https://www.bigspringcap.com/passiveperspectives Weekly insights on passive real estate investing, capital markets, and building wealth through real assets. en-us https://www.bigspringcap.com/passiveperspectives/non-traded-reit-liquidity https://www.bigspringcap.com/passiveperspectives/non-traded-reit-liquidity Fri, 29 May 2026 12:00:00 GMT Redemption gates can turn a “liquid” fund illiquid overnight. Here’s how non-traded REIT liquidity really works (regardless of what your advisor says). https://www.bigspringcap.com/passiveperspectives/truth-about-unregistered-securities https://www.bigspringcap.com/passiveperspectives/truth-about-unregistered-securities Fri, 22 May 2026 12:00:00 GMT Your financial advisor warned you off “unregistered securities?” Here’s what the term actually means in the SEC’s own rules…and what it doesn’t. https://www.bigspringcap.com/passiveperspectives/comparing-investment-returns-hidden-cost https://www.bigspringcap.com/passiveperspectives/comparing-investment-returns-hidden-cost Fri, 15 May 2026 12:00:00 GMT Your buddy’s “I just doubled my money” story is only telling half the truth. Here’s the hidden cost of comparing your investment returns to someone else’s. https://www.bigspringcap.com/passiveperspectives/sequence-of-returns-risk-retirement-planning https://www.bigspringcap.com/passiveperspectives/sequence-of-returns-risk-retirement-planning Fri, 08 May 2026 12:00:00 GMT Why two identical retirement plans ended $7.7M apart: sequence of returns risk, its hidden lived cost, and how cash flow neutralizes both. https://www.bigspringcap.com/passiveperspectives/good-vs-bad-cash-flow https://www.bigspringcap.com/passiveperspectives/good-vs-bad-cash-flow Fri, 01 May 2026 12:00:00 GMT Not all cash flow earns its place in your portfolio. Here are three subtle patterns where distributions look productive but quietly drain passive investor returns (and how to test for them). https://www.bigspringcap.com/passiveperspectives/no-housing-crash-2026 https://www.bigspringcap.com/passiveperspectives/no-housing-crash-2026 Fri, 24 Apr 2026 12:00:00 GMT A real housing crash requires a supply flood or a demand collapse. Neither is in the data. Here’s what is – and what it means for LP due diligence. https://www.bigspringcap.com/passiveperspectives/making-money-is-a-skill https://www.bigspringcap.com/passiveperspectives/making-money-is-a-skill Fri, 17 Apr 2026 12:00:00 GMT Your income isn’t fixed…it’s a skill. Here’s why the people who reach financial freedom fastest solved for earning first, and how they did it. https://www.bigspringcap.com/passiveperspectives/what-ready-looks-like-passive-investor https://www.bigspringcap.com/passiveperspectives/what-ready-looks-like-passive-investor Fri, 10 Apr 2026 12:00:00 GMT Many successful professionals feel unqualified entering syndication investing. But the skills that built your career transfer more directly than you realize. https://www.bigspringcap.com/passiveperspectives/real-estate-syndication-higher-preferred-return-trap https://www.bigspringcap.com/passiveperspectives/real-estate-syndication-higher-preferred-return-trap Fri, 03 Apr 2026 12:00:00 GMT A 10% pref sounds better than 7%. But if the deal struggles, that higher hurdle can destroy the GP alignment you actually need. https://www.bigspringcap.com/passiveperspectives/passive-real-estate-investing-decision-framework https://www.bigspringcap.com/passiveperspectives/passive-real-estate-investing-decision-framework Fri, 27 Mar 2026 12:00:00 GMT Impulsive investors and paralyzed investors share the same gap: no evaluation framework. Here’s how to break both patterns by building the right filter before the next pitch deck arrives. https://www.bigspringcap.com/passiveperspectives/comparing-real-estate-returns-to-sp500 https://www.bigspringcap.com/passiveperspectives/comparing-real-estate-returns-to-sp500 Fri, 20 Mar 2026 12:00:00 GMT Comparing your real estate syndication’s cash-on-cash to the S&P 500’s total return? You’re using the wrong measuring stick. Here’s what to compare instead. https://www.bigspringcap.com/passiveperspectives/blue-owl-private-credit-what-investors-should-know https://www.bigspringcap.com/passiveperspectives/blue-owl-private-credit-what-investors-should-know Fri, 13 Mar 2026 12:00:00 GMT Blue Owl's $1.4B fire sale rattled private credit investors. Here’s why real estate-backed credit is a fundamentally different risk than what made headlines. https://www.bigspringcap.com/passiveperspectives/k1-loss-depreciation-explained https://www.bigspringcap.com/passiveperspectives/k1-loss-depreciation-explained Fri, 06 Mar 2026 12:00:00 GMT A plain-English guide to your first Schedule K-1. What the loss means, why it arrived late, and exactly what to tell your CPA about it. https://www.bigspringcap.com/passiveperspectives/fund-vs-single-deal-where-risk-lives https://www.bigspringcap.com/passiveperspectives/fund-vs-single-deal-where-risk-lives Fri, 27 Feb 2026 12:00:00 GMT Fund or single deal? The structure matters less than what you can verify within it. A framework for passive investors evaluating deal structures. https://www.bigspringcap.com/passiveperspectives/concentration-risk-real-estate-syndications https://www.bigspringcap.com/passiveperspectives/concentration-risk-real-estate-syndications Fri, 20 Feb 2026 12:00:00 GMT The diversification debate for passive real estate investors is more nuanced than Warren Buffett’s quote suggests. Here’s what matters most. https://www.bigspringcap.com/passiveperspectives/strategic-vs-compliance-cpa https://www.bigspringcap.com/passiveperspectives/strategic-vs-compliance-cpa Fri, 13 Feb 2026 12:00:00 GMT Most CPAs are excellent at compliance. But real estate investors need strategy, not just data entry. Here’s how to tell the difference. https://www.bigspringcap.com/passiveperspectives/extend-and-pretend-era-ending https://www.bigspringcap.com/passiveperspectives/extend-and-pretend-era-ending Fri, 06 Feb 2026 12:00:00 GMT Commercial real estate lenders are finally clearing troubled loans. Here’s what this means for passive investors and why stronger operators are emerging. https://www.bigspringcap.com/passiveperspectives/control-paradox-passive-investing https://www.bigspringcap.com/passiveperspectives/control-paradox-passive-investing Fri, 30 Jan 2026 12:00:00 GMT Your career trained you to stay close to problems. Passive investing requires the opposite. Where to focus your energy for better outcomes. https://www.bigspringcap.com/passiveperspectives/investment-decision-paralysis-psychology https://www.bigspringcap.com/passiveperspectives/investment-decision-paralysis-psychology Fri, 23 Jan 2026 12:00:00 GMT Your analytical skills might be keeping you from investing. Here’s why high-achievers often struggle with decision paralysis and how to overcome it. https://www.bigspringcap.com/passiveperspectives/venezuela-oil-production-timeline-investors https://www.bigspringcap.com/passiveperspectives/venezuela-oil-production-timeline-investors Fri, 16 Jan 2026 12:00:00 GMT Venezuela has 300 billion barrels of oil but can’t extract it. Here’s why the “oil flood” narrative ignores infrastructure reality. https://www.bigspringcap.com/passiveperspectives/key-man-risk-syndication-sponsors https://www.bigspringcap.com/passiveperspectives/key-man-risk-syndication-sponsors Fri, 09 Jan 2026 12:00:00 GMT Key man risk rarely shows up in pitch decks. Here’s how to evaluate if your syndication sponsor has real team depth or just one person. https://www.bigspringcap.com/passiveperspectives/are-you-playing-the-right-wealth-game https://www.bigspringcap.com/passiveperspectives/are-you-playing-the-right-wealth-game Fri, 02 Jan 2026 12:00:00 GMT Most high earners play the accumulation game. But net worth and freedom aren’t the same. Here’s how to know which game you’re actually winning. https://www.bigspringcap.com/passiveperspectives/401k-alternative-investments-problem https://www.bigspringcap.com/passiveperspectives/401k-alternative-investments-problem Fri, 26 Dec 2025 12:00:00 GMT Why alternative investments in 401(k)s aren’t really alternative – and what you’re sacrificing when private deals get packaged for retirement accounts. https://www.bigspringcap.com/passiveperspectives/beyond-primary-secondary-tertiary-real-estate-markets https://www.bigspringcap.com/passiveperspectives/beyond-primary-secondary-tertiary-real-estate-markets Fri, 19 Dec 2025 12:00:00 GMT Primary, secondary, tertiary – these market labels don't tell you what matters. Here are the 3 factors that actually drive real estate market tailwinds (or headwinds). https://www.bigspringcap.com/passiveperspectives/2026-multifamily-investing-outlook https://www.bigspringcap.com/passiveperspectives/2026-multifamily-investing-outlook Fri, 12 Dec 2025 12:00:00 GMT Breaking down the 2026 multifamily outlook for passive investors. Rent growth assumptions, overbuilt markets, and how to evaluate deals in this environment. https://www.bigspringcap.com/passiveperspectives/llc-for-syndication-investments https://www.bigspringcap.com/passiveperspectives/llc-for-syndication-investments Fri, 05 Dec 2025 12:00:00 GMT The truth about LLCs, trusts, and entity structures for passive real estate investors. When to start simple and when to add protection. https://www.bigspringcap.com/passiveperspectives/year-end-portfolio-review-align-investments-goals https://www.bigspringcap.com/passiveperspectives/year-end-portfolio-review-align-investments-goals Fri, 28 Nov 2025 12:00:00 GMT Most investors check balances but never ask if their portfolio matches their goals. Here’s a simple year-end (or anytime) review process that takes 60 minutes. https://www.bigspringcap.com/passiveperspectives/define-enough-number https://www.bigspringcap.com/passiveperspectives/define-enough-number Fri, 21 Nov 2025 12:00:00 GMT Most investors never define enough. Here’s why that’s dangerous and how to set real wealth targets instead of arbitrary numbers. https://www.bigspringcap.com/passiveperspectives/deferred-life-plan https://www.bigspringcap.com/passiveperspectives/deferred-life-plan Fri, 14 Nov 2025 12:00:00 GMT Why would you want to make LESS in retirement? The traditional model forces a false choice. Here’s how cash flow investing solves it. https://www.bigspringcap.com/passiveperspectives/investing-vs-speculating-syndications https://www.bigspringcap.com/passiveperspectives/investing-vs-speculating-syndications Fri, 07 Nov 2025 12:00:00 GMT Is your syndication investment-grade or speculation in disguise? Learn what drives returns and the one question every passive investor must ask. https://www.bigspringcap.com/passiveperspectives/matching-syndication-deals-to-liquidity-timeline https://www.bigspringcap.com/passiveperspectives/matching-syndication-deals-to-liquidity-timeline Fri, 31 Oct 2025 12:00:00 GMT The same cash-flowing deal can be perfect or terrible depending on when you need your money back. Match your portfolio to your timeline. https://www.bigspringcap.com/passiveperspectives/how-much-invest-first-syndication https://www.bigspringcap.com/passiveperspectives/how-much-invest-first-syndication Fri, 24 Oct 2025 12:00:00 GMT Don't overextend on your first syndication. Learn the position sizing rule that keeps helps keep you safe when deals go sideways. https://www.bigspringcap.com/passiveperspectives/is-passive-real-estate-investing-cheating https://www.bigspringcap.com/passiveperspectives/is-passive-real-estate-investing-cheating Fri, 17 Oct 2025 12:00:00 GMT High achievers sometimes feel guilty about passive investing. Here’s why that’s backwards…and how to think about active vs passive real estate instead. https://www.bigspringcap.com/passiveperspectives/two-investment-traps https://www.bigspringcap.com/passiveperspectives/two-investment-traps Fri, 10 Oct 2025 12:00:00 GMT Most investors waste time learning everything or hand control to Wall Street. There’s a better way for busy professionals. Here’s how it works. https://www.bigspringcap.com/passiveperspectives/medical-office-senior-housing-outperform-next-decade https://www.bigspringcap.com/passiveperspectives/medical-office-senior-housing-outperform-next-decade Fri, 03 Oct 2025 12:00:00 GMT Baby Boomers are aging into peak healthcare years, and two real estate plays are poised for massive growth. https://www.bigspringcap.com/passiveperspectives/problem-with-double-your-money-five-years https://www.bigspringcap.com/passiveperspectives/problem-with-double-your-money-five-years Fri, 26 Sep 2025 12:00:00 GMT Here’s why “double your money in 5 years” syndications create costly redeployment cycles - and how the hold-forever strategy builds lasting wealth. https://www.bigspringcap.com/passiveperspectives/truth-about-preferred-returns-real-estate-syndications https://www.bigspringcap.com/passiveperspectives/truth-about-preferred-returns-real-estate-syndications Fri, 19 Sep 2025 12:00:00 GMT Preferred returns don’t guarantee cash flow and barely impact total returns. Here’s what you should be paying attention to instead. https://www.bigspringcap.com/passiveperspectives/single-family-hopes-commercial-controls https://www.bigspringcap.com/passiveperspectives/single-family-hopes-commercial-controls Fri, 12 Sep 2025 12:00:00 GMT Here’s how commercial real estate creates equity through operational improvements vs hoping for market appreciation in single family properties https://www.bigspringcap.com/passiveperspectives/four-types-real-estate-investments-passive-investors https://www.bigspringcap.com/passiveperspectives/four-types-real-estate-investments-passive-investors Fri, 05 Sep 2025 12:00:00 GMT Wall Street taught you growth OR income. Real estate offers both. Learn the four-category framework every passive investor needs to know. https://www.bigspringcap.com/passiveperspectives/fed-rate-cuts-dont-always-help-real-estate-investors https://www.bigspringcap.com/passiveperspectives/fed-rate-cuts-dont-always-help-real-estate-investors Fri, 29 Aug 2025 12:00:00 GMT Fed rate cuts don’t always provide immediate relief for real estate investors. Understanding the timing gap between Fed policy and commercial real estate markets. https://www.bigspringcap.com/passiveperspectives/why-waiting-for-2008-again-is-losing-strategy https://www.bigspringcap.com/passiveperspectives/why-waiting-for-2008-again-is-losing-strategy Fri, 22 Aug 2025 12:00:00 GMT Real estate investors waiting for a 2008-style crash are missing opportunities happening now. Here’s why distress looks different today and how to adapt https://www.bigspringcap.com/passiveperspectives/why-chasing-high-returns-fails https://www.bigspringcap.com/passiveperspectives/why-chasing-high-returns-fails Fri, 15 Aug 2025 12:00:00 GMT Chasing flashy investment returns destroys wealth. Here’s the math that proves consistency wins. https://www.bigspringcap.com/passiveperspectives/infinite-returns-real-estate-secret-weapon https://www.bigspringcap.com/passiveperspectives/infinite-returns-real-estate-secret-weapon Fri, 08 Aug 2025 12:00:00 GMT The math behind infinite returns in real estate syndications. Keep ownership, get cash back, multiply your investment power. https://www.bigspringcap.com/passiveperspectives/distribution-dilemma-cash-flow-reinvestment https://www.bigspringcap.com/passiveperspectives/distribution-dilemma-cash-flow-reinvestment Fri, 01 Aug 2025 12:00:00 GMT The operational reality of reinvesting syndication cash flow. Why it's trickier than expected and how successful investors handle it. https://www.bigspringcap.com/passiveperspectives/certainty-trap-investment-psychology https://www.bigspringcap.com/passiveperspectives/certainty-trap-investment-psychology Fri, 25 Jul 2025 12:00:00 GMT Stop chasing “guaranteed” returns that don't exist. Here’s why embracing calculated risk is the key to building real wealth. https://www.bigspringcap.com/passiveperspectives/big-beautiful-real-estate-tax-wins-2025 https://www.bigspringcap.com/passiveperspectives/big-beautiful-real-estate-tax-wins-2025 Fri, 18 Jul 2025 12:00:00 GMT Trump’s Big Beautiful Bill brings 3 major wins for real estate investors. Here’s what passive investors should get excited about. https://www.bigspringcap.com/passiveperspectives/real-estate-supply-demand-vs-market-predictions https://www.bigspringcap.com/passiveperspectives/real-estate-supply-demand-vs-market-predictions Fri, 11 Jul 2025 12:00:00 GMT Smart real estate investors focus on supply and demand over macro predictions. Here’s why this simple principle determines investment success. https://www.bigspringcap.com/passiveperspectives/freedom-foundation-us-investors-take-for-granted https://www.bigspringcap.com/passiveperspectives/freedom-foundation-us-investors-take-for-granted Fri, 04 Jul 2025 12:00:00 GMT There’s an invisible foundation that enables investing success in the US - here’s freedom enables wealth, not the other way around. https://www.bigspringcap.com/passiveperspectives/why-smart-investors-assume-failure https://www.bigspringcap.com/passiveperspectives/why-smart-investors-assume-failure Fri, 27 Jun 2025 12:00:00 GMT Stop hunting for red flags. This evidence-based deal analysis framework helps investors avoid bad real estate syndications by starting with “no.” https://www.bigspringcap.com/passiveperspectives/lp-due-diligence-approach-matters-more https://www.bigspringcap.com/passiveperspectives/lp-due-diligence-approach-matters-more Fri, 20 Jun 2025 12:00:00 GMT Stop treating GPs like adversaries. Instead, take a collaborative approach to due diligence that builds lasting real estate partnerships. https://www.bigspringcap.com/passiveperspectives/is-it-time-to-move-on-from-your-cpa https://www.bigspringcap.com/passiveperspectives/is-it-time-to-move-on-from-your-cpa Fri, 13 Jun 2025 12:00:00 GMT Your CPA might be costing you six figures. Discover when real estate investors need to upgrade from compliance to strategic tax planning. https://www.bigspringcap.com/passiveperspectives/psychology-behind-real-estate-cycles https://www.bigspringcap.com/passiveperspectives/psychology-behind-real-estate-cycles Fri, 06 Jun 2025 12:00:00 GMT Think real estate is immune to market psychology? Think again. Here's how to spot cycles and make smart investment decisions based on investor behavior. https://www.bigspringcap.com/passiveperspectives/psychological-trap-ruins-retirement https://www.bigspringcap.com/passiveperspectives/psychological-trap-ruins-retirement Fri, 30 May 2025 12:00:00 GMT When your portfolio becomes your paycheck, your risk tolerance must fundamentally change. Here's the psychology shift most investors miss. https://www.bigspringcap.com/passiveperspectives/cash-flow-generation-vs-asset-liquidation https://www.bigspringcap.com/passiveperspectives/cash-flow-generation-vs-asset-liquidation Fri, 23 May 2025 12:00:00 GMT Traditional retirement advice tells you to sell assets. Here’s why building a portfolio of income-producing investments creates more reliable retirement income. https://www.bigspringcap.com/passiveperspectives/two-ladder-wealth-strategy https://www.bigspringcap.com/passiveperspectives/two-ladder-wealth-strategy Fri, 16 May 2025 12:00:00 GMT Most professionals climb the corporate ladder hoping for financial freedom, only to discover it leads elsewhere. Here’s why the two-ladder approach to true wealth is better. https://www.bigspringcap.com/passiveperspectives/sell-in-may-real-estate-advantage https://www.bigspringcap.com/passiveperspectives/sell-in-may-real-estate-advantage Fri, 09 May 2025 12:00:00 GMT Wall Street follows “sell in May and go away” while real estate builds wealth year-round. Discover why consistent investing beats seasonal timing strategies. https://www.bigspringcap.com/passiveperspectives/why-focus-on-cash-flow-first https://www.bigspringcap.com/passiveperspectives/why-focus-on-cash-flow-first Fri, 02 May 2025 12:00:00 GMT The tension between cash flow and growth is a false choice. Here’s how to build a portfolio that delivers both immediate income and long-term appreciation. https://www.bigspringcap.com/passiveperspectives/uncommon-questions-passive-investors https://www.bigspringcap.com/passiveperspectives/uncommon-questions-passive-investors Fri, 25 Apr 2025 12:00:00 GMT Cut through marketing noise with these 3 critical questions that expose what's really happening in any real estate syndication deal. https://www.bigspringcap.com/passiveperspectives/investment-hustle-hurting-returns https://www.bigspringcap.com/passiveperspectives/investment-hustle-hurting-returns Fri, 18 Apr 2025 12:00:00 GMT Contrary to what most believe, doing less often leads to better investment results. Explore the power of strategic inaction in your portfolio. https://www.bigspringcap.com/passiveperspectives/economic-noise-multifamily-fundamentals https://www.bigspringcap.com/passiveperspectives/economic-noise-multifamily-fundamentals Fri, 11 Apr 2025 12:00:00 GMT Market volatility is creating noise, but savvy investors see opportunity. Discover why multifamily fundamentals remain unchanged despite economic uncertainty. https://www.bigspringcap.com/passiveperspectives/strategic-illiquidity-cash-flow https://www.bigspringcap.com/passiveperspectives/strategic-illiquidity-cash-flow Fri, 04 Apr 2025 12:00:00 GMT The ability to quickly sell investments often comes at a high cost. Explore how strategic illiquidity and cash flow can strengthen your portfolio. https://www.bigspringcap.com/passiveperspectives/what-waiting-to-invest-costs-you https://www.bigspringcap.com/passiveperspectives/what-waiting-to-invest-costs-you Fri, 28 Mar 2025 12:00:00 GMT Waiting for the perfect investment timing? Learn how opportunity cost silently erodes your wealth and why time invested beats perfect timing. https://www.bigspringcap.com/passiveperspectives/magic-of-boring-investing https://www.bigspringcap.com/passiveperspectives/magic-of-boring-investing Fri, 21 Mar 2025 12:00:00 GMT The magic of compounding is real - but only if you don't interrupt it. Here’s why wealth preservation should be your #1 priority as an investor. https://www.bigspringcap.com/passiveperspectives/stock-market-volatility-2025-cash-flow-king https://www.bigspringcap.com/passiveperspectives/stock-market-volatility-2025-cash-flow-king Fri, 14 Mar 2025 12:00:00 GMT As stock market volatility reaches record levels in 2025, discover why smart investors are prioritizing cash-flowing real estate assets over unpredictable paper wealth. https://www.bigspringcap.com/passiveperspectives/pro-forma-always-wrong https://www.bigspringcap.com/passiveperspectives/pro-forma-always-wrong Fri, 07 Mar 2025 12:00:00 GMT A few weeks ago, Adam and I interviewed Aram Sarkissian on our Wealth Independence podcast, and he dropped a perspective that stopped me in my tracks: https://www.bigspringcap.com/passiveperspectives/spotted-apartment-shortage-early https://www.bigspringcap.com/passiveperspectives/spotted-apartment-shortage-early Fri, 28 Feb 2025 12:00:00 GMT I still remember the moment Ken McElroy brought it up in January 2024. https://www.bigspringcap.com/passiveperspectives/real-estate-syndication-lp-gp-relationship https://www.bigspringcap.com/passiveperspectives/real-estate-syndication-lp-gp-relationship Fri, 21 Feb 2025 12:00:00 GMT Sometimes, the world of real estate syndications can feel like drowning in alphabet soup. https://www.bigspringcap.com/passiveperspectives/reits-are-not-real-estate https://www.bigspringcap.com/passiveperspectives/reits-are-not-real-estate Fri, 14 Feb 2025 12:00:00 GMT Here’s something I often hear from investors who've only ever invested in the stock market: https://www.bigspringcap.com/passiveperspectives/syndication-evaluation-framework-four-pillars https://www.bigspringcap.com/passiveperspectives/syndication-evaluation-framework-four-pillars Fri, 07 Feb 2025 12:00:00 GMT I had an interesting conversation with an investor recently that left me shaking my head. https://www.bigspringcap.com/passiveperspectives/cre-syndication-debt-guide https://www.bigspringcap.com/passiveperspectives/cre-syndication-debt-guide Fri, 31 Jan 2025 12:00:00 GMT I've been having some interesting conversations lately with other apartment operators and sponsors in my network. https://www.bigspringcap.com/passiveperspectives/multifamily-vs-single-family-why-scale-matters-for-investors https://www.bigspringcap.com/passiveperspectives/multifamily-vs-single-family-why-scale-matters-for-investors Fri, 24 Jan 2025 12:00:00 GMT I can take you to the exact spot where everything changed for me. https://www.bigspringcap.com/passiveperspectives/preferred-returns-real-estate-syndication https://www.bigspringcap.com/passiveperspectives/preferred-returns-real-estate-syndication Fri, 17 Jan 2025 12:00:00 GMT I had an interesting conversation with an investor recently that highlighted a common misunderstanding in real estate syndications. https://www.bigspringcap.com/passiveperspectives/net-worth-wrong-way-measure-wealth https://www.bigspringcap.com/passiveperspectives/net-worth-wrong-way-measure-wealth Fri, 10 Jan 2025 12:00:00 GMT As I was writing last week’s newsletter about freedom and independence, I stumbled across a highlighted quote in my copy of Rich Dad Poor Dad that really grabbe https://www.bigspringcap.com/passiveperspectives/redefining-financial-freedom-optionality https://www.bigspringcap.com/passiveperspectives/redefining-financial-freedom-optionality Fri, 03 Jan 2025 12:00:00 GMT I recently had an interesting realization during a workout in the freezing cold. https://www.bigspringcap.com/passiveperspectives/private-credit-real-estate-opportunity https://www.bigspringcap.com/passiveperspectives/private-credit-real-estate-opportunity Fri, 27 Dec 2024 12:00:00 GMT A few months ago, as I scrolled through loan term sheets for an apartment deal we were pursuing, I couldn't help but shake my head at how dramatically things ha https://www.bigspringcap.com/passiveperspectives/evaluating-value-add-real-estate https://www.bigspringcap.com/passiveperspectives/evaluating-value-add-real-estate Fri, 20 Dec 2024 12:00:00 GMT A couple months ago, my business partner Adam and I were sitting in Ken McElroy's conference room in Scottsdale. https://www.bigspringcap.com/passiveperspectives/real-estate-exit-strategies-passive-investors https://www.bigspringcap.com/passiveperspectives/real-estate-exit-strategies-passive-investors Fri, 13 Dec 2024 12:00:00 GMT Back in the fall of 2022, I had the opportunity to have dinner with George Ross. https://www.bigspringcap.com/passiveperspectives/wealth-preservation-real-estate-cash-flow https://www.bigspringcap.com/passiveperspectives/wealth-preservation-real-estate-cash-flow Fri, 06 Dec 2024 12:00:00 GMT Several months ago, I had an enlightening conversation with a potential investor that perfectly highlighted a disconnect I see all too often. https://www.bigspringcap.com/passiveperspectives/abundance-mindset-investing-lessons https://www.bigspringcap.com/passiveperspectives/abundance-mindset-investing-lessons Fri, 29 Nov 2024 12:00:00 GMT I hope you all had a wonderful Thanksgiving yesterday filled with family, friends, and lots of food! https://www.bigspringcap.com/passiveperspectives/strategic-tax-planning-investors https://www.bigspringcap.com/passiveperspectives/strategic-tax-planning-investors Fri, 22 Nov 2024 12:00:00 GMT I’ve had the most exciting topic in the world on my mind the last few days: https://www.bigspringcap.com/passiveperspectives/trump-presidency-real-estate-strategy https://www.bigspringcap.com/passiveperspectives/trump-presidency-real-estate-strategy Fri, 15 Nov 2024 12:00:00 GMT Two weeks ago, I urged investors to focus on fundamentals over election drama. https://www.bigspringcap.com/passiveperspectives/apartment-rent-surge-analysis https://www.bigspringcap.com/passiveperspectives/apartment-rent-surge-analysis Fri, 08 Nov 2024 12:00:00 GMT I’ve been pounding the table about the upcoming apartment supply shortage (and why now is the time to be buying) for some time, and more and more evidence suppo https://www.bigspringcap.com/passiveperspectives/election-impact-real-estate-investing https://www.bigspringcap.com/passiveperspectives/election-impact-real-estate-investing Fri, 01 Nov 2024 12:00:00 GMT Unless you've been living under a rock, you know the presidential election is next week. (Consider this your reminder to vote on Tuesday! 🇺🇸) https://www.bigspringcap.com/passiveperspectives/single-family-vs-multifamily-comparison https://www.bigspringcap.com/passiveperspectives/single-family-vs-multifamily-comparison Fri, 18 Oct 2024 12:00:00 GMT Last week, I was talking to an experienced real estate investor who owns several single-family rental homes. https://www.bigspringcap.com/passiveperspectives/cash-flow-investing-strategy https://www.bigspringcap.com/passiveperspectives/cash-flow-investing-strategy Fri, 11 Oct 2024 12:00:00 GMT Today I want to dive into something that's been on my mind a lot recently: the often-overlooked power of cash flow in real estate investing. https://www.bigspringcap.com/passiveperspectives/oil-gas-investment-tax-benefits https://www.bigspringcap.com/passiveperspectives/oil-gas-investment-tax-benefits Fri, 20 Sep 2024 12:00:00 GMT Here’s a dirty secret of passively investing in real estate: https://www.bigspringcap.com/passiveperspectives/creative-syndication-funding-strategies https://www.bigspringcap.com/passiveperspectives/creative-syndication-funding-strategies Fri, 13 Sep 2024 12:00:00 GMT If you’ve never invested in a real estate syndication before, often the biggest surprise is the minimum investment amount. https://www.bigspringcap.com/passiveperspectives/dallas-real-estate-conference-insights https://www.bigspringcap.com/passiveperspectives/dallas-real-estate-conference-insights Fri, 06 Sep 2024 12:00:00 GMT Before diving into today’s newsletter, I want to give a big thank you to everyone who shared their thoughts in last week’s subscriber survey. I’m leaving the su https://www.bigspringcap.com/passiveperspectives/multifamily-market-bottom-analysis https://www.bigspringcap.com/passiveperspectives/multifamily-market-bottom-analysis Fri, 23 Aug 2024 12:00:00 GMT I saw a headline this week that really grabbed my attention: https://www.bigspringcap.com/passiveperspectives/breaking-local-market-mindset https://www.bigspringcap.com/passiveperspectives/breaking-local-market-mindset Fri, 16 Aug 2024 12:00:00 GMT It’s no secret that I’m not the biggest Dave Ramsey fan in the world. https://www.bigspringcap.com/passiveperspectives/multifamily-buying-opportunity-2024 https://www.bigspringcap.com/passiveperspectives/multifamily-buying-opportunity-2024 Fri, 09 Aug 2024 12:00:00 GMT In his 1986 letter to shareholders, Berkshire Hathaway chairman Warren Buffet first shared his most famous investment principle: https://www.bigspringcap.com/passiveperspectives/real-estate-demographics-population-trends https://www.bigspringcap.com/passiveperspectives/real-estate-demographics-population-trends Fri, 26 Jul 2024 12:00:00 GMT Last weekend, I was speaking with a couple of investors when the topic of declining population came up. https://www.bigspringcap.com/passiveperspectives/passive-income-freedom-number https://www.bigspringcap.com/passiveperspectives/passive-income-freedom-number Fri, 19 Jul 2024 12:00:00 GMT A little over two years ago, I was brainstorming titles for a newsletter I felt compelled to start. https://www.bigspringcap.com/passiveperspectives/cash-flow-or-appreciation https://www.bigspringcap.com/passiveperspectives/cash-flow-or-appreciation Fri, 12 Jul 2024 12:00:00 GMT “What’s more important to you: cash flow or appreciation?” https://www.bigspringcap.com/passiveperspectives/local-government-affordable-housing-solutions https://www.bigspringcap.com/passiveperspectives/local-government-affordable-housing-solutions Fri, 05 Jul 2024 12:00:00 GMT First off, I hope you had a very happy Fourth of July yesterday. 🇺🇸 https://www.bigspringcap.com/passiveperspectives/2024-investor-summit-takeaways https://www.bigspringcap.com/passiveperspectives/2024-investor-summit-takeaways Fri, 28 Jun 2024 12:00:00 GMT I just got back from spending 10 days at the Real Estate Guys annual Investor Summit, an event I’ve been looking forward to since attending last year’s Summit. https://www.bigspringcap.com/passiveperspectives/understanding-irr-real-estate-syndications https://www.bigspringcap.com/passiveperspectives/understanding-irr-real-estate-syndications Fri, 21 Jun 2024 12:00:00 GMT This week, I saw an older tweet from prominent multifamily syndicator Moses Kagan: https://www.bigspringcap.com/passiveperspectives/are-you-ready-for-passive-investing https://www.bigspringcap.com/passiveperspectives/are-you-ready-for-passive-investing Fri, 14 Jun 2024 12:00:00 GMT Passive income. It’s almost magical – you do nothing, and money shows up in your mailbox (or bank account). https://www.bigspringcap.com/passiveperspectives/key-takeaways-expert-investors https://www.bigspringcap.com/passiveperspectives/key-takeaways-expert-investors Fri, 07 Jun 2024 12:00:00 GMT I’m a member of a mastermind called the Collective Inner Circle, a small but mighty group of business owners, entrepreneurs, and investors. https://www.bigspringcap.com/passiveperspectives/interest-rates-new-normal https://www.bigspringcap.com/passiveperspectives/interest-rates-new-normal Fri, 31 May 2024 12:00:00 GMT It’s easy for real estate investors to get caught up in their own world. https://www.bigspringcap.com/passiveperspectives/multiple-exit-strategies https://www.bigspringcap.com/passiveperspectives/multiple-exit-strategies Fri, 24 May 2024 12:00:00 GMT This might sound like a crazy question, but… https://www.bigspringcap.com/passiveperspectives/syndication-legal-docs-explained https://www.bigspringcap.com/passiveperspectives/syndication-legal-docs-explained Fri, 17 May 2024 12:00:00 GMT For the last two-plus decades, investing in stocks and ETFs has been very straightforward. https://www.bigspringcap.com/passiveperspectives/understanding-cre-capital-stack https://www.bigspringcap.com/passiveperspectives/understanding-cre-capital-stack Fri, 10 May 2024 12:00:00 GMT I don’t know about you, but the first thing that comes to mind when I hear the word “stack” is a big plate of Cracker Barrel pancakes. https://www.bigspringcap.com/passiveperspectives/airbnb-investing-2024 https://www.bigspringcap.com/passiveperspectives/airbnb-investing-2024 Fri, 03 May 2024 12:00:00 GMT A trend I’ve been following for a while is something that’s been termed the “Airbnbust.” It generally refers to: https://www.bigspringcap.com/passiveperspectives/job-security-is-an-illusion https://www.bigspringcap.com/passiveperspectives/job-security-is-an-illusion Fri, 26 Apr 2024 12:00:00 GMT Heads-up: this email isn’t directly related to real estate or investing. But it does speak to a core reason everyone should invest to create passive streams of https://www.bigspringcap.com/passiveperspectives/silver-tsunami-investment-opportunities https://www.bigspringcap.com/passiveperspectives/silver-tsunami-investment-opportunities Fri, 19 Apr 2024 12:00:00 GMT Baby Boomers (those born from roughly 1946 to 1964), have been responsible for a number of important technological and scientific advancements. Personal compute https://www.bigspringcap.com/passiveperspectives/real-estate-market-cycles https://www.bigspringcap.com/passiveperspectives/real-estate-market-cycles Fri, 12 Apr 2024 12:00:00 GMT The whole world moves in cycles. https://www.bigspringcap.com/passiveperspectives/understanding-risk-adjusted-returns https://www.bigspringcap.com/passiveperspectives/understanding-risk-adjusted-returns Fri, 05 Apr 2024 12:00:00 GMT One of my favorite parts about this business is introducing investors to the world of syndications and private placements. https://www.bigspringcap.com/passiveperspectives/investing-syndications-retirement-funds https://www.bigspringcap.com/passiveperspectives/investing-syndications-retirement-funds Fri, 29 Mar 2024 12:00:00 GMT It could be because it’s tax season (have you filed or extended yet?)… https://www.bigspringcap.com/passiveperspectives/real-estate-distress-2024 https://www.bigspringcap.com/passiveperspectives/real-estate-distress-2024 Fri, 22 Mar 2024 12:00:00 GMT Match 22, 2024 https://www.bigspringcap.com/passiveperspectives/common-and-costly-mistake https://www.bigspringcap.com/passiveperspectives/common-and-costly-mistake Fri, 15 Mar 2024 12:00:00 GMT I’ve had conversations with several investors recently, most being folks who are newer to investing in real estate and/or syndications. https://www.bigspringcap.com/passiveperspectives/legal-finance-portfolio-diversification https://www.bigspringcap.com/passiveperspectives/legal-finance-portfolio-diversification Fri, 08 Mar 2024 12:00:00 GMT Confession: I have shiny object syndrome. https://www.bigspringcap.com/passiveperspectives/1031-exchange-tax-advantage https://www.bigspringcap.com/passiveperspectives/1031-exchange-tax-advantage Fri, 01 Mar 2024 12:00:00 GMT Last week, I had a conversation with an investor who owns a small portfolio of small multifamily properties. He’s owned some of the properties for more than a d https://www.bigspringcap.com/passiveperspectives/transformative-investment-moments https://www.bigspringcap.com/passiveperspectives/transformative-investment-moments Fri, 23 Feb 2024 12:00:00 GMT It’s no secret that I have more than a few contrarian opinions, especially when it comes to finance and investing. https://www.bigspringcap.com/passiveperspectives/you-cant-eat-equity https://www.bigspringcap.com/passiveperspectives/you-cant-eat-equity Thu, 15 Feb 2024 12:00:00 GMT A few years out of college, I had a very modest, but growing, 401(k) balance. https://www.bigspringcap.com/passiveperspectives/stop-chasing-income https://www.bigspringcap.com/passiveperspectives/stop-chasing-income Thu, 08 Feb 2024 12:00:00 GMT Growing up in small-town East Tennessee, it was well understood that you had to become a doctor or a lawyer if you wanted to be rich. Those were the only two pa https://www.bigspringcap.com/passiveperspectives/investing-tradeoff-triangle https://www.bigspringcap.com/passiveperspectives/investing-tradeoff-triangle Fri, 02 Feb 2024 12:00:00 GMT There are no solutions. There are only trade-offs. – Thomas Sowell https://www.bigspringcap.com/passiveperspectives/essential-guide-syndication-fees https://www.bigspringcap.com/passiveperspectives/essential-guide-syndication-fees Thu, 25 Jan 2024 12:00:00 GMT During my sophomore year at the University of Tennessee, I took an introduction to accounting class. Accounting 201 was required coursework for all business maj https://www.bigspringcap.com/passiveperspectives/ken-mcelroy-real-estate-forecast https://www.bigspringcap.com/passiveperspectives/ken-mcelroy-real-estate-forecast Thu, 18 Jan 2024 12:00:00 GMT "2026 will be an incredible year for rent growth and values if you own real estate." https://www.bigspringcap.com/passiveperspectives/economic-outlook-2024 https://www.bigspringcap.com/passiveperspectives/economic-outlook-2024 Wed, 10 Jan 2024 12:00:00 GMT Unlike the AI-generated investor above, no one can predict the future.