Creating Wealth by Growing Your Passive Income with Larry Bevilacqua

The Entrepreneurial Agent

In this episode, Paul Neal interviews guest Larry Bevilacqua who discusses his goal of achieving passive income through investments and businesses on the podcast. Larry explains how he and his team of realtors have invested in commercial and residential properties, as well as short-term vacation rentals that allow him to generate income without having to put in day-to-day work hours. Larry's favorite investment is in short-term rentals, as it aligns with his passion for travel and the ability to work from anywhere. Initially, Larry purchased properties in places he wanted to travel to, such as Vermont, Charleston, Connecticut, Virginia, and St. Martin. However, he soon realized that the best strategy for generating returns was to invest in properties that have longer vacation seasons and shorter low seasons, regardless of whether or not they were in locations he wanted to visit personally. Larry emphasizes the importance of constantly learning and growing as an entrepreneur, and he applies the lessons he has learned from his experiences in various businesses to his role as a team leader in real estate. Larry believes that a successful entrepreneur is one who thinks like the CEO of their own business, rather than simply a salesperson. He teaches his agents a well-rounded approach that includes marketing, accounting, personal growth, and customer service, among other things. When interviewing potential team members, Larry emphasizes the importance of having a clear set of goals and strategies, and he is careful to select agents who will work well together and be supportive of one another. Although Larry tends to err on the side of giving people too much support and opportunity, he recognizes the importance of hiring slowly and firing quickly in order to avoid unnecessary headaches. Ultimately, Larry believes that achieving passive income is not easy, and there is always a price to pay, even for investments that generate income without requiring day-to-day work. Meet the Host: Paul Neal is the founder and Principal Funding Strategist at Vantage Point Commercial Capital, a firm that focuses on helping entrepreneurs, businesses, and real estate investors win by funding their growth and dreams in nontraditional ways. Paul’s unique perspective has been honed over 30 years as an entrepreneur, financial strategist, professional speaker, and executive coach. He took the road less traveled choosing to leave engineering right out of college to become a serial entrepreneur. From great early successes in the 90s and 2000s, to completely losing his primary business in the Great Recession of 2008, to bouncing back and just recently selling another business for a healthy 7-figure sum…he’s experienced it all. Paul offers a wealth of experience and passion to the entrepreneurial community in an engaging, upbeat, encouraging, and witty way. He can carry the conversation easily wherever it goes, and your guests will remain engaged and will walk away with valuable and practical insight and advice.

Connect with Paul:

Visit his website: https://paulneal.net

Connect with him on LinkedIn: https://www.linkedin.com/in/paul-neal-47b8478

Vantage Point Commercial Capital: https://vpc.capital