On today’s episode, Rich sits down with James McCabe – Founder and a Managing Partner at The Placement Funds. As an investor, capital raiser, and connector, James has facilitated over $100M for real estate projects in recent years. While James’ funds are primarily focused on Multifamily real estate, they also have diversified interests to include businesses and structured lending. Rich and James discuss what James was doing before he got into real estate investing, how he started his retirement account fund, and the fact that there's roughly $38 trillion sitting in retirement accounts in the U.S. right now. They dive into Rich's decision to cash out his 401k to get started in real estate investing and if they'd recommend that same strategy for others, the concept of "The Rule of 72 or Einstein's Eighth Wonder of the World", and the dynamics of James working alongside his wife. They also dive into James' real portfolio and what kind of assets he's buying, how he prefers structuring deals around a hard asset and having some sort of collateral, the benefit of having an asset management arm of your business to be able to pivot quickly as needed, and how they structure their syndications and funds. Connect with James on Instagram: @_jmccabe_Join our investor waitlist and stay in the know about our next investor opportunity with Somers Capital: www.somerscapital.com/invest. Want to join our Boutique Hotel Mastermind Community? Book a free strategy call with our team: www.hotelinvesting.com. If you're committed to scaling your personal brand and achieving 7-figure success, it's time to level up with the 7 Figure Creator Mastermind Community. Book your exclusive intro call today at www.the7figurecreator.com and gain access to the strategies that will accelerate your growth.

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“What did the council decide on item 42?” — answered with the speaker and the moment.

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