Lennon Lee and Stony Stonebraker hit it off as they pursued their investment goals and acquired interests in properties in Texas and Florida. At the same time, Lennon built a popular monthly multifamily meetup in Miami.
Their chance meeting at that lunch led to a partnership in teaching the advantages of passive investing in commercial real estate to other families. From the Multifamily Meetup to educational resources to teaching youngsters in Big Brothers & Big Sisters how to play the Cash Flow game, they continued to reach out to their communities. And finally, it led to the creation of Passivo REI, with a focus on the Latino investor.
Let’s welcome Lennon and Stony to the show and learn more about the Florida market and their approach to real estate.
LISTEN HERE:
[00:01 – 03:25] Opening Segment
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Lennon and Stony talk about their backgrounds.
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How they started investing.
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How they formalized their company Passivo.
[03:25 – 18:20] The Florida Market and Marketing
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Stony breaks down the Florida Market.
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Why the Florida market is growing.
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The parts of Florida they prefer to invest in.
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Why understanding your target avatar is important.
[18:20 – 29:29] Niching Down Your Audience
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Stony talks about their podcast.
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The relationships between Latin American investors.
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Understanding cultural norms.
Announcement: Download Our Sample Deal and Join Our Mailing List
[29:29 – 36:48] Bullseye Round
Apparent Failure:
Making the wrong investment in the past.
Digital Resource:
Syndication Pro
Most Recommended Book:
Daily Habit:
Working out.
I Wish I Knew When I Was Starting:
The financial benefits of real estate
Best Place to Grab a Bite in Florida – Miami:
Mandolin
Contact Lennon and Stony:
You can connect with Lennon and Stony on Facebook, Linkedin, Instagram or on their website.
Go to https://passivorei.com/dream to download their book and check out their youtube.
Tweetable Quotes:
“Real estate has all the vehicles to extend your time for money and having that money work for you .” – Lennon Lee
“We want to be happy by helping people become successful themselves.” – Stony Stonebreaker.
Thank you for joining us for another great episode! If you’re enjoying the show, please LEAVE A RATING AND REVIEW, and be sure to hit that subscribe button so you do not miss an episode.