Leaving Wall Street for Main Street: Breaking in to Passive Real Estate Investing with Steven Libman

Passive Wealth Strategy Show - Real Estate for Busy Pros

Steven Libman joins us to talk getting out of Wall Street and getting into Main Street. Steven is a multifamily and self storage real estate investor, who came from a real estate wholesaling background. Now he partners with passive investors to buy large commercial real estate in a variety of markets around the country.

Quotes:

“Especially in the multifamily and commercial space, many hands make light work and everybody can really contribute. It's a team effort.”

“We get to do accelerated depreciation and cost segregation studies where, on average, you're writing off between 30-40% of the total value of the asset. If you're buying a $10 million building, you could write off $3-4 million total.”

“In 2007, eight when the stock market fell out, my father lost 45% of his wealth in the crash, and then he died shortly thereafter. He didn't get to ride the wave back up. The first thing that really hit me was, wow, this is a pretty volatile place to keep your money if you can lose half of what you've saved your whole life in one market cycle.”

Get in touch:

Integrity Holdings Group

Other Similar Episodes:

Passive Real Estate from a Private Capital Expert with Matt Faircloth

How to Build a Money Moat with Brian Chou

Guest Bio:

Steven Libman graduated from Boston University in 2004 and has spent over 10 years in Real Estate, first as a Broker for several years, then as an investor. Steven endeavors to partner with growth oriented, like minded partners and investors to assist them in achieving their goals of passive income and generational wealth creation. Steven is one of the Managing Partners of a residential investment firm based in NJ, which has become on the largest private investment companies in the state, doing over $50 million in transactions, and over 150 deals a year. Steven and his bride Grace were married in 2007, and delight in their 2 daughters Cadence and Harper. Steven is an active member and sits on the board at their church, sits on the Rutgers advisory board on design thinking, and has been published in Forbes multiple times this year.