Stories from a Real Estate Thought Leader - Moses Kagan – Co-Founder of Adaptive Realty
Mar 25, 2024
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Moses Kagan, Co-founder of Adaptive Realty, shares insights on his journey in real estate, including the power of self-advocacy and competitiveness in education and business, pivotal moments in his career, the role of writing publicly, challenges of entrepreneurship, and the importance of mentors in teaching and business.
Real estate value lies in owning quality properties over quick flips, challenging industry norms.
Upbringing and education influence entrepreneurial journey in real estate, shaping career trajectory.
Public writing builds trust and connects with audience, fostering relationships and personal branding.
Deep dives
Challenging Real Estate Norms and Fundamentals
Real estate business is typically IRR driven, focusing on flipping properties. However, a different approach was highlighted where owning good real estate was emphasized over quick flips due to a unique perspective and experience, challenging traditional industry norms and emphasizing the importance of understanding fundamental real estate principles.
Early Life and Influences on Career Path
Moses Kagan's childhood and upbringing were discussed, highlighting the impact of his parents, their backgrounds, and the unconventional school environments he experienced. The podcast delved into how his upbringing, family history, and educational experiences influenced his journey towards a successful real estate career, showcasing key moments that shaped his entrepreneurial path.
Transition to Real Estate Entrepreneurship and Capital Raising Challenges
The transition into real estate entrepreneurship was explored, detailing Moses Kagan's shift from a challenging financial period to venturing into real estate. It highlighted the hurdles faced in raising capital independently and the strategic steps taken to overcome these challenges, including leveraging blogging and personal writing to attract investors and expand access to capital.
Building Trust Through Public Writing
Publicly writing content serves as a means to establish trust with an audience at scale. The speaker highlights the personal connection experienced when encountering similar thoughts shared by others in the industry. By engaging in public writing and sharing insights, individuals can build a personal brand that resonates with like-minded individuals. This process not only fosters trust but also reinforces philosophical alignment among professionals.
Ethical Business Practices and Trust in Partnerships
The importance of maintaining ethical standards and trust in business relationships is emphasized. The speaker reflects on the significance of honoring commitments to investors and partners, showcasing integrity by returning funds when unable to meet promised returns. Building lasting partnerships based on trust and respect, especially in financial dealings, plays a crucial role in sustaining successful ventures and fostering long-term collaborations.
My guest today is Moses Kagan, the Co-founder at Adaptive Realty, founder of Re-convene, a leading real estate private equity un-conference, and partner at ReSeed, which has been described as Y Combinator for real estate sponsors. Moses has a fascinating background and some of what we discuss in this episode includes how self-advocacy and competitiveness influenced his path in education and business, his journey to a successful real estate career, and the role of mentors in life and business.
(00:01:33) - Moses’ family history and his upbringing
(00:26:22) - Moses’ early career & Real Estate
(00:40:23) - The power of writing publicly
(00:46:54) - The perception of Moses on ReTwit & the difficulty of entrepreneurship
(00:57:13) - Pivotal moments for Moses’ business
(01:05:57) - Moses’ next chapter
(01:08:42) - Teaching vs. Mentors
The content of this podcast does not constitute investment advice, an offer to provide investment advisory services, or an offer to sell or solicitation of an offer to buy an interest in any investment fund.