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#1 Mistake Passive Investors Make - Dallon Schultz
Manage episode 424081724 series 3580297
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Welcome to this episode featuring Dallon Schultz, President, and co-founder of REV Real Estate and REV Equity Group.
With a passion for real estate investment and a drive for success, Dallon has made a significant mark in the industry since 2018. Currently overseeing projects totaling over $50 million, Dallon's ambitious vision aims to surpass the $250 million milestone within the next 12 months.
Dallon is dedicated to inspiring and empowering individuals on their journey to financial freedom through real estate. His podcast, "The Millionaire Mind: A Journey into the Mindset of Successful Business Owners," offers invaluable insights from some of the industry's most accomplished figures.
In this enlightening episode, Dallon shares his wealth of knowledge on various topics, including the importance of asking the right questions as a passive investor, the transformative experience that led to his career in real estate, and the significance of establishing passive income streams as a backup plan.
Listen in as Dallon emphasizes the critical aspects of vetting operators and markets for successful deals, managing capital calls, and mitigating risks in development projects amidst today's market challenges.
Join us for an engaging discussion as Dallon unveils strategies for navigating the dynamic landscape of real estate investment and reveals the keys to achieving financial prosperity. Tune in now to gain invaluable insights and take your investment journey to new heights!
TIMESTAMPS
01:07 - Guest Introduction: Dallon Schultz
04:02 - The importance of asking the right questions as a passive investor
05:25 - A life-changing incident leads to a career shift in real estate
10:44 - The importance of having a backup plan and passive income
15:05 - Prioritizing vetting the operator and market for a successful deal
19:39 - Managing capital calls and minimizing risks in development deals
24:39 - Navigating the challenges of development projects in the current market
30:37 - The importance of financial stability and mailbox money
Connecting with the Guest:
Website: https://www.investwithrev.com/
Linkedin: https://www.linkedin.com/in/dallon-schultz/
Instagram: https://www.instagram.com/dallon_schultz/
Facebook: https://www.facebook.com/DallonSchultz/
#RealEstateInvesting #PassiveInvesting #LimitedPartner
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