The Importance of Diversifying for Non Fundamental Reasons

Hey Guys! Continuing our theme of interviewing anonymous accounts, this week’s guest is @PinkPoloShorts. Our conversation focus on Real Estate investing since that is @PinkPoloShorts area of expertise. 

He shared with us how he got into Real Estate after trying to become a professional baseball player, his Real Estate career, what he thinks about Airbnb renting as a business, the most common mistakes that retail investors do, underwriting 101, the future on Real Estate and his opinion on Redfin, and how he levered his knowledge on private Real Estate and apply it to public Real Estate. 

So if you are interested in Real Estate investing definitely tune in and if you are not I would still listen since there is a lot of application than you can take from Real Estate and transpose them on other areas like the Public Markets. Enjoy!

• [0:00] Why @PinkPoloShorts?
• [2:45] Why Real Estate Investing? 
• [5:00] Professional Baseball
• [8:00] Real Estate Career
• [14:00] Private Equity Career
• [16:00] Bad Deals 
• [21:00] Airbnb Renting
• [23:00] Underwriting 101
• [26:00] Unlevered vs Leverage Returns 
• [33:00] Current Cap Rates
• [35:00] Who is selling this to me? Are they smart? Are they divesting for a structural reason?
• [42:00] Private Real Estate vs Public Real Estate 
• [50:00] Benefits of Real Estate Twitter 
• [55:00] Most Retail Common Mistakes 
• [59:00] Interesting Deals
• [1:03:00] Redfin and Brokers 
• [1:11:00] Closing Questions and more @PinkPoloShorts

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