Learning asset classes by investing in passive opportunities with Dan Nunney, Owner @ Golf Cart Garage

Grow Your Cashflow Podcast

Welcome to The Legacy Wealth Podcast where we help accredited business owners become educated & get access to, private investments that the wealthiest investors in the world utilize to grow their net worth. We do this by providing insight & access to successful fund managers & investors across multiple asset classes.

I’m your host, Pascal Wagner, and today we are interviewing Dan Nunney, Owner @ Golf Cart Garage, and we'll diving into:

- How to prioritize diversification across asset classes, sponsors and geography in your investments
- How you can find investment opportunities through private investor groups
- And how LP investing over stock market investing as LP investors have an advantage in getting access to better deals and terms.

Links from this episode:
- If you're looking for highly vetted opportunities to invest in, get access to our deal database of alternative investments & join our investor club at www.getfundbase.com.
- Watch the show on YouTube here: https://youtu.be/4oToFQZCza4

About Dan Nunney:
Dan Nunney is a former corporate attorney turned e-commerce entrepreneur and real estate investor. Dan started multiple 7 & 8-figure e-commerce businesses that sell parts and accessories for recreational vehicles (GolfCartGarage.com & SideBySideGarage.com). Dan is also the General Partner of The Long Game Fund, where he invests in the picks and shovels of the Bitcoin and crypto gold rush.
Links from our Guest:
- https://www.linkedin.com/in/daniel-nunney-6666b083/
- https://www.linkedin.com/in/golf-cart-garage-7172bb95/
- https://www.golfcartgarage.com/

Time Stamps:
00:00 - Intro
02:15 - Dan's background
03:00 - Dan talks about his experience as a corporate attorney
05:00 - Dan's transition from quitting his job to starting an e-commerce business and generating excess cash flow for investments.
07:30 - Dan explains his preference for private investments over the stock market
08:15 - Dan discusses the attraction of real estate funds
10:41 - Dan mentions diversifying his investments by exploring different types of funds and syndications
11:15 - The importance of understanding the sponsor and their track record before investing
12:15 - The importance of understanding the deal structure, fees, and alignment of interests in a fund
13:30 - The benefits of co-investing, including better alignment of interests and enhanced due diligence
14:26 - Dan believes that LP (Limited Partner) investing is better than stock market investing due to the edge and advantage sponsors have
15:00 - Dan decided to diversify his investments and get involved in things he has more control over, such as Bitcoin.
16:30 - Dan explains his shift in investment strategy from cash flow-based investments to a mix of cash flow and longer-term investments.
18:24 - Dan discusses his long game fund and its investment strategy
21:03 - Dan reflects on his learnings as he transitioned from being an entrepreneur to an investor and now running his own fund, emphasizing the importance of communication with investors and understanding fees
23:35 - The importance of good communication during market collapses
24:04 - The significance of being a good communicator to build trust with investors and create future opportunities
26:24 - Outro