TGCI 156: Electrical engineers turned real estate investors.

The Gold Collar Investor

In today’s show, Pancham interviews Stony Stonebraker and Lennon Lee - real estate investors and founders of Passivo Real Estate Investments.

Stony started his investing career after he retired from being an electrical engineer. Lennon jumped straight ahead into real estate investing as he started to manage properties as soon as he settled in the US. They’re indeed the epitome of “Opposites attract” as they have partnered and founded an investment firm that helps investors with generational wealth and passive income!

In this episode, Stony and Lennon will join us as they share how they came to become real estate partners and their vision as they started Passivo. We’ll also look at their mindset as they’ll share the challenge in analysis paralysis, the importance of building relationships, and working their way towards financial and time freedom!

Listen and enjoy the show!

Quote:

“The reason why we became partners is because we share the vision of achieving that financial or time freedom and we just decided that this is the vehicle. Cash-flowing real estate is the vehicle that we selected.”

Timestamped Shownotes:

• 0:35 - Pancham introduces Stony and Lennon to the show
• 3:11 - Their different backgrounds and how they got into investing
• 6:29 - Lennon’s mindset on investing right after coming to the US
• 8:41 - Why Stony decided to start investing after retirement
• 11:34 - Their goals with Passivo and why they focus on passive investments
• 14:08 - Giving up control and building trust as the first step to passive investing
• 19:23 - On their investing strategy to provide diversification and capital growth
• 23:29 - Their uncomfortable goals that they’re working towards to
• 26:56 - Taking the Leap Round
• 26:56 - Their first investments outside of Wall Street
• 28:26 - Overcoming their mental hurdles when they started investing
• 30:49 - Why their investments in real estate and cryptocurrency didn’t work out
• 33:15 - Why investors should know their goals and to start investing now
• 35:16 - Where you can get a copy of their free eBook

3 Key Points:

1. You would never be 100% ready in investing thus investors should take action first and create changes along the way instead of overanalyzing things.
2. Some investors wouldn’t have the time to fully understand investing. It all comes down to trusting the real professionals to do their work and be able to learn from them.
3. Mitigate your investment risks by having any sort of diversification - whether in terms of your investments or in terms of the team.

Get in Touch:

• Get a FREE copy of the eBook“The 4 Investing Rules for The New American Dream” at [e-mail]
• Passivo Website - https://passivorei.com/
• The Gold Collar Banking - https://thegoldcollarinvestor.com/banking/
• The Gold Collar Investor Club - https://thegoldcollarinvestor.com/club/
• Pancham Gupta Email - [e-mail]

Book:

• How I Turned $1,000 into Three Million in Real Estate in My Spare Time by William Nickerson - https://www.amazon.com/Turned-Three-Million-Estate-Spare/dp/0671201255