Book Review: The Hands Off Investor (Part 1)
In book club this month we review The Hands-Off Investor by Brian Burke about passive real estate (syndication) investing The book is divided into 5 sections 1. Investing in syndications 2. Getting to know the sponsor 3. Evaluating real estate 4. Evaluating offerings and structure 5. The investing process This post will review sections 1 and 2. I like that the book's structure fits to what the author thinks one should evaluate when trying to decide if syndication investing is right for you. After deciding if investing is right for you in chapter 1, finding a sponsor that you can trust and has a good record is the next step. Personally I use real estate as diversification (currently 10% of my portfolio). And honestly I’m really not interested in evaluating the numbers (I know that’s not great) however I agree that what’s most important is the sponsor and so I went in because I trusted the sponsors (or the people that referred me to them). The author states he believes that 20...