Path To Passive: Real Estate Investing For Technology Professionals

Steven Arita

Welcome to "Path To Passive: Real Estate Investing for Tech Professionals," the podcast that helps tech-savvy individuals secure their financial future through real estate. In the fast-paced world of technology, it's easy to overlook the power of real estate as a source of passive income. This podcast is here to change that.

In each episode, we'll break down real estate investment strategies in plain language, tailored to tech professionals like you. We'll cover topics like how to use your tech skills to make data-driven property decisions, generate passive income, manage risks, and maximize tax benefits. Plus, you'll hear inspiring success stories from fellow techies who've achieved financial freedom through real estate.

Hosted by real estate experts with tech backgrounds, "Path To Passive" simplifies real estate investing, making it accessible to anyone looking to create a passive income stream. Subscribe now and start your journey to financial independence through real estate. Your path to passive income begins here!

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Episodes

#35 - Unlocking Wealth-Building Secrets with Real Estate Savvy Techies With Paul Bonomi
May 10 2024
#35 - Unlocking Wealth-Building Secrets with Real Estate Savvy Techies With Paul Bonomi
Send us a Text Message.In this week’s episode, Steven is joined by Paul Bonomi, and he graciously shares his journey as a limited partner investor in multifamily properties, starting from a single investment and gradually expanding over time. He stresses the importance of networking, education, and finding reliable sponsors. Paul distinguishes between active and passive investing and explains why he opted to be a limited partner. He emphasizes the necessity of thorough due diligence and understanding the asset class before committing to investments. Paul also offers advice for newcomers to the field and expresses openness to discussing real estate investing further.Email Paul to reach out: PaulBonomi@yahoo.comEpisode Highlights:(4:12) Slow and steady indeed wins the race, even in real estate(11:26) Seeking advice and insights from experienced investors.(17:24) The distinction between active and passive investing.(22:22) Steps to consider before investing in a deal.(25:54) Importance of diversification and selecting the right sponsors(29:00) Emphasizing the need to balance risk and reward in investment decisions(30:48) Learning from mistakes and understanding the risks involved in investing(32:34) Paul shares his perspective on maintaining a W-2 job while investing in real estate(43:01) Discussion on asset protection and the necessity of LLCs for real estate investors(55:12) Outro— Share this with your tech friends who you think will benefit from this podcast. Please also rate and subscribe so this podcast can reach more audiences. For more resources and guides, check these out: Investor 101 https://www.aritacapital.com/investor-101-resource/# Due Diligence Resource https://www.aritacapital.com/dd-checklist-resource/ If you want to learn more, reach out at: Email: steven@aritacapital.com LinkedIn: https://www.linkedin.com/in/aritasteven/ IG: https://www.instagram.com/the.real.arita
#34 - Unlocking the Secrets of Self-Directed IRAs With Collin Taylor
May 3 2024
#34 - Unlocking the Secrets of Self-Directed IRAs With Collin Taylor
Send us a Text Message.Join host Steven Arita as he explores the world of self-directed IRAs (SDIRAs) with Collin Taylor, an IRA specialist at Quest Trust Company. Learn about SDIRAs, who can use them, and how they can help tech professionals build wealth through alternative assets like real estate, private lending, and more. Discover funding options, investment strategies, and the tax advantages of SDIRAs. Whether you're a seasoned investor or just getting started, this episode offers valuable insights into maximizing your retirement future.Reach out to Collin:LinkedIn: https://www.linkedin.com/in/collin-taylor-7b2176176/Email: collintaylor@questtrust.comWeb: https://www.questtrustcompany.com/Episode Highlights:(1:05) Who is Collin Taylor?(2:12) Understanding SDIRAs and their unique asset selection(8:37) Learn how to fund your SDIRA through contributions, transfers, or rollovers from existing retirement accounts(14:11) Discover contribution limits and explore investment strategies(20:40) Understand IRS restrictions on SDIRA investments(26:16) Learn about the benefits of SDIRAs(41:16) Mega backdoor Roth contributions for self-employed individuals(42:53) Process for implementing backdoor Roth strategy(50:07) Addressing misconceptions about self-directed IRAs(56:08) Outro— Share this with your tech friends who you think will benefit from this podcast. Please also rate and subscribe so this podcast can reach more audiences. For more resources and guides, check these out: Investor 101 https://www.aritacapital.com/investor-101-resource/# Due Diligence Resource https://www.aritacapital.com/dd-checklist-resource/ If you want to learn more, reach out at: Email: steven@aritacapital.com LinkedIn: https://www.linkedin.com/in/aritasteven/ IG: https://www.instagram.com/the.real.arita
#32 - Unlocking Property Potential: The Art of Land Development with Eugene Gershman
Apr 19 2024
#32 - Unlocking Property Potential: The Art of Land Development with Eugene Gershman
Send us a Text Message.In this episode, Eugene Gershman, founder of GIS Companies, dives into maximizing property value through land development rather than selling it outright. He emphasizes the benefits of forming partnerships with property owners to share risks and rewards, underlining the importance of transparency and flexibility in such collaborations. Eugene outlines the development timeline, typically 4-7 years, with a target return of 2X equity multiple, and discusses the nuances of real estate investments, including risk management and market analysis. He also explores the role of technology in reshaping the development industry. He offers valuable advice for investors, stressing the significance of understanding one's investment objectives and fostering solid relationships within the field.Eugene Gershman is a seasoned business executive with nearly 20 years of experience in real estate and construction. His expertise ranges from finance to technology, and he prides himself on his ongoing search for innovation and growth. Gershman is a respected industry leader who has been recognized for his contributions to the industry. He has spoken at industry conferences and been quoted in print publications such as Puget Sound Business Journal, Daily Journal of Commerce, and The Registry.Reach out:LinkedIn: https://www.linkedin.com/in/eugenegershman/GIS Companies Website: https://giscompanies.co/Private blog: https://privateequity.dev/Episode Highlights:(0:51) Eugene’s background in real estate development and construction(3:44) Discussion on the importance of not selling land but developing it, along with the history and reasons behind this strategy(10:32) Various sources of referrals for development projects, including signs on the ground, architects, and real estate brokers(13:28) Exploring the main benefits for sellers in partnering for development rather than selling land outright(18:07) Why the partnership model is preferred over outright land purchase, focusing on scalability and enabling more development projects(21:13) Understanding the level of involvement sellers can have in the development process, from passive to active participation(24:11) Discussion on timelines for development projects, including residential and commercial, and when investors may see returns(38:28) Factors considered to de-risk development projects(41:50) Importance of studying the site and dealing with potential challenges(46:31) Embracing automation and technology in real estate development(52:15) Advice for investors considering real estate investments— Share this with your tech friends who you think will benefit from this podcast. Please also rate and subscribe so this podcast can reach more audiences. For more resources and guides, check these out: Investor 101 https://www.aritacapital.com/investor-101-resource/# Due Diligence Resource https://www.aritacapital.com/dd-checklist-resource/ If you want to learn more, reach out at: Email: steven@aritacapital.com LinkedIn: https://www.linkedin.com/in/aritasteven/ IG: https://www.instagram.com/the.real.arita
#31 - Unlocking Passive Income Secrets Without Termites, Tenants, or Toilets
Apr 12 2024
#31 - Unlocking Passive Income Secrets Without Termites, Tenants, or Toilets
Send us a Text Message.In this episode, host Steven Arita talks about the topic of generating passive income through real estate minus the headaches of dealing with tenants, termites, or toilets. He breaks down these three notorious aspects of real estate investing that often eat up time and pose challenges. He traces his journey from the tech world to real estate investment, discussing various strategies he tested, from single-family residences to syndications. He highlights how individuals from tech backgrounds can utilize their resources to dive into commercial real estate and enjoy passive income. Steven also tackles the issue of imposter syndrome and the credibility of diving into private real estate ventures.Episode Highlights:(2:22) Steven’s background and journey from tech to real estate investing(4:48) Exploring different real estate investment strategies(7:45) Leveraging limited partnership investments in commercial real estate(10:57) Overcoming imposter syndrome and embracing tech skills in real estate(15:31) Understanding syndication and the role of limited partners(19:58) Outro— Share this with your tech friends who you think will benefit from this podcast. Please also rate and subscribe so this podcast can reach more audiences. For more resources and guides, check these out: Investor 101 https://www.aritacapital.com/investor-101-resource/# Due Diligence Resource https://www.aritacapital.com/dd-checklist-resource/ If you want to learn more, reach out at: Email: steven@aritacapital.com LinkedIn: https://www.linkedin.com/in/aritasteven/ IG: https://www.instagram.com/the.real.arita
#30 - From Maritime Expertise to Real Estate Prosperity With Scott Kidd
Apr 5 2024
#30 - From Maritime Expertise to Real Estate Prosperity With Scott Kidd
Send us a Text Message.In this episode, Scott Kidd shares his insights on real estate investing, focusing on multifamily properties and self-storage. He discusses the value-add strategy, tenant satisfaction, and introduces a fund of funds concept blending real estate with e-commerce for potential tax benefits. Scott also touches on his maritime background, highlighting the clarity he finds at sea. He emphasizes teamwork, communication, and mental clarity in both industries. Scott's passion for mentorship led him to start a meetup to guide others in real estate, advising new investors to prioritize learning and networking before diving into deals. His mantra: keep showing up and stay consistent.Scott Kidd has over 25 years in maritime leadership, holding a USCG Master license for significant tonnage, Scott's expertise in asset management and strategic planning is now expertly applied to the property market. His unique perspective, honed from years at sea, offers invaluable insights into risk management and decision-making in real estate.As the founder of the Yachtie Real Estate Investors group in Florida and a mentor with Legasea, Scott blends his nautical wisdom with real estate investment strategies, guiding fellow investors through the currents of the property market with the same skill and confidence he demonstrated on the high seas. Reach out:Web: https://investwithscottkidd.com/Episode Highlights:(0:00) Intro(2:02) Scott’s journey(2:41) Real estate investing experience and syndications(8:51) Investment criteria and buy box(13:15) Diving deeper into the funds of funds(26:13) How Scott started in Real Estate(38:40) The importance of teamwork(43:04) Legacy and mentorship(47:23) Building a network and getting started in real estate(52:44) Outro— Share this with your tech friends who you think will benefit from this podcast. Please also rate and subscribe so this podcast can reach more audiences. For more resources and guides, check these out: Investor 101 https://www.aritacapital.com/investor-101-resource/# Due Diligence Resource https://www.aritacapital.com/dd-checklist-resource/ If you want to learn more, reach out at: Email: steven@aritacapital.com LinkedIn: https://www.linkedin.com/in/aritasteven/ IG: https://www.instagram.com/the.real.arita
#28 - Leveraging the Past, Building the Future- Brent Card's Journey in Development
Mar 22 2024
#28 - Leveraging the Past, Building the Future- Brent Card's Journey in Development
Send us a Text Message.In this episode with real estate developer Brent Card, we discuss his journey and the lessons learned in the industry. He shares how his passion for real estate was ignited and discusses the challenges encountered, particularly in land development and condo sales. He also shares the importance of understanding project timelines and returns for investors, advocating for streamlined processes like escrow periods. Brent also highlights the transformative impact of technology on construction, stressing the need for efficient communication and fostering a positive company culture. He encourages investors to align their goals and risk profiles with suitable opportunities, offering his expertise to those entering the real estate market. Brent Card is a co-founder and Head of Development at GC Legacy Capital and GC Legacy Construction. Before founding GC Legacy, Brent was a Risk Manager at JPMorgan Chase, overseeing over $4 billion in commercial loans across 25+ relationships. He also served on the planning board for Trophy Club, TX.Before his tenure at JPMorgan Chase, Brent served as an acquisitions manager for a private equity syndicator, where he facilitated the acquisition of multi-family assets in CA. His diverse portfolio includes stabilized multi-family assets, land entitlement, and the development of residential neighborhoods, including condos and single-family housing.Reach out to Brent:Email: Brent@GCLegacyCapital.comIG: https://www.instagram.com/bcard9/LinkedIn: https://www.linkedin.com/in/brentmcard/GC Legacy ConstructionWeb: https://gclegacyconstruction.com/IG: https://www.instagram.com/gclegacyconstruction/FB: https://www.facebook.com/gclegacyconstruction/LinkedIn: https://www.linkedin.com/company/gclegacyconstruction/Episode Highlights:(02:15) Who is Brent Card?(04:26) Discovering real estate and getting started(07:52) Influencing property value and finding passion(14:32) Understanding entitlement and infrastructure(20:19) Lessons learned from development projects(26:56) Navigating setbacks and transitioning to corporate roles(30:00) Transitioning from real estate to banking and the importance of loan analysis(39:54) Brent, on founding GC Legacy(43:36) Difference between devel— Share this with your tech friends who you think will benefit from this podcast. Please also rate and subscribe so this podcast can reach more audiences. For more resources and guides, check these out: Investor 101 https://www.aritacapital.com/investor-101-resource/# Due Diligence Resource https://www.aritacapital.com/dd-checklist-resource/ If you want to learn more, reach out at: Email: steven@aritacapital.com LinkedIn: https://www.linkedin.com/in/aritasteven/ IG: https://www.instagram.com/the.real.arita
#27 - The Investment Playground: Why Anyone Can Learn the Game
Mar 15 2024
#27 - The Investment Playground: Why Anyone Can Learn the Game
Send us a Text Message.In this episode, Steven Arita discusses how investing is similar to any other skill that one can learn. He emphasizes the value of perseverance in the face of adversity, as well as the importance of focusing on the process rather than the outcome. Steven also discusses the internal thoughts and limiting beliefs that can stymie progress and offers solutions for overcoming them. He also discusses the impact of external factors such as societal expectations and peer pressure, and recommends finding role models and questioning beliefs to help build conviction in one's investment journey.Episode Highlights:(5:49) Investing is just like a skill(11:10) Addressing our internal beliefs(13:25) Focusing on the process and not the outcome(15:24) Question the beliefs that your mind sets(17:35) Finding role models(21:55) Things you need to consider(24:25) Quick recap(26:24) Action of the day(30:00) Outro— Share this with your tech friends who you think will benefit from this podcast. Please also rate and subscribe so this podcast can reach more audiences. For more resources and guides, check these out: Investor 101 https://www.aritacapital.com/investor-101-resource/# Due Diligence Resource https://www.aritacapital.com/dd-checklist-resource/ If you want to learn more, reach out at: Email: steven@aritacapital.com LinkedIn: https://www.linkedin.com/in/aritasteven/ IG: https://www.instagram.com/the.real.arita
#25 - Profit With Purpose: How Dinesh Nayak Uses Real Estate To Transform Communities
Mar 1 2024
#25 - Profit With Purpose: How Dinesh Nayak Uses Real Estate To Transform Communities
Send us a Text Message.Join us in this episode as Dinesh Nayak, managing partner at Goldstone Capital Ventures, shares his inspiring journey from India to the US, delving into real estate investing. Learn about his insights on multifamily syndications, the importance of education, and building passive income. Dinesh emphasizes the value of giving back and offers valuable advice for first-time commercial real estate investors, encouraging early and informed investment for financial independence.Dinesh is an experienced Real Estate Investor with over 10 years of multifamily and single-family acquisition and asset management experience. He also has over 25 years of experience in software product development and technology management for clients across North America, Europe and Asia. He is actively involved in multiple non-profit organizations. Implemented global grant and district grant projects in India and the USA through Rotary International. Dinesh has an MBA from the University of Maryland. Undergrad in Engineering (India).Reach out:Website: https://goldstonecapventures.com/LinkedIn: https://www.linkedin.com/in/dineshnayak/IG: https://www.instagram.com/goldstonecapitalventures/X: https://twitter.com/Goldstone_CVFB: https://www.facebook.com/goldstonecapventures/Email: dinesh@goldstonecapventures.comEpisode Highlights:(1:08) Who is Dinesh Nayak(2:21) How Dinesh got to where he is today(7:33) Transitioning from single-family to multi-family(15:33) Investing in multifamily without single-family experience(23:33) How to determine which asset to invest in(28:56) Applying tech skills to real estate investing(38:52) Building an ecosystem and creating opportunities(44:11) Advice for first-time investors(47:16) Where to reach out to Dinesh?(48:08) Outro— Share this with your tech friends who you think will benefit from this podcast. Please also rate and subscribe so this podcast can reach more audiences. For more resources and guides, check these out: Investor 101 https://www.aritacapital.com/investor-101-resource/# Due Diligence Resource https://www.aritacapital.com/dd-checklist-resource/ If you want to learn more, reach out at: Email: steven@aritacapital.com LinkedIn: https://www.linkedin.com/in/aritasteven/ IG: https://www.instagram.com/the.real.arita
#22 - Financial Milestones Made Simple: Practical Steps To A Secure Future
Feb 9 2024
#22 - Financial Milestones Made Simple: Practical Steps To A Secure Future
Send us a Text Message.In this podcast episode, Steven Arita talks about the crucial role of clarity in financial goals. He stresses the importance of understanding your current financial position to make meaningful progress. He shares his own experience of focusing on skill-building and boosting income. The episode explores the concept of SMART goals and the significance of having a clear vision. Steven introduces the five financial milestones, from basic security to absolute freedom. Tune in as he encourages you to assess expenses, define financial dreams, and follow a step-by-step approach. Book Recommendation: MONEY Master the Game - Tony Robbins - https://www.tonyrobbins.com/wealth-lifestyle/master-the-game-of-money/ Episode Highlights:(2:50) Reflection on my personal finance journey(4:46) The power of clarity and setting SMART goals(9:27) The Five Milestones: Financial Dreams(17:42) Quick episode recap(18:19) Start taking inventory of your numbers(21:36) Quote of the day: 'If you don't find a way to make money while you sleep, you will work until you die.' - Warren Buffett(23:50) Outro — Share this with your tech friends who you think will benefit from this podcast. Please also rate and subscribe so this podcast can reach more audiences. For more resources and guides, check these out: Investor 101 https://www.aritacapital.com/investor-101-resource/# Due Diligence Resource https://www.aritacapital.com/dd-checklist-resource/ If you want to learn more, reach out at: Email: steven@aritacapital.com LinkedIn: https://www.linkedin.com/in/aritasteven/ IG: https://www.instagram.com/the.real.arita
#20 - Importance Of Vetting Your Partners
Jan 26 2024
#20 - Importance Of Vetting Your Partners
Send us a Text Message.In this episode, we dive deep into the critical importance of knowing your investment partners in commercial real estate, particularly for tech professionals seeking financial freedom. I share personal experiences and insights, highlighting the potential risks of dealing with individuals or teams that aren't well-known or aligned with your values. I'll take you through creating a thorough checklist to vet your co-investors, drawing from the deep wells of my experiences of navigating stormy investment challenges. We'll explore the delicate dance between taking educated risks and hoarding knowledge, ensuring that your investment journey isn't shipwrecked by either hesitation or haste.Episode Highlights:(2:18) Importance of knowing your partners(6:12) Things that I wish I did more of: ask more questions(9:08) Background checks, track records, and transparent communication(14:30) “Alone we can do so little; together we can do so much.” - Helen Keller(16:09) Outro— Share this with your tech friends who you think will benefit from this podcast. Please also rate and subscribe so this podcast can reach more audiences. For more resources and guides, check these out: Investor 101 https://www.aritacapital.com/investor-101-resource/# Due Diligence Resource https://www.aritacapital.com/dd-checklist-resource/ If you want to learn more, reach out at: Email: steven@aritacapital.com LinkedIn: https://www.linkedin.com/in/aritasteven/ IG: https://www.instagram.com/the.real.arita
#17 - ​​The Journey of a Digital Pioneer into Real Estate Dominance with Frank Xia
Jan 5 2024
#17 - ​​The Journey of a Digital Pioneer into Real Estate Dominance with Frank Xia
Send us a Text Message.Embark on a transformative path with our latest guest, Frank Xia, a tech wizard who's channeled his savvy into a real estate empire as he unveils the blueprint for transitioning from digital landscapes to physical properties. With a hefty 696-unit portfolio under his belt, we discussed the idea that it isn't just about crunching numbers but also about the grit and integrity it takes to thrive in the cutthroat world of multifamily investing. His insights extend far beyond properties, touching on the exhilaration of a sports card startup and the intricacies of luxury watch collecting, enriching our conversation with a diverse spectrum of expertise. We also explore the delicate balance between human intuition and technological precision, especially in the high-touch real estate industry.Frank’s journey intertwines finance and technology at its core. From stocks and options to diverse assets like residential and commercial real estate, sports cards, and watches, he has invested, traded, and priced them with precision. Leveraging AI, he has optimized these processes for efficiency. With two successful tech IPO exits under his belt, he ventured into founding a FinTech startup three years ago. Today, as he transitions into an investor role, his mission is clear: to empower others in their quest for financial freedom.Contact Frank at: frank@daytonacapitalre.comwww.DaytonaCapitalRE.comhttps://www.linkedin.com/in/frankthetankcfa/Show notes:(1:44) Who is Frank Xia? (02:48) Transition from tech to real estate(12:45) Translating tech skills to real estate investing(19:09) Vetting sponsors and deals(27:31) Investing remotely and choosing markets(38:49) Investment strategy: Class B and Class A properties(44:47) Using AI in real estate underwriting and tech trends in the real estate industry(48:53) Sports card startup and alternative assets(53:35) Advice for new multifamily investors(54:44) Book recommendation 'Who Not How'(57:12) Where to find Frank Xia and Daytona Capital(58:16) Outro— Share this with your tech friends who you think will benefit from this podcast. Please also rate and subscribe so this podcast can reach more audiences. For more resources and guides, check these out: Investor 101 https://www.aritacapital.com/investor-101-resource/# Due Diligence Resource https://www.aritacapital.com/dd-checklist-resource/ If you want to learn more, reach out at: Email: steven@aritacapital.com LinkedIn: https://www.linkedin.com/in/aritasteven/ IG: https://www.instagram.com/the.real.arita