Building Wealth Through Passive Investing While Making An Impact with Julie Lam

Listen to the Episode (22:56)

Julie Lam, Co-Founder, and CEO of GoodEgg Investments have been investing in Real Estate since 2009. During that time she has focused mostly on buy-and-hold rentals, private lending, passive investing through real estate syndications, and active multifamily investing.

Julie is the Co-creator of the online courses Real estate accelerator and Passive Real Estate investor Academy. She is also the Co-host of the Investing for Good Podcast and Co-author of the book Investing for Good: How to Build Wealth While Also Making An Impact.

[00:01] – [05:58] Opening Segment

Let’s get to know Julie Lam
Julie talks to us about her background
- How she got into commercial real estate and passive syndication
How Real Estate Investing helped her achieve freedom in life

[05:59] – [11:31] Building Wealth Through Passive Investing

Julie talks about their first deal in 2016
Spending a lot of time doing research and educating herself with each deal
How she adds value and making operating wanting to work with her

[11:32] – [18:45] Good Egg Investments Making An Impact

Julie talks about The Good Egg Structure/Model
The importance of networking to developing their platform
Adding value and making an impact
Solidifying relationships with the team before digging deep into the deal

[18:46] – [22:33] Closing Segment

Julie’s advice to aspiring investors
- Have perseverance. Be Committed.
How Julie stays on top of her game
Her way to make the world a better place
How to reach out to Julie – links below
Final words

Tweetable Quotes:

“The last thing you want to do, is to get into a good deal on paper with a bad team or vice versa. Because anything can look good on paper, but with a bad team that deal can go south. – Julie Lam

“Never put more than 10 percent of your overall net worth into one deal.” – Julie Lam

“Really get to know the people that you’re working with.” – Julie Lam

Resources Mentioned: