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Millennial Investing - The Investor’s Podcast Network
MI Rewind: Contrarian Thinking w/ Codie Sanchez
Nov 10, 2023
33:58
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Codie Sanchez, a reformed journalist turned institutional investor, talks about her contrarian thinking, the drawbacks of rental properties, and strategies to generate cash flow with limited funds. They also discuss whether money can buy happiness and the importance of aligning values with goals. Furthermore, they explore the risk and potential of investing in Airbnb properties and boring businesses like laundromats.
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Quick takeaways
- Investing in rental properties may not yield significant returns due to high purchase prices and market conditions, so focusing on buying cashflow businesses or exploring alternatives like short-term rentals can be more lucrative.
- Understanding how to buy and evaluate businesses, specifically in the SMB sector, is crucial, including reviewing financial records, analyzing cash flow and expenses, and evaluating lease terms and demographics.
Deep dives
Investing in Cashflow Businesses vs Rental Properties
In the podcast episode, Cody Sanchez discusses the concept of opportunity costs when it comes to investing. She highlights how every decision we make involves a trade-off, and the same principle applies to investing. Sanchez shares her perspective on why buying rental properties might not be the best idea considering the current real estate market conditions. She explains that while rental properties can generate some monthly cash flow, the returns may not be as significant as people expect, especially when factoring in the high purchase prices. Instead, Sanchez suggests focusing on buying cashflow businesses or exploring alternatives like short-term rentals that offer higher returns with less capital and effort.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode