This is a YouTube video titled "Ep 351 - The Investing Vehicle You Choose Isn't as Important as This" published in December 2022. It features a podcast episode hosted by Flip and Danny, founders of the Freedom Real Estate Group, discussing the importance of the team over the investment vehicle in real estate investing. The conversation covers both active and passive investing, emphasizing that a strong, trustworthy team is crucial for success regardless of the investment type. The hosts share personal experiences about hiring challenges and the impact of team members on business outcomes, concluding with encouragement to invest smart and live happy.
Hey, everybody. Flip and Danny here, founders of the Freedom Real Estate Group family of companies. And welcome to another episode of our.
Podcast, which is called Freedom through Passive Income.
That's right, and welcome to another episode. And this episode is entitled the investing vehicle you choose isn't as important as this.
I love this episode because one of the things that people say all the time is I'm not sure how to evaluate one investment against another, right? Whether it be ATM investing versus self storage investing, or retired assisted living facilities versus multifamily, they just, they get confused and locked up and paralyzed trying to evaluate what am I going to do? Am I going to buy a turnkey property? Am I going to be a private money lender? Am I going to invest in a syndication, Am I going to what, invest in a fund where I can be more hands off. And you know, when you get paralyzed like that, it's hard to make a decision and it's hard to move forward. So I thought that this topic was very relevant to like the course that we're creating, which is going to help people, you know, get a little bit more educated. And once you're more educated, you're comfortable, right? You get comfortable with something and that something is usually what you dive into and starts taking you down the path of where you want to go to achieve all of your desires. So this is meant to talk about. It doesn't matter. The investment vehicle isn't as important as the team. And this can be preached to active investors and passive investors alike. If you're an active investor, whether you're investing in single family homes or flipping single family homes, or you're flipping small apartments or you're flipping large apartments, self storage facilities, whatever it is that you're doing as an active investor, your team is more important than the vehicle that you chose to provide you and the team income. And why is that? It's because you and your business is as good as the weakest person on the team, right? So you and I have really. We just have a lot of pride in the type of people, right? The who, not how. We, we really look for the who's of the business. And then we all have faults, we all have leadership issues. We just work on them as a team to build each other up and to make the chains around our company strong. So strong that even if there's a little weak link, we're all like helping that weak link where, you know, we're pounding it in, we're doing the solder gun, whatever it is you boys do when you Strengthen, you know, chains, but that's what we do.
Never touched a solder here in my.
Life, but that's the only example I could think of is I'm thinking of this, like, really gigantic, you know, big link, strong chains, and how that with that we can invest in anything that we want. Right. It's the team that's going to take the action and move forward and make it successful. Right. And I feel like passive investing is the exact same thing. When you're confused and you don't know exactly where to go, there's sometimes that there's good investments led by a bad team turns that good investment into a bad investment. And we've recorded podcasts about that, right. About this is a good deal until bad management took over and turned a good deal into bad. So it's the. Yeah, it's the team that matters. So even if you're a passive investor, find the team that you know like and trust a team that's going to treat your money like it's their own. If you're an active investor, a team that's going to treat the business like it's their own, you have that. Then you can do anything that you want. You can go as far as you want to go. You can dream as big as you want to. To dream. It's why, like, as many, like Tina and probably Tiffany would do this too. If I think of a new business idea, it's like, I dream big because I can. Right? Because we have an outstanding team. And I just feel so confident in what we can do because of the team behind it, that no matter what direction we choose, we have the resources and we have the people to make it happen. It doesn't mean we're perfect. We say that all the time, too. Not perfect, never going to be perfect. That's a goal I don't even want to try to achieve because it's not possible. And I want to live a fulfilled life and not being disappointed that I'm not perfect. But I don't know what I mean. I'm just going to let you take over from here because I kind of. Kind of said what I wanted to bring across in this is that it's just, it's the team that matters. Everything else, in my opinion, is secondary.
Right. Right. Well, you know, the thing is, is that the whole, you know, you're as strong as your weakest link.
Yeah.
And there's been something I've said numerous times when we've had to hire people is that they always come into the interview Process. I'm an A player. You know, they, they, they have this great presentation and I always say, well, you know what? We're going to find out if you are or aren't, you know, because your true colors will show very soon. And you know, and it's, and we've had people come in and I mean we've got between the Philippines and, and remote here in the United States and just, you know, everywhere in our company we had as high as many as 50 plus people working for us.
Yeah.
And I remember there was one that came in and, and you know, we didn't hire them, but hired by somebody else in the company. And, and, and they came in just all gangbusters. But they weren't like a huge part of the company. They were a much not smaller team member, but they didn't have as much. Their role was smaller compared to, you know, a majority of the company. And we watched that person just diminish and diminish and diminish and, and I'm thinking it's really not going to affect much because, because of who they are and with their, their role. And, but man did it. You know, it really did. And just even the, the, the amount of emotion and energy that that person was sucking from everyone else because he wasn't doing his job.
Yep.
You know, and it was just like. But I'm like it's this little position, little position affecting all these people, you know, and, and the, the one quote is hook a log chain to your truck and to a tree that you want to pull out of the ground. If one of the links is weak, guess what happens under pressure. You know, temporary. And, and it's just, and it's so true. It's just because, because you're like, oh, whatever. He's, it's not going to matter. He's not going to really detract, you know, but it did worse than anything. And so it's. Until you see it firsthand because I'm.
Just like, yeah, right, right. And yeah, and you also bring up a good point because we certainly haven't hired the best people out of the gate. You know, it's been um. We're five years in, right into the Freedom Real Estate Group family from its inception in 2017. But that we've had hiccups in hiring. Right. And sometimes they, they, it was proven that they were not the best team, you know, member. And the, the honeymoon phase of, you know, that interview and getting to know them, you know, just kind of died really, really quick. And we had to let them go. And that's happened, you know, even recently in the last year, we've had to let some key roles go because they just, they weren't. They weren't as strong as we needed them to be. And I don't know that was ever not a culture fit. I think we're pretty good at hiring culture fits, but it doesn't mean that you're a strong player and that you're the who for that seat. And we're really, really adamant about finding those who's who are going to come in there, treat this like their own, care about the team like it's their family, because it is for us and, you know, just give it their all for us, the team, investors, everybody. Because we all succeed together. And there's nothing more fun to me than that.
That's right. That's right. Yeah. I always think of it as like a horse race, you know, when the bell goes off and all the horses go, you know, and it's like these people that we hire, they boom, they're there with us. And all of a sudden we get around the corner and get around the back and all a sudden they start lagging behind and we get around to the finish line and here's the rest of our team and they're like, I hope you enjoyed that visualization.
That's funny. Love it.
Well, awesome. Well, we hope you enjoyed this episode. Make sure you head on over to our website, freedomcapitalinvestments.com to join that investor club. We've got a lot of stuff still going on the end of this year. We have a lot of stuff going on next year. We're all over social media, so make sure you check us out there, reach out, say hi, tell us how we're doing, Ask any questions you want. But we like to end all of our episodes with invest smart Live Happy.
Bye, everybody.
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