Trust is important in doing business such as real estate as you will have to deal with a lot of people – brokers, operators, sponsors, etc. It is important to find people in businesses that are trustworthy, especially when you are investing money in the deals. In this episode, we pick the brain of Lance Pederson of Verivest, an end-to-end real estate investment platform designed to bring transparency to middle-market investing.

Lance shares first how he started in the real estate industry and how he began Verivest. Lance emphasizes the importance of learning the business fast, finding the right people, and making it happen. Lance puts in the spotlight why having an entrepreneurial mindset will be to your advantage. He also helps us understand the friction between LPs and GPs and how to minimize that. Lance also discusses institutional money – its pros and cons. Lance’s prediction in the real estate market over the next six to twelve months is – we are becoming a nation of renters. Tune in and learn the shortcut to trust for passive investors!