Investing in Los Angeles Real Estate

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"I am not diversified like 95% of my net worth is in Los Angeles real estate," he says. "You don't get rich by specializing and getting really good at one thing, you get rich by taking a concentrated bed." He adds: "Now, yeah, do I want to diversify? Like, am I interested in owning buildings in other places or other asset classes?"

IN THIS EPISODE, YOU’LL LEARN:

00:00 - Intro

02:25 - Moses' thoughts on higher education.

02:25 - Why there are more wealthy dumb people in real estate than any other field.

06:35 - How Warren Buffett has influenced him.

What’s most important to provide investors?

32:27 - How diversification is for when you are already rich.

16:36 - His experience in the 2008 downturn.

41:32 - How he views remote single-family rentals.

And much, much more!

*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

BOOKS AND RESOURCES

Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members.
Robert’s book The Everything Guide to House Hacking.
Rich Dad Poor Dad by Robert Kiyosaki.
Berkshire Hathaway’s Shareholder Letters.
The Bezos Letters.
ReConvene.
Related Episode: Listen to REI143: Warren Buffet-inspired Real Estate Investing w/ Keith Wasserman, or watch the video.

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