
REI155: Building a Boutique Property Empire w/ Moses Kagan
The Intrinsic Value Podcast - The Investor’s Podcast Network
Investing in Los Angeles Real Estate
"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.
NEW TO THE SHOW?
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SPONSORS
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