The Vast Majority of Real Wealth is Made During Downturns with Jake Wiley: EP 286

The past several years have delivered phenomenal returns for real estate investors. Today's markets are quite different, however, and there are a lot of people that have gotten in the game after the great financial crisis and they've seen nothing but a rising tide. Jake Wiley has gone full cycle on his investments and he knows that, in real estate, the vast majority of real wealth is made during downturns and he's on a mission to help investors interested in passive investing select the right sponsors for their goals and become a true Limited Partner. For the video interview, visit: https://youtu.be/u1L5BQ9apNw Key Takeaways: - Think bigger. We're talking about scale here and a lot of things start to work with scale. The deals that Jake was able to do by himself (before he brought on partners) were the ones that he could financially handle, but those were the biggest headaches. - Find the right partners to work with and then it make it repeatable. when you get people to understand what you're doing and why you're doing it, they'll come back and invest again. As a limited partner, that's so much easier than going out and trying to find another deal or another sponsor. - Find what you're passionate in, find your piece of the puzzle and focus on that. There's work in the front of this investment process, it's not a free ride. Get into something that you're passionate about and gets you excited. That will help motivate you to make that next call. If you don't feel great about it, you'll be more likely to just just sit on your hands but you've got to keep going. Contact Jake: Website: www.thelimitedpartner.com Email: [e-mail] Twitter: @jjakewiley YouTube: @@thelimitedpartner Facebook: @TheLimitedPartner Are you REady2Scale Your Multifamily Investments? Learn more about growing your wealth, strengthening your portfolio, and scaling to the next level and visit www.bluelake-capital.com. To connect with Jeannette & her team directly & find out how to invest alongside Blue Lake, email them at [e-mail] or just complete our potential investor form at https://www.bluelake-capital.com/new-investor-form and they'll be in touch with you. . Learn more about your ad choices. Visit megaphone.fm/adchoices