Prior to real estate, Scott and Lisa Loper were working as chemical engineers, which they liked but they didn’t really love. Eventually, Scott dove full-on into real estate sales – and Lisa into mothering – and both going from receiving solid income to just full commission.
Now, Scott has been in the real estate business for 21 years now, and Lisa, 16 years. Having knowledge of cash flow and return on investment, Scott grew the confidence to venture into investing. But it was the idea of having a passive income that mainly motivated him to jump on board. Once they made that switch, they ended up doubling their business within a year and a half.
Here’s what we talked about:
Their background prior to real estate
The motivation of having a passive income
The choice to make a switch
The benefits of real estate syndicate
Investing in a fund that values education and culture
Getting Started with Investing
Just because you don't have any real estate background doesn't mean you can't do real estate investing. You just have to be willing to learn about how things work and you don’t need to have a ton of money to get started as well
The Choice of Making a Switch
When they switched to Keller Williams, they ended up virtually doubling their business within a year and a half. They also ended up learning so much more about passive income, how important it is, and strategies to do it. And then making connections through people who are doing syndicates and funds who brought them in on those opportunities.
The Benefits of Real Estate Syndicate
From the standpoint of you being a money investor, the returns are very nice. And if the toilet is not flushing, you're not getting a call. And so, it's a way to invest in something larger without having that capability yourself yet.
Now, Scott is starting to learn how to acquire bigger projects. And when you join a fund that values education, you actually could build a business education for yourself.
Then investing at Renault, it’s all about Investing in something that builds joy to your heart and you can connect with it. It’s that whole thing about creating family memories. You can enjoy your investment right away and you can bring others to be a part of it.