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Building Passive Income

Building Passive Income

By: Wayne Courreges III
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About this listen

 Welcome to the Building Passive Income podcast with your host, Wayne Courreges III. From serving as a U.S. Marine to becoming a successful real estate investor and founder of CREI Partners, Wayne shares his journey and the lessons learned along the way. Each episode offers valuable insights into building wealth through real estate, with a focus on helping passive investors make informed, confident decisions. Whether you're new to real estate or looking to deepen your knowledge, this podcast is your go-to resource for education, strategy, and inspiration on your path to financial freedom.© 2025 CREI Partners Economics Leadership Management & Leadership Personal Development Personal Finance Personal Success
Episodes
  • BPI Episode #16: Smart Questions, Safe Investments: How to Assess Deals Effectively

    BPI Episode #16: Smart Questions, Safe Investments: How to Assess Deals Effectively
    Jun 19 2025
    In this episode, Wayne Courreges III discusses how to evaluate investment deals, focusing on identifying potential red flags that may indicate a deal is too good to be true. He emphasizes the importance of understanding promised returns, market comparisons, and the role of sponsors in the investment process. The conversation provides valuable insights for passive investors on how to approach deal evaluation and make informed decisions. Takeaways
    • Always question if a deal is too good to be true.
    • Look for promised returns backed by solid support.
    • Understand the importance of market comparisons.
    • Evaluate the performance of similar properties.
    • Ensure sponsors are investing their own capital.
    • Transparency in underwriting is crucial.
    • Be cautious of rushed decision-making.
    • Conduct sensitivity analysis for risk assessment.
    • Consider the role of third-party management in underwriting.
    • Utilize resources like passive investor coaching for education.
    Chapters
    • (00:00:00) - Building Passive Income
    • (00:01:00) - What Makes A Real Estate Deal Too Good To Be True?
    • (00:09:12) - Passive Investment Coaching
    • (00:10:34) - Building Passive Income
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    11 mins
  • BPI Episode #15: Behind the Deal: What Smart Investors Know Before They Buy

    BPI Episode #15: Behind the Deal: What Smart Investors Know Before They Buy
    Jun 18 2025
    In this episode, Wayne Courreges III discusses an exciting investment opportunity in real estate, highlighting the importance of thorough market analysis, due diligence, and the role of a strong team in successful property management. He emphasizes the need for investors to be educated and prepared to act quickly when opportunities arise, as well as the significance of maintaining transparency with investors throughout the investment process. Takeaways
    • Investors should be proactive in learning about real estate.
    • Strong broker relationships can lead to exclusive opportunities.
    • Understanding market conditions is crucial for investment success.
    • Location and cash flow are key factors in property evaluation.
    • A high debt service coverage ratio indicates financial health.
    • Due diligence is essential before raising capital for investments.
    • Google reviews can provide insights into property management quality.
    • A reliable team is vital for effective asset management.
    • Transparency with investors builds trust and confidence.
    • Continuous learning is important for successful investing.
    Chapters
    • (00:00:00) - Building Passive Income
    • (00:01:00) - CREI Partners: Exciting Investment Opportunity
    • (00:10:22) - A Passive Investment: The Process Behind a Deal
    • (00:12:42) - Building Passive Income
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    14 mins
  • BPI Episode #14: How to Read an Offering Memorandum (OM)

    BPI Episode #14: How to Read an Offering Memorandum (OM)
    Jun 17 2025
    In this episode, Wayne Courreges III discusses the importance of understanding the offering memorandum in real estate investing. He emphasizes the need to thoroughly review the private placement memorandum, subscription agreement, and company agreement before making an investment. The conversation covers key components of the offering memorandum, including the business plan, financial projections, capital stack, and risk assessment, providing listeners with essential insights for making informed investment decisions. Takeaways
    • Understanding the offering memorandum is crucial for real estate investing.
    • Investors should not just sign documents without understanding them.
    • The private placement memorandum contains vital information about the investment.
    • The business plan outlines how the investment will generate revenue.
    • Financial projections should be detailed and clear.
    • Understanding the capital stack is essential for assessing risk.
    • Investors need to be aware of market risks and property-specific issues.
    • Alignment between presentations and documents is a red flag.
    • Investors should feel comfortable with the investment timeline.
    • Resources like passive investor coaching can accelerate learning.
    Chapters
    • (00:00:00) - Building Passive Income
    • (00:01:00) - What To Read An Offerment Memorandum
    • (00:07:00) - Offering Memorandum
    • (00:10:28) - Capital Stack
    • (00:11:59) - Reading the Offerment Memorandum
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    15 mins

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