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Hello and welcome to Farmer’s Capital Conversations with Casey Silveria (that’s me). I’m on a mission to bring you insightful conversations. Our goal is to help you grow your social and intellectual capital. Investing on and off the farm can be a real challenge, and we get that. That’s why we are here to share practical stories and valuable resources to make it a bit easier. We believe in transparency every step of the way. No fluff here, just genuine connections without ads. If you find value in what we share, don’t be shy – please give us a review and share with the one person who comes to mind. Yes, this helps us out, but more importantly, it could add value to someone else.
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![E14 Mike Downey - From Family Farmer to Real Estate Investor](https://pbcdn1.podbean.com/imglogo/image-logo/16408935/Copy_of_Farmers_Capital_Conversations_Logo_3__7jayqh_300x300.jpg)
Wednesday Nov 23, 2022
E14 Mike Downey - From Family Farmer to Real Estate Investor
Wednesday Nov 23, 2022
Wednesday Nov 23, 2022
Mike is a self-proclaimed Iowa “wannabe” farmer. He has deep agricultural roots, and like many others, grew up on a family farm but the farm itself wasn’t large enough to support him joining full time. Dirt “runs through his veins” and he has a passion for farms and farm real estate. However, truth be told, he began investing in commercial real estate back in the late 2000’s due to its easier barrier of entry and positive cash flow. The passive income from assets such as apartments and self-storage facilities have afforded Mike and his wife Megan several opportunities. They left W2’s to start their own company which consults with family farms on their estate and legacy planning. They have self-directed every dollar from prior 401(k)’s into real estate. They own and operate a small farm in eastern Iowa and purchased part of Mike’s family farm, spanning 150 years and 5 generations.
Mike and Megan are also the founders of Farm Raised Capital, a real estate investment firm whose mission is to help everyday professionals like them, particularly in the Ag community, create their own passive income so they can live a life by design, not by default. Farm Raised Capital offers a platform to allow like-minded people to invest together in opportunities previously available to only high-net-worth individuals.
Show notes:
0:40 His Background (farming and crops story)
4:00 Investing Journey
7:50 Assets/classes when he started
14:59 How did he get over the mental hurdle of investing out of his backdoor/backyard/to other states
17:40 Biggest risks and tips to LPs
19:10 Conservative Underwriting
23:00 Good guidance and metrics to Farmers and AG’s to be comfortable with investing
29:00 Mike’s AHA moment - www.whatswealthmean.com
Connect with Mike:
Website: www.farmraisedcapital.com
LinkedIn: http://linkedin.com/in/mike-downey-2553008
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