The Intrinsic Value Podcast - The Investor’s Podcast Network REI154: Carwashes are Cash Cows w/ Dan Handford
Dec 26, 2022
Dan Handford, managing partner at PassiveInvesting.com and founder of Multifamily Investor Nation, shares expert insights on the real estate market. He discusses the impact of rising interest rates and highlights car washes as a lucrative investment, especially during downturns. The conversation touches on strategic asset allocation, red flags for syndication partners, and promising market trends. Dan also promotes the upcoming Multifamily Investor Nation conference, emphasizing the value of networking and educational content for investors.
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Buy Interest Rate Caps
- Always invest with operators who purchase interest rate caps to protect against rising rates.
- Avoid operators who skip interest rate caps; it risks investor capital during rate increases.
Communicate Distribution Changes Well
- Communicate clearly and often when changing investor distribution schedules.
- Transparency helps investors understand and accept adjustments like switching from monthly to quarterly.
Car Washes & Self-Storage Resilience
- Car washes and self-storage thrive in recessions due to recurring memberships and downsizing trends.
- Express car washes offer low-cost, frequent service appealing even during economic downturns.
