Multifamily Podcast Network

Spencer Hilligoss is a passive real estate investor, multifamily co-sponsor and former technology leader. His company, Madison Investing, has co-sponsored deals totaling more than 4000 units for more than $500M. Spencer invests in syndications as an LP and actively leads Madison Investing alongside his Co-founder/Wife – Jennifer Morimoto. 

For today’s episode we will cover: 

[00:00 – 8:06] Opening Segment.

  • How Spencer started in real estate by 6 years old.
  • Why Real estate is part of a holistic journey.
  • The perfect time to learn about real estate investing.

 [8:06 – 13:29] How to get more people to invest in you. 

  • What is Private Direct Real estate?
  • You should always present data to heavily educated people.

 [13:29 – 19:19] The realization that something is scalable.

  • When your plans need some tweaking.
  • The moment of taking the business to the next level.
  • The importance of outsourcing tasks.

 [19:19 – 24:46] How to get started as a passive investor.

  • The operator, the market, and the deal.
  • Why the operator is the most important thing among the three.

 [24:46 – 34:00] The Market and the deal.

  • Doubling down on the importance of having a back up plan.
  • Looking for the areas that will keep growing.
  • Focusing on the sub-market.
  • The importance of the year one cash flow.
  • Criteria on investment returns and cash flow.

 [34:00 – 39:33] Crash course on what the multi-family classes are.

  • What are the different classes ( A,B,C )
  • Why B is the best class to invest in.  
  • The challenges of C class properties.

 [39:33 – 43:42] Types of Communication that you should get from an operator.

  • Why frequent communication is key. 
  • The metrics that you should track often.
  • The importance of transparency with your clients.

 [43:42 – 46:54] The active side of Real estate.

  • The hard truth and the reflection that comes after.
  • Changing plans in the middle of the journey.

 [46:54 – 56:13] Closing segment

  • Why coaching is better than listening to podcasts.
  • Why learning doesn’t stop.
  • The benefits of being part of a mastermind.

Tweetable Quotes: 

 Experience is just irreplaceable. – Spencer Hilligoss

A lot of times people think that they get to a certain plateau or a certain level, and that they don’t need to learn anymore. That’s a dangerous place to be. – Spencer Hilligoss

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