167: People-Centric Investing with the Professional Passive Investor Spencer Hilligoss

Is there a secret formula to success in passive investing?

In this insightful conversation, Spencer Hilligoss, a seasoned passive investor with a 7-figure track record, delves into the world of passive investing and how it enabled him to create the lifestyle he desired. Spencer stresses how choosing the right team and investing with the right people has been instrumental in his investment success. Moreover, he emphasizes placing people at the core of investment decisions and making ethical investments that genuinely enhance the community and create a positive social impact. Spencer highlights the significance of not just investing for profit, but also for the well-being and comfort of individuals.

Join him as he shares the keys to success in passive investing – the right team, the right path, and the right investments with a people-focused approach.

Learn more about ALTERNATIVE BUSINESS and INVESTMENT STRATEGIES through QUATTRO CAPITAL!

LinkedIn: /TeamQuattroCapital

Instagram: @TeamQuattroCapital

Facebook: @TeamQuattroCapital

Website: www.TheQuattroWay.com  

TikTok:@realestaterunwaypod

[00:00 - 09:10] Designing a Life You Want to Live Through Passive Investing

Spencer talks about his family's decision to live in Portugal for two months, the lessons they learned, and how passive investing made this choice possible

He and his wife went from having traditional careers to passive investing, emphasizing the goal of achieving financial freedom

From investing in rental properties, they later move on to larger multifamily and self-storage deals for a more hands-off approach

He runs an investing club with his wife which helps other passive investors reach the same level of achievement

[09:11 - 17:10] Betting on the Jockey, Not the Horse

Recognize the limitations of the "do it myself" mentality in real estate investing and be open to learning from others

Spencer breaks down his five-part framework for evaluating investment opportunities

He focuses on the “who” and the why working with a team that has a strong track record of success is crucial

[17:11 - 19:46] People First, Profit Later

It’s more than just making money; it's also about the values that guide your choices as an investor or operator

Managing a multifamily property that houses hundreds of residents brings a responsibility to ensure their well-being and living conditions

[19:47 - 32:37] Navigating Real Estate Now: Tips from The Professional Passive Investor

Spencer discusses the role of market fundamentals in investment decisions, regardless of changing economic conditions

Understand local demand in real estate, as it is a hyperlocal industry

Evaluate markets based on their ability to attract employers and provide jobs for potential tenants

Cash flow and basis are important when making investment decisions in the current real estate landscape

[32:38 - 37:34] Focusing on Relationships That Matter

Spencer prioritizes building relationships through active listening and having a long-term perspective

He opens up about how he manages his work and personal life, being a dad, and what led him to make important changes in his life

Quotes:

“2021 was a landmark year. You've got some teams that have these incredible exits, these amazing outcomes. You better believe I want to see a repeatable approach, a repeatable process.” - Spencer Hilligoss

“We are, in fact, capitalists, right? I mean, I get it, but it is possible to have profit and still do the right thing.” - Spencer Hilligoss

“It matters how you achieve those returns that are on that beautiful-looking investment summary, and part of that means providing a great living experience to folks along the way.”  - Spencer Hilligoss

Connect with Spencer! Follow him on LinkedIn or check out MadisonInvesting.com.

LEAVE A 5-STAR REVIEW + help someone who wants to explode their business growth by sharing this episode. Find out how Team Quattro can help you by visiting www.TheQuattroWay.com.

Real Estate Runway Podcast is all about alternative business and investment strategies to help you amplify life and maximize wealth! Click here to find out more about the host, Chad Sutton.

Nectar:

https://app.usenectar.com/quattro-capital

Entity Keeper: 

Join the EntityKeeper community today to simplify the way you manage your entities and org charts while reducing manual errors. Easily organize corporate data, visualize ownership structures, store unlimited documents, and manage important filing dates with one secure solution. Click here to start simplifying your entity management with EntityKeeper now!