Mon, 4 November 2019
W-2 jobs give us a sense of security. But what happens if you lose your job or can’t work due to illness or injury? Spencer Hilligoss wanted to play financial defense and build enough passive income to keep the lights on for his family should something unexpected happen. And though real estate gets a bad rap for being a risky investment, Spencer discovered that multifamily is actually very predictable. In fact, it’s the best kind of boring!
Spencer has 13 years of experience in tech startups, building high-performing teams across five companies—three of which valued at more than $1B. He currently serves as the Senior Director of Professional Development for LendingHome, the largest residential flip lender in the country. Spencer is also the Cofounder and Principal at Madison Investing, a real estate education platform dedicated to helping busy professionals build passive income, and a contributing writer and member of Forbes Real Estate Council.
On this episode, Spencer joins me to explain how the ‘dark decade’ he endured as a young man inspired him to pursue passive income through real estate. He shares his approach to financial planning, describing how he and his wife set goals and analyze deals together. Listen in for Spencer’s insight around the benefits of passive investing in multifamily over SFH strategies and learn exactly what he looks for in a sponsor, a market and a deal.
What’s keeping Spencer at his W-2 job
How Spencer got into real estate
The Silicon Valley wealth playbook
Spencer’s path to multifamily investing
How passive investing in multifamily differs from SFH
Spencer’s approach to financial planning
What Spencer looks for in a sponsor
Spencer’s advice for new syndicators
What Spencer looks for in a market
What Spencer looks for in a deal
What’s next for Spencer
Connect with Spencer Hilligoss