#144 - Vet Sponsors Before Wiring Capital with Ken Gee

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Send us Fan Mail [https://www.buzzsprout.com/2247837/fan_mail/new] There are four rules that every passive investor must use to vet a real estate sponsor — and if you skip them, you're gambling with your money. In this episode of Path to Passive, host Steven Arita sits down with Ken Gee, CPA, former Deloitte real estate tax advisor, Founder and managing member of KRI Partners, a private equity firm on its sixth multifamily fund with a track record spanning decades. Ken built his career watching high-net-worth clients quietly compound wealth through real estate while he worked 80-hour weeks at Deloitte — until a 3 AM feeding with his newborn daughter made him realize his family was going to grow up without him. That moment of clarity sent him on an 18-month self-education sprint that led to his first 28-unit building, a half-million-dollar payday three years later, and eventually a thriving private equity firm. Now Ken shares the four rules he wishes every passive investor knew before writing a check: a sponsor must have a full-cycle track record, a management team seasoned enough to survive recessions and black swan events, a commitment to radical transparency, and a fee structure that proves they put investors first. He also explains exactly what crazy waterfall terms and multi-layered fees really signal — and why you should run from them. For W-2 tech professionals ready to build passive income through real estate investing, this episode gives you a clear, no-fluff framework to protect your capital and choose sponsors worth trusting. Connect with Ken: 🔗 LinkedIn: https://www.linkedin.com/in/geekennetha/ [https://www.linkedin.com/in/geekennetha/] 🌐 Company Website: https://www.kripartners.com/ [https://www.kripartners.com/] Episode Highlights: [0:47] – Intro: Welcome to Path to Passive [1:50] – Ken shares how a 3 AM feeding with his newborn sparked his exit from Deloitte and into real estate. [5:08] – Knowledge builds confidence: Ken's success formula that took him from banker to multifamily investor. [11:47] – Find your "Gary": How a fifty-fifty partnership with an eviction attorney unlocked Ken's first big deals. [16:23] – Raise the money first: The fund model shift that separated KRI Partners from every other syndicator in the room. [19:29] – Passive vs. active: Why most W-2 professionals should start as passive investors — and what to do first. [46:26] – Ken's daughter joins the firm: The full-circle moment that made building this business truly worth it. [0:00] – Ken previews his 4 rules for vetting sponsors — the fastest framework for protecting your passive investment. [49:32] – Outro: Connect with Ken at kripartners.com — Share this with your tech friends who you think would benefit from learning about passive income and alternative real estate investments. For more resources and guides, check these out: Crack the Code https://www.aritacapital.com/crack-the-code/ Investor 101 https://www.aritacapital.com/investor-101-resource/ Due Diligence Resource https://www.aritacapital.com/dd-checklist-resource/ If you want to learn more, reach out at: Email: steven@aritacapital.com LinkedIn: https://www.linkedin.com/in/aritasteven/ IG: https://www.instagram.com/the.real.arita

#142 - Private Money Beats Bank Financing with Jay Conner

Send us Fan Mail [https://www.buzzsprout.com/2247837/fan_mail/new] What if the funding strategy that saved one real estate investor's entire business during the 2008 financial crisis could also help you grow your wealth passively — without touching the stock market? In this episode of Path to Passive, host Steven Arita sits down with Jay Conner, a seasoned real estate investor who has rehabbed and flipped over 500 houses in Eastern North Carolina and built a seven-figure business using a little-known strategy called private money lending. Jay's story starts with a gut punch: in January 2009, he called his banker to fund two houses he already had under contract — only to discover his line of credit had been quietly closed overnight due to the global financial crisis. With earnest money already on the line and no way to fund the deals, Jay asked himself one powerful question: "Who do I know that can help fix my problem?" That question led him to a friend, a conference in Jacksonville, and ultimately to raising $2,150,000 in private funding — without ever pitching a deal or asking a single person for money. In this conversation, you'll learn exactly how private money works, why it's completely different from hard money lending, how ordinary people with "lazy money" sitting in 401ks and self-directed IRAs can earn 8–10% returns passively while you get deals funded fast, and the one mindset shift — becoming a teacher, not a salesperson — that changes everything. Jay also shares the word-for-word "good news phone call" script he uses to deploy investor capital, why the worst time to raise private money is when you need it, and how to close deals in seven days with as few as five documents. Whether you're a W-2 tech professional exploring passive real estate investing or an operator looking to scale without bank limits, this episode delivers a complete, actionable roadmap to funding your deals on your own terms. Connect with Jay: 🔗 LinkedIn: https://www.linkedin.com/in/jayconner-privatemoneyauthority/ [https://www.linkedin.com/in/jayconner-privatemoneyauthority/] 🌐 Company Website: https://www.jayconner.com/ [https://www.jayconner.com/] 🎟️ Private Money Conference ($97 listener rate) → https://theprivatemoneyconference.com/go-762805?utm_source=linkedin&fpr=kaitlyn-bentley86 [https://theprivatemoneyconference.com/go-762805?utm_source=linkedin&fpr=kaitlyn-bentley86] 📖 Jay's Book: Where to Get the Money Now → https://www.jayconner.com/book-details/?fpr=kaitlyn-bentley86 [https://www.jayconner.com/book-details/?fpr=kaitlyn-bentley86] 📄 Free private money scripts PDF → https://go.privatemoneychallenge.com/scripts-lander-podcast [https://go.privatemoneychallenge.com/scripts-lander-podcast] Episode Highlights: 0:00] – Intro [0:51] – Intro: How private money lending tripled Jay's business and became his #1 funding strategy. [4:09] – The 2008 wake-up call: Jay's bank cut his credit line with two houses already under contract. [11:30] – The $969K luncheon: How Jay raised nearly $1M at one lunch with no deals attached. [13:07] – The "Private Money Teacher" mindset: Stop asking, begging, and chasing — start teaching. [14:19] – Why raising money when you need it is the #1 mistake investors make. [23:58] – Private money vs. hard money: The key distinction every operator needs to know. [25:48] – Win-win breakdown: Why passive lenders earn 8–10% while operators get unlimited capital. [46:32] – Outro — Share this with your tech friends who you think would benefit from learning about passive income and alternative real estate investments. For more resources and guides, check these out: Crack the Code https://www.aritacapital.com/crack-the-code/ Investor 101 https://www.aritacapital.com/investor-101-resource/ Due Diligence Resource https://www.aritacapital.com/dd-checklist-resource/ If you want to learn more, reach out at: Email: steven@aritacapital.com LinkedIn: https://www.linkedin.com/in/aritasteven/ IG: https://www.instagram.com/the.real.arita

12. juni 202646 min

#144 - Vet Sponsors Before Wiring Capital with Ken Gee

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