Lessons from Being an Active and Passive Investor with Mark Cira, Ep. 362

Mark Cira is the co-founder of Cira Capital Group, a firm focused on curating diverse private real estate investments. As the CFO of a consulting firm and a registered CPA, Mark understands the difficulties that busy professionals face when seeking quality real estate operators and investment opportunities.

 

Let’s dive in to learn more about passive investing and the important role the operators play in it.

 

Announcement: Download Our Sample Deal and Join Our Mailing List

 

[00:01 – 06:07] Opening Segment 

• Mark talks about his background.
• He talks about how he got started with real estate investing with his spouse.
• Why they leaned into passive investing.

[06:07– 14:11] Long Term Vision

• The importance of understanding what the goals are when starting out.
• Why you should have a long-term vision.
• Why Mark switched to the passive side from being an active investor.
• The amount of work required to be an active investor.
• The downsides of being a syndicator.

[14:11 – 25:34] Active to Passive Investing

• Top things to know about passive investing.
• Why the sponsor is very important in passive investing.
• Why you should calculate the risks when underwriting a deal.
• The importance of finding sponsors that you want to be partnered up with over an extended period of time.
• Why it’s less about the underwriting and more about the individual.
• Mark’s number one approach to finding great operators.

 

[25:34 – 29:33] Round of Insights

Apparent Failure:

Not investing passively from the get go.

 

Digital Resource:

Global Financiers Officers Association

 

Most Recommended Book:

Investing in Real Estate Private Equity

 

Daily Habit: 

Reading

 

Best Place to Grab a Bite in Chicago:

Franco’s

 

#1 Insight for Multifamily Investing:

Focus on the long term and diversify.

 

 

Contact Mark:

To learn more go to ciracapitalgroup.com and download the free book.

 

Tweetable Quotes:

“So as a passive investor it’s all about surviving a downturn in order to thrive in the long term” – Mark Cira

 

“Focus on the long term and diversify” – Mark Cira

 

Thank you for joining us for another great episode! If you’re enjoying the show, please LEAVE A RATING OR REVIEW,  and be sure to hit that subscribe button so you do not miss an episode.