which you always should, but it’s also one of the things too, is that who you’re getting involved with. Right. And I think the same thing, like you said, a lot of newer people in syndication they’re raising a lot of money and they’re partnering with a lot of people and I just got off the phone with somebody yesterday about that. And I’m like, so they’re like, Oh, I’m working with this group for the last two months or something like this, and we’re doing well. And you know, you don’t want to you know, I’m not anybody’s coach or mentor for this person. So it doesn’t mean, you know, but you’re like, how did you, how did you vet them? You know, just because you heard them in a Facebook group and now you’re with them. And I think a lot of that goes, it goes on and it’s not the best way of doing it. But so tell, tell us about the structure of your business. What, you know, what assets are you looking for? What is your company’s role when you’re acquiring them?

Taylor:
Sure, absolutely. So as far as assets we’re looking for, I mean, historically it’s been multi-family apartment buildings over a hundred, a hundred units, hopefully, you know, bigger than that, one 50 pluses is ideal. I like the Southeast and you know, my company’s role is, I mean, we do work on asset management, due diligence bring capital to the table and there are a lot of the laws and regulations around that as well. So we’re not specifically compensated for that, but, you know, involved in, in bringing the, the property to close and then helping it get from close to disposition really is, is where I’m involved and, and moving forward, you know again, you mentioned at the top that I’ve, I’ve done some storage investing. I started as a passive investor there too first to get diversification. I mean, I’ve read about the storage and, you know, the interesting kind of market dynamics there, but I never, I guess maybe I never really believed before I get into it, that people, people will pay a hundred bucks a month to put their crap in a garage that we own. I was like, I was a little skeptical about that because, you know, I never say never, but I can’t really see myself ever using a storage unit. I was talking to someone the other day, like I said, I like cars. But where we live in the city, I just, I don’t have the parking to have a toy car. I mean, I’ve got my, my, you know, daily driver type of car, but I don’t have the space to have a toy. And they were saying, Oh, I can just go buy a toilet. You can afford it. And rent a storage unit. It’s only a hundred bucks a month, or you get a smaller one for 60 bucks a month. And I was like, no, there’s no chance in the world. I was like, I’d rather own the storage than rent the storage. But anyway, through the COVID pandemic we’ve kinda obviously seen a regulatory shift in terms of evictions and, and our ability to collect. Unfortunately for our properties, it hasn’t been a major disruption. One of our properties has actually set collections and occupancy records for the whole time, the years that we’ve owned it through the pandemic, it’s continued to rise and collections and it’s because our property manager and then the gals onsite are just awesome. Totally awesome. But you know, I see, I see the winds shifting in a more, I don’t wanna say permanent way in that regard, but I think in, in a more long-term way too, you know, as we, as we talk, the CDC, eviction moratorium was extended until June the end of June, I believe of 2021. And I’m not a betting man. I hate gambling. I’ve played blackjack wants, my buddy helped me. I, my, I made and I made 60 bucks and that was the end of my gambling career. He lost money. I made money. He was sitting right next to me. So, you know, I buy him drinks when I see him. But if I were to place a bet on it, I see it only getting more difficult to, to collect on rents and to, you know, pursue those rants, combine that with, I don’t want to say an overheated market in multi-family, right? Because you don’t know what the future holds, but I mean, cap rates are at all time, lows, interest rates are also at all time lows. And that, that spread is actually fairly high compared to historically. But just with all those kinds of factors combined, I have begun to shift my focus to more alternative assets, specifically self storage is really my thing right now. And, and I’m digging into that. I don’t see myself ever going mobile home park route. It’s it may be. But to get back to I’d mentioned shiny object syndrome previously, you know, I always had that in the forefront of my mind that, okay I’m committed to making this shift, so, you know, that’s what I’m doing. So currently I’m working on marketing to storage owners and you know, we’ll see where that goes. Nice,

Charles:
Nice, nice. Yeah. With the CDC and what we have going on now for the ministration, I feel that it’s definitely going into 20, 22 and I mean, it might even go longer. I don’t know, but I think there’s holes being poked in that in certain States, like a lot of the States that we invest into landlord friendly States. So I see that not being as strong now as it was a year ago or several months ago, let’s say, but that’s a whole different subject there, but so how are you able to manage everything remotely? Like, do you have, what, how’s your team for your specific business and how does that when you were assisting, other of your co-sponsor has been taking down deals?

Taylor:
Yeah. So, I mean, we’ve got, you know, investor portals set up and everything, and I, I think, you know, right now they, they, unfortunately more and more options have come on the market. And kind of when I started there were there might’ve been a couple of investor products out there, but that has fortunately grown over time. And that they’re very,

Charles:
Very expensive back then, too. Yes,

Taylor:
Absolutely. And they’ve gotten I don’t wanna say cheaper, but they’ve gotten less expensive or less expensive options have come on. And the real advantage there. Yes. It helps you scale. But to me, the real advantage is, is security, cybersecurity. You know you and I both know people who have lost money, well, whose investors have lost money to, to wire fraud. One of the more common attacks is they hack one party’s email and hackers hack one party’s email and put a script in place so that it intercepts wiring instructions and then injects the hackers, wiring instructions. And then the unsuspecting investor receives those wiring instructions. Doesn’t check them. And then wires 25 up to hundreds of thousands, up to hundreds of thousands of dollars to a fraudulent account. And for, for us regular guys that money’s gone, that happened to Barbara Corcoran from shark tank. I think probably about two, maybe two and a half years ago. Now she got her money back, but she’s a shark and you know, we’re not, so we’re not getting that money back. And so I think those are, those are really critical, you know, for our, our, our property managers all have, you know, the, the critical software packages in place. And we do much monthly financials and read through those. And, you know, for my, for myself, you know, I’m still, I’m still a small guy. I’ve been working on hiring an executive assistant for B the last month, month and a half. I had a few people come on and try out. And unfortunately they haven’t worked out yet. I’m still working on finding the right one, but for my team, that’s, that’s really number one. My, my number one priority. And you know, the planning aspect of that is probably the most difficult, maybe not the most difficult part, but, you know, balancing, how can they help me grow, you know, find more opportunities network with more investors, but also when’s that critical point where, okay, now I need to be handling a hundred percent of everything because you know, I’m not at a point where I’m going to be trusting an executive assistant with investor information or anything like that. I’m, I’m, I’m holding that because again, to me, security is, is number one. Right. And so it’s going to be a while till I have you know, I think folks that I feel are to the caliber that they can handle sensitive information. Yeah, for

Charles:
Sure. And that’s something that I’m using the portal, kind of, you avoid a lot of people in the general partnership, having a lot of personal information and people on their team by using the portal as well, because it’s not an email going back and forth or scan documents. I mean never trust any wire you have emailed to you. And that’s a great thing about the portal too. Cause you’re looking through a subscription agreement as a booklet and you get down and there’s actually the wire information there and you can verify it’s the law office where you’re sending it to or whatever it might be in the escrow account. So that’s awesome. Yeah, it’s a lot of, lot of great information. So is there anything else that you want to impart on our on our audience before we let you give all your contact information?

Taylor:
Oh, it was. Well, thank you very much. That’s a great question. I suppose I would follow up to that statement of you’re in the portal, reading the subscription documents to see the wiring instructions in there, still call the sponsor and make sure that’s the right number. It takes you not even five minutes and hopefully, you know, the sponsor well enough to know their phone number and what their voice sounds like. And if it’s a five minute call that could maybe save you a few hundred thousand dollars, I’ll make that call every day. I’ll take that call every day. And I hope, you know, your listeners would do the same. And you know, this is you have a very international show and, and I definitely appreciate that. And if there’s anyone

Charles:
Out there listening who, especially Europe, maybe Eastern Europe wants to meet up and chat sometime I’ve been looking for a reason to make a trip over there. So you know, maybe we’ll sit down and Croatia or whatever and have a coffee, but nice. Yeah. I want to thank everybody for for tuning in today and wish all, all the best of luck in buying some, you know, cashflow in real estate. Yeah. We have a bunch of investors or we have a bunch of listeners. We have some investors from Eastern Europe, central and Eastern Europe. You’ll love it over there. All different areas. I love it. I’ve spent months at a time over there. I have a really good friend business partner and investor now that is over in Serbia area. So it’s it’s definitely a very, it’s very nice. It’s very up and coming area. And that’s gonna be someplace possibly for investing in the future, who knows, but so give us your information, your contact information, your websites and stuff, and I’ll put them all into the show notes.

Taylor:
Sure will do. So my kind of main place that, that y’all can find me is the passive wealth strategy show. You can find that show@passivewealthstrategy.com. It’s a podcast probably fairly similar to yours. We talk about real estate investing and wealth generation with a passive investor bent. I’m trying to help people escape the wall street casino and invest in real assets on main street. If folks want to reach out directly. My email is Taylor T a Y L O r@passivewealthstrategy.com. You can follow me on Instagram, passive wealth strategies with underscores in there. And yeah, I want to, again, thank everybody for tuning in today and hope we can connect and maybe we can some business together. Yeah. Hopefully

Charles:
People reach out to you and make more than your $60 in blackjack at that casino. And hopefully we can connect here in the future when in everything opens up again.

Taylor:
Absolutely. I do have a giveaway on my website. It’s the top ways to escape wall street and invest in main street. You go to the website, it’s just a pop-up and then all that that’ll send you again. This is my opinions, but the top ways to get out of the wall street casino and invest in real assets, real businesses it’s not just a, not just real estate syndication, all those spoilers. That is one of them. Obviously I believe in it because it’s what I do. And it’s what I invest in, but it’s not the only thing out there. It’s not the only way to invest in real estate. And I’m here to help everybody figure out what’s right for them and move down that path.

Charles:
Well, thanks a lot. Taylor, also on his website, there’s a whole strategy page there about finding your goals, knowing your goal, your goals, your why’s, your story, and kind of focusing, not doing the shiny penny thing. And yeah. So sounds great. Thank you very much. And look forward to talking to you in the future, man.

Taylor:
All right. Thank you, Charles.

Charles:
Bye-Bye.

Taylor:
Bye-bye.

Charles:
Hi guys! It’s Charles from the Global Investors Podcast. I hope you enjoyed the show. If you’re interested in get involved with real estate, but you don’t know where to begin, set up a free 30 minute strategy call with me at schedulecharles.com. That’s schedulecharles.com. Thank you.

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About Taylor Loht

Taylor is on a mission to teach Busy Professionals how they can invest in real estate without dealing with tenants, toilets, and termites. He highlights and distills the knowledge, experiences, and lessons of expert real estate investors through his podcast, YouTube Channel, and email newsletter Passive Wealth Strategies for Busy Professionals.

His goal is to help his listeners and investors build lives of abundance. He believes that building passive streams of income is the best path to wealth generation, not the typical, boring, “Don’t have that $4 latte you enjoy twice a week.” Enjoy your latte and buy some property!

He has partnered in over $50 million in Multifamily and Self-Storage investments, as both a General Partner with his company NT Capital LLC and Passive Investor through tax-advantaged retirement accounts. He invests remotely and never deals directly with tenants.

Taylor lives in Richmond, Virginia, where he started and runs the monthly Richmond Multifamily Investors Meetup, trains Brazilian Jiu-Jitsu, and actively contributes to BiggerPockets.

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