Online Businesses Industry: Brokering to Passive Investing w/Kyle Kuderewski
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Episode Description
Welcome to the Freedom Point Real Estate podcast! In this episode, our host Jeremy Dyer is joined by guest Kyle Kuderewski for a conversation on everything involved in passively investing into online businesses and helping others do the same.
Kyle is the operations manager for WebStreet, a company which helps investors grow their money through online businesses. He started his career in engineering before entering the vacation rental industry and gaining expertise in passive income.
CONNECT WITH KYLE KUDEREWSKI!
Website: https://webstreet.co/
LinkedIn: https://www.linkedin.com/in/kkuderew/
CONNECT WITH JEREMY DYER!
Website: https://startingpointcapital.com/
Instagram: https://www.instagram.com/startingpointcapital/
LinkedIn: https://www.linkedin.com/in/jeremydyer
Facebook: https://www.facebook.com/startingpointcapital
Book a Call! https://calendly.com/startingpointcapital/discuss-investing-with-jeremy-dyer?month=2023-12
Summary
Tip #1: The Power of Education
"Get educated so that you can have peace of mind. It doesn't mean every investment will go right, but at least if you understand it, you can have peace of mind when something does go wrong."
Learn about the importance of gaining knowledge and understanding the investment landscape before diving in.
Tip #2: From Engineering to Entrepreneurship
"I knew I didn't want to stay in that role forever. I got very educated about investing, knew that I didn't want to stay in Corporate America, wanted to passively generate enough income to be comfortable."
Discover Kyle's journey from an engineering career to becoming a passionate investor, emphasizing the entrepreneurial itch and the desire for passive income.
Tip #3: Market Trends & Vacation Rentals
"Follow market trends. Don't fight the market. If it's telling you to do something, lean into it."
Explore the significance of market trends, using Kyle's experience with vacation rentals as an example of adapting to market dynamics.
Tip #4: Balancing Act - Work, Life, and Investments
"It's all about balance. Enjoy getting up in the morning, getting the workout in early, and then trying to crush it for a few hours before doing anything fun or rewarding."
Understand the balance of managing work, personal life, and investments, emphasizing the importance of setting boundaries and creating a conducive environment.
Tip #5: Web Street - A New Era of Investing
"Web Street allows you to invest passively in online businesses run by some of the best operators in the world, providing a unique opportunity to enter the world of e-commerce through a syndication model."
Explore the revolutionary approach of Web Street, offering a platform for investors to passively invest in online businesses with experienced operators.
Tip #6: Due Diligence and Operator Vetting
"Really, really do your due diligence. Dig into the financial models, ask for references, and ensure that the incentives are aligned between operators and investors."
Learn the importance of thorough due diligence, including financial model scrutiny, seeking references, and understanding the alignment of incentives.
Tip #7: Tax Benefits in E-Commerce Investments
"While not as advantageous as real estate, there is still 15-year straight-line depreciation on certain assets, providing investors with tax benefits."
Understand the tax implications of investing in e-commerce businesses, acknowledging the depreciation benefits available to investors.
Tip #8: Traveling the World While Working Online
"One of the cool things about working online is being able to set your own hours and work from wherever there is internet. It's all about balance and enjoying the freedom gained from passive investing."
Discover the perks of working online, allowing flexibility in setting hours and locations, enabling Kyle to travel and pursue his passion for adventure.
Tip #9: Advice for New Passive Investors
"Get educated, do your due diligence, ask the right questions, and don't be afraid to request references. If it sounds too good to be true, it probably is."
Receive valuable advice for new passive investors, emphasizing the importance of education, due diligence, and asking critical questions before making investment decisions.
Tip #10: Building Web Street and Future Plans
"Focused on building Web Street right now, with plans to scale and continue offering innovative opportunities for passive investors in the online business space."
Explore Kyle's dedication to building Web Street and his future plans, with a focus on scaling the platform and providing investors with unique opportunities in the online business sector.
